854 229Th Street, Other, NJ 10466
854 229Th Street, Other, NJ 10466
854 229Th Street, Other, NJ 10466
854 229Th Street, Other, NJ 10466
854 229Th Street, Other, NJ 10466
854 229Th Street, Other, NJ 10466
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 1,400,000
Est. payment | /mo

9 Beds

3 Baths

Save
$ 1,400,000
Est. payment | /mo
Save

9 Beds

3 Baths

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4050831

Style 3-Three Story, See Remarks

Bedrooms 9

Full Baths 3

Year Built 1910

Annual Tax Amount $9,141

Tax Year 9141

Property Description

Prime Bronx Investment opportunity regarding a legal three-family brick home situated on a spacious lot. opportunity for developers and investors: Solid, all-brick, three-family property on a 50' x 114.5' lot, zoned 4, in the Bronx. Exceptional Well-maintained structure with 4 detached/covered garages " delivering immediate rental income and rare expansion potential on a single site. Three boilers, four electric meters, and three gas meters. Additionally, the property offers exceptional parking and storage solutions, including garages, a private driveway. Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops. Lot: 50' x 114.5'-- with buildable parcel.- Zoning: R4 multi-fam residential zoning. It permits another 3-family building (subject to DOB approvals). Building: All-brick construction, three income-producing units. Delivering immediate rental income and rare expansion potential on a single site. - Economies of scale: Shared lot reduces acquisition costs per unit compared with buying separate properties;development costs concentrated on one parcel.- Strong ROI potential: Below-market asking price for combined lot and build potential.opportunity for unit count expansion, rent growth after renovation, or a 2-property sale strategy.- Flexible exit strategies: Hold for stabilized cash flow, renovate and increase rents, or develop and sell the new 3-family

Location

State NJ

County Other

Interior

Interior Features See Remarks

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Brick

Utilities Available Gas-Natural, See Remarks

Roof Type See Remarks

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story, See Remarks

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by GRACIELA FLORIMON
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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854 229Th Street

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