• Property Type
  • Residential Income
  • 9
  • Bedrooms
  • 3
  • Bathrooms

854 229Th Street , Other, New Jersey 10466

  • $1,400,000

Description

Prime Bronx Investment opportunity regarding a legal three-family brick home situated on a spacious lot. opportunity for developers and investors: Solid, all-brick, three-family property on a 50′ x 114.5′ lot, zoned 4, in the Bronx. Exceptional Well-maintained structure with 4 detached/covered garages ” delivering immediate rental income and rare expansion potential on a single site. Three boilers, four electric meters, and three gas meters. Additionally, the property offers exceptional parking and storage solutions, including garages, a private driveway. Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops. Lot: 50′ x 114.5′– with buildable parcel.- Zoning: R4 multi-fam residential zoning. It permits another 3-family building (subject to DOB approvals). Building: All-brick construction, three income-producing units. Delivering immediate rental income and rare expansion potential on a single site. – Economies of scale: Shared lot reduces acquisition costs per unit compared with buying separate properties;development costs concentrated on one parcel.- Strong ROI potential: Below-market asking price for combined lot and build potential.opportunity for unit count expansion, rent growth after renovation, or a 2-property sale strategy.- Flexible exit strategies: Hold for stabilized cash flow, renovate and increase rents, or develop and sell the new 3-family

  • City: Other
  • State/county: NJ

Details

Updated on September 6, 2026 at 9:41 pm
  • Property ID HZ4050831
  • Price $1,400,000
  • Bedrooms 9
  • Bathrooms 3
  • Property Type Residential Income
  • Property Status Active

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