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$ 2,200,000
Est. payment | /mo
3,332 Sqft Lot
$ 2,200,000
Est. payment | /mo
3,332 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 898469
Rental Info No
Year Built 1925
Annual Tax Amount $16,826
Lot Size 3,332 Sqft
Acres 0.0765
Property Sub-Type Multi Family
Source onekey2
Property Description
Introducing 185 E 205th Street, a fully renovated five-unit multifamily building in the heart of the Bronx, offering a strong rent roll and long-term upside. Spanning approximately 3,200 square feet, the building includes three 2-bedroom units and two 1-bedroom units, all updated with modern finishes and fully leased to reliable tenants.
The property is generating $12,500 per month in rental income, with all tenants on annual leases — most of which are CityFHEPS voucher holders, providing guaranteed rent payments from city subsidies. This makes 185 E 205th a low-maintenance, high-yield investment from day one.
The building features a finished basement, backyard, and outdoor space, adding further flexibility for storage, recreation, or potential future use.
Zoned R8, the site allows for a significant development opportunity — with the ability to build over 15,000 square feet, subject to zoning and FAR allowances. Whether you're looking for a stable income-producing asset or a future ground-up development, this property checks all the boxes.
Located just off the Grand Concourse in the desirable Bedford Park section of the Bronx, the property offers excellent access to B/D/4 trains, multiple bus lines, Montefiore Medical Center, Lehman College, parks, and local retail — making it a convenient and in-demand rental area for working families.
The property is generating $12,500 per month in rental income, with all tenants on annual leases — most of which are CityFHEPS voucher holders, providing guaranteed rent payments from city subsidies. This makes 185 E 205th a low-maintenance, high-yield investment from day one.
The building features a finished basement, backyard, and outdoor space, adding further flexibility for storage, recreation, or potential future use.
Zoned R8, the site allows for a significant development opportunity — with the ability to build over 15,000 square feet, subject to zoning and FAR allowances. Whether you're looking for a stable income-producing asset or a future ground-up development, this property checks all the boxes.
Located just off the Grand Concourse in the desirable Bedford Park section of the Bronx, the property offers excellent access to B/D/4 trains, multiple bus lines, Montefiore Medical Center, Lehman College, parks, and local retail — making it a convenient and in-demand rental area for working families.
Location
State NY
County Bronx County
Rooms
Basement None
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Utilities Available None
Building
Foundation Other
Sewer None
Water None
Structure Type Other
Others
Special Listing Condition None
Listed by Pomp Realty Advisors Inc