323 Concord Ave Bronx, NY 10454
Mott Haven NeighborhoodEstimated payment $4,881/month
Highlights
- Wood Flooring
- 5-minute walk to East 143 Street-St Marys Street
- Multiple cooling system units
- Fenced Yard
- Porch
- Baseboard Heating
About This Home
Introducing a distinguished three-family residence offering both refined living and strong financial performance in the rapidly evolving enclave of Mott Haven. Set on a quiet, residential street, this impeccably maintained property delivers an uncommon blend of architectural charm, modern updates, and turnkey investment appeal.
The building features three generously scaled, beautifully enhanced units, each boasting upgraded kitchens, contemporary baths and abundant natural light. With all units fully leased to reliable tenants, the property delivers a consistent, market-aligned income stream and an attractive 5% cap rate, making it an exceptional opportunity for investors seeking stability and long-term growth in a high-demand neighborhood.
Situated moments from the Bronx waterfront, acclaimed dining and cultural venues, and multiple transit options—including the 2, 5, and 6 trains—this property offers effortless connectivity to Manhattan while preserving the quiet sophistication of a residential block.
A rare offering that balances immediate cash flow with future appreciation potential, this Mott Haven three-family stands as a premier asset for the discerning investor.
"Fully occupied. Strong returns. A turnkey opportunity not to be missed." Note: some pictures are virtually staged.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,997
Year Built
- Built in 1910
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 20x80
- Fenced Yard
- Irregular Lot
- Back and Front Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,148 Sq Ft Home
- 3-Story Property
- Window Treatments
- Unfinished Basement
- Basement Cellar
Kitchen
- Stove
- Microwave
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Porch
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 2573
Community Details
Overview
- 3 Units
Building Details
- Fuel Expense $4,742
- Insurance Expense $2,945
- Utility Expense $837
- Gross Income $60,516
- Net Operating Income $45,491
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,966 | $19,898 | $2,725 | $17,173 |
| 2024 | $3,966 | $19,746 | $2,588 | $17,158 |
| 2023 | $3,783 | $18,629 | $2,823 | $15,806 |
| 2022 | $3,509 | $40,560 | $7,320 | $33,240 |
| 2021 | $3,490 | $42,600 | $7,320 | $35,280 |
| 2020 | $2,690 | $41,820 | $7,320 | $34,500 |
| 2019 | $3,442 | $33,720 | $7,320 | $26,400 |
| 2018 | $3,165 | $15,524 | $4,553 | $10,971 |
| 2017 | $2,986 | $14,646 | $6,077 | $8,569 |
| 2016 | $2,762 | $13,818 | $4,872 | $8,946 |
| 2015 | $1,666 | $13,818 | $4,956 | $8,862 |
| 2014 | $1,666 | $13,713 | $5,142 | $8,571 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2026 01/20/26 | Price Changed | $874,999 | -3.8% | $407 / Sq Ft |
| 11/24/2025 11/24/25 | For Sale | $910,000 | -- | $424 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $530,000 | -- | |
| Deed | $232,316 | -- | |
| Deed | $373,776 | -- | |
| Deed | $385,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $397,500 | Purchase Money Mortgage | |
| Previous Owner | $379,050 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 497381
APN: 02573-0037
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