$1,200,000

Estimated payment $7,940/month

Total Views 5,517
8 Beds
4 Baths
3,850 Sq Ft
$312 Price per Sq Ft

Highlights

  • Property is near public transit
  • Main Floor Bedroom
  • Stone Wall
  • Wood Flooring
  • Eat-In Kitchen
  • Level Lot

About This Home

Discover a prime investment opportunity in the vibrant Parkchester area of Bronx County with this remarkable 4-family property. Each unit features two bedrooms, offering comfortable living spaces perfect for families and tenants seeking a cozy home in a bustling community. Property Highlights: Uniform Layout: This property comprises four spacious two-bedroom apartments, each thoughtfully designed to maximize comfort and functionality. The consistent layout across all units ensures ease of management and rental appeal. Expansive Basement: A standout feature of this property is the large basement, providing abundant storage space and potential for additional amenities such as a communal laundry area or recreational room. The basement's versatility enhances the property's overall value. Prime Parkchester Location: Situated in the heart of Parkchester, residents will enjoy the convenience of nearby public transportation, shopping centers, schools, and parks. The neighborhood's vibrant atmosphere and amenities make it a highly desirable location for tenants. Income-Generating Potential: With four two-bedroom units, this property offers substantial rental income opportunities. Whether you're an investor looking to expand your portfolio or a homeowner interested in generating additional income, this property is an excellent choice. Outdoor Space: A small backyard provides a charming outdoor area for tenants to relax and enjoy, adding to the property's appeal and tenant satisfaction. Well-Maintained: The property has been carefully maintained, ensuring a welcoming and move-in-ready environment for new tenants. Recent updates and upkeep contribute to the property's excellent condition. This 4-family property in Parkchester presents a rare opportunity to own a versatile and income-generating asset in one of the Bronx's most sought-after neighborhoods. Whether you're seeking a solid investment or a property with rental potential, this listing is a must-see. Schedule a viewing today and explore the possibilities this exceptional property has to offer!

Listing Agent

Korab Krasniqi

Compass Greater NY, LLC Brokerage Phone: 914-752-8763 License #10401335766 Listed on: 03/04/2025

Compass Greater NY, LLC

Co-Listing Agent

Joseph Lukic

Compass Greater NY, LLC Brokerage Phone: 914-752-8763 License #10401264948

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,418

Year Built

  • Built in 1924

Lot Details

  • 2,500 Sq Ft Lot
  • Stone Wall
  • Partially Fenced Property
  • Brick Fence
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Parking

  • On-Street Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Schools

  • Contact Agent Elementary School
  • Contact Agent High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Radiant Heating System

Additional Features

  • Eat-In Kitchen
  • Walk-Out Basement

Listing and Financial Details

  • Legal Lot and Block 49 / 3901
  • Assessor Parcel Number 03901-0049

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,418

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Quadruplex
  • Property Condition: Actual
  • Year Built: 1924
  • Attribution Contact: 914-752-8763
  • Co List Office Mls Id: KEYCOMPNY14
  • Co List Office Phone: 914-752-8763
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 4
  • Basement: Unfinished, Walk-Out Access
  • Total Bedrooms: 8
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Fencing: Brick, Other, Partial
  • Pool Private: No
  • Spa: No
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: Off Street, On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Radiant
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500
  • Building Area Total: 3850
  • Lot Features: City Lot, Level, Near Public Transit, Near School, Near Shops, Stone/Brick Wall
  • Parcel Number: 03901-0049
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 5
  • Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 17418.32
  • Tax Block: 3901
  • Tax Lot: 49
  • Tax Year: 2024

MLS Schools

  • Elementary School: Contact Agent
  • High School: Contact Agent
  • Middle School District: Bronx

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,418 $143,842 $57,025 $86,817
2024 $17,418 $139,324 $57,121 $82,203
2023 $15,829 $129,038 $60,907 $68,131
2022 $14,620 $247,950 $140,400 $107,550
2021 $0 $198,450 $140,400 $58,050
2020 $13,801 $217,800 $140,400 $77,400
2019 $10,421 $217,350 $140,400 $76,950
2018 $12,625 $99,260 $59,901 $39,359
2017 $11,691 $91,921 $61,676 $30,245
2016 $10,973 $85,114 $62,928 $22,186
2015 $7,124 $85,114 $62,631 $22,483
2014 $7,124 $82,440 $49,944 $32,496
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 For Sale $1,200,000 -- $312 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed $610,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,474 No Value Available
Open $58,200 Purchase Money Mortgage
Closed $58,200 No Value Available
Open $468,000 No Value Available
Previous Owner $51,407 No Value Available
Source: Public Records

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Source: OneKey® MLS

MLS Number: 830595

OneKey® MLS

APN: 03901-0049