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About This Home
This 7-bedroom, 4-bathroom residential multi family at 642 E 223rd Street in Bronx, NY is listed for $1,125,000. Built in 1929, on a 0.06 acres lot.
Unrivaled Development Potential meets Solid Rental Income! This massive, fully detached brick legal 4-family home is situated in a rapidly evolving pocket of the Bronx. While currently operating as a high-income generating 4-unit property, recent zoning changes in the area provide a rare "value-add" opportunity for savvy investors to potentially convert this structure into a 6-9 unit residential building.
The building is thoughtfully configured to maximize space: First Floor: Features two units-a spacious 1-bedroom apartment and a comfortable 2-bedroom apartment. Second Floor: Features two units-a 1-bedroom apartment and a large 3-bedroom apartment perfect for a primary resident or premium rental.
Bonus Space: A full, finished basement offers incredible versatility for storage, utilities, or recreation. Key Features: Legal 4-Family with 6-9 unit conversion potential (verify with architect/Zoning). All-brick construction for durability and low maintenance. Detached layout providing excellent natural light on all sides. Private backyard and finished basement.
Key Features
- Built in 1929
- 0.06 acre lot
Property Details
Amenities
Monthly Cost Estimate
$6,017/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
642 E 223rd Street
Bronx, NY 10466
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 642 E 223rd Street is listed at $1,125,000. The estimated monthly payment is $4,875 based on 20% down at 6.5% interest.
Key features include: Built in 1929, 0.06 acre lot. Interior Features: First Floor Bedroom.
This property is listed by Aaron M. Holness and can be reached at 7186544026 or aaron.holness@yahoo.com.
