510 E 188th St Bronx, NY 10458
Belmont NeighborhoodEstimated payment $7,013/month
10
Beds
4
Baths
3,300
Sq Ft
$356
Price per Sq Ft
Highlights
- Living Room
- Dining Room
- 4-minute walk to Ciccarone Park
- Laundry Room
About This Home
Multi-Family Investment Opportunity in the Heart of the Bronx - 510 E 188th St Discover a prime investment property in one of the Bronx's most vibrant and high-demand neighborhoods. This three-story walk-up building offers three spacious, well-maintained residential units, each generating strong rental income. A perfect opportunity for investors or owner-occupants seeking steady cash flow in a growing market. Property Features: First Floor: 3 Bedrooms, 1 Bathroom - Rented at $3,600/month net Second Floor: 3 Bedrooms, 1 Bathroom - Rented at $3,600/month net Third Floor: 4 Bedrooms, 2 Bathrooms - Rented at $3,800/month net Each unit features a comfortable layout with hardwood floors, updated kitchens, and ample natural light. The third-floor unit stands out with an additional bedroom and bathroom, ideal for larger households or higher rent potential. Investment Highlights: Total Monthly Net Income: $11,000 Located near Fordham University, public transit, shopping, and dining Whether you're expanding your portfolio or looking for a 1031 exchange option, 510 E 188th St is a smart, income-producing asset in a rapidly appreciating neighborhood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,615
Year Built
- 1901
Lot Details
- 1,900 Sq Ft Lot
Interior Spaces
- 3,300 Sq Ft Home
- 3-Story Property
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
Community Details
- Belmont Community
Map
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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 |
|---|---|---|---|---|
| 2024 | $5,615 | $27,955 | $3,800 | $24,155 |
| 2023 | $5,357 | $26,375 | $4,040 | $22,335 |
| 2022 | $4,967 | $46,080 | $8,400 | $37,680 |
| 2021 | $5,237 | $43,980 | $8,400 | $35,580 |
| 2020 | $5,227 | $48,120 | $8,400 | $39,720 |
| 2019 | $4,580 | $40,680 | $8,400 | $32,280 |
| 2016 | $1,452 | $20,736 | $7,406 | $13,330 |
| 2015 | $741 | $20,578 | $8,515 | $12,063 |
| 2014 | $741 | $19,414 | $6,836 | $12,578 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $1,175,000 | +54.6% | $356 / Sq Ft |
| 09/21/2018 09/21/18 | Sold | $760,000 | -10.5% | $235 / Sq Ft |
| 06/11/2018 06/11/18 | Pending | -- | -- | -- |
| 06/11/2018 06/11/18 | For Sale | $849,000 | -- | $263 / Sq Ft |
Source: NY State MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $760,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $910,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $119,475 | No Value Available | |
| Previous Owner | $112,000 | No Value Available |
Source: Public Records
Similar Homes in Bronx, NY
Source: NY State MLS
MLS Number: 11501916
APN: 03057-0026
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