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About This Home
This 6-bedroom, 2-bathroom residential multi family at 756 E 223rd Street in Bronx, NY is listed for $1,150,000. Built in 1925, on a 0.07 acres lot.
Rare opportunity to purchase 752 and 756 East 223rd Street together in the Bronx. This package offers immediate rental income with strong long-term upside and potential development value. 756 East 223rd Street is a legal 3-family property featuring a ground-floor 1-bedroom unit, a first-floor 3-bedroom unit, and a second-floor 2-bedroom unit.
The property is in good overall condition and currently produces income, with additional upside from lease stabilization and future repositioning. Both properties must be sold together, creating a unique opportunity for investors, end-users, or developers looking for a larger combined lot in a convenient North Bronx location.
The combined lots may offer the potential to build 10+ units, subject to zoning, approvals, and buyer due diligence. Whether held as an income-producing asset, improved over time, or explored as a future development site, this package offers multiple paths for value creation.
Conveniently located near public transportation, shopping, schools, and major roadways. Buyer must perform their own due diligence regarding zoning, buildable square footage, rental income, expenses, leases, permits, and development potential. Properties are being sold together and will not be sold separately.
Key Features
- Built in 1925
- 0.07 acre lot
Property Details
Amenities
Monthly Cost Estimate
$6,150/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
756 E 223rd Street
Bronx, NY 10466
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 756 E 223rd Street is listed at $1,150,000. The estimated monthly payment is $4,983 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.07 acre lot.
This property is listed by Steven M. Padernacht and can be reached at 6076693361 or smprealty@gmail.com.


