New Listing - 03/21/2025
632 E 223rd Street, Bronx, NY, 10466
7 beds
4 Full baths
1929
Contemporary
Prime Investment Property with Development Potential in Williamsbridge – Four-Family Residential with C3/R6 Zoning and Air Rights Presenting an exceptional investment opportunity in the desirable Williamsbridge section of the Bronx! This four-family residential building is located in a sought-after C3/R6 zoning district, offering significant development potential. The property includes one 3-bedroom unit with one bath, one 2-bedroom unit with one bath, and two 1-bedroom units with one bath each, all in good condition and ready for immediate rental or occupancy. In addition to its attractive rental income potential, the property features a commercial overlay (C3) that allows for a variety of uses, opening doors to both residential and commercial opportunities. The property also benefits from valuable air rights, offering a unique chance for future expansion or development, allowing you to maximize the property’s potential. Key Features: - **Four Rental Units**: One 3-bedroom, one 2-bedroom, and two 1-bedroom units – all with one bath each - **Zoning**: C3/R6 with a commercial overlay and valuable air rights for potential future development - **Heating**: Oil (Above Ground) - **Large Finished Basement**: Additional space for storage or possible future conversion - **Excellent Location**: Close to all transportation options for easy access to Manhattan and beyond - **Investment Opportunity**: High rental income potential with room for growth, both residential and commercial With the combination of prime location, solid rental income, and significant development opportunities through the commercial overlay and air rights, this property offers tremendous long-term value. Don’t miss out on this unique chance to invest in one of the Bronx’s most promising areas—schedule a viewing today!
Status:
Active
Type:
Single-family residential
Units:
4
Heating:
Baseboard, Oil
Cooling:
None
Basement:
Finished, Full, Storage Space, Walk-Out Access
Parking:
Driveway, Off Street, Shared Driveway
Acreage:
0.06
Est. Taxes:
$13,469
Assessment
$440,400
Construction
Brick
Utilities
Trash Collection Public
Lot Description:
Back Yard, Level, Near Public Transit, Near School, Near Shops
Amenities:
Park
Elementary School:
Contact Agent
Middle School:
Contact Agent
High School:
Contact Agent
School District:
Bronx
Days on Market:
2
MLS #:
838830
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Charles Rutenberg Realty, Inc. 516-575-7500
