854 229Th Street, New York, NY 10466

• 9 beds |
• 3 baths

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

Listing Status:

Active

Data Last Updated:

October 6, 2026 at 11:42PM

Listing Office:

GRACIELA FLORIMON : 347-338-8641

MLS ID:

4050831

Interior

• General: See Remarks
• A/C: None
• Heating: Baseboard - HotwaterGas-Natural

Exterior

• General: BrickSee Remarks
• Parking: Parking spaces: 4

Construction

• Roofing: See Remarks

Location

• County: Other

Lot

• Driveway: Additional ParkingDriveway-ExclusiveParking Lot-Exclusive

Utilities

• Utilities: Gas-NaturalSee Remarks
• Water: Public Water
• Sewer: Public Sewer

Financial

• Exclusions: See Remark