Buy with Yoreevo
$1,273,020
List Price: $1,299,000
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632 E 223rd Street
House in Wakefield •  building info
7bd • 4ba • 2,535ft² • $512 per ft²
Buy with Yoreevo

$1,273,020

List Price

$1,299,000

Key Details
Days on market
80
Last price change
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Estimated payment
$8,512/mo
Taxes
$1,122/mo
Maintenance
N/A
Description
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!

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,299,000
Asking Price: $1,299,000
Term
30 Years
Down Payment
$129,000 (10%)
Min: 10% (129,000)
Rate
6.5 %
Mortgage Amount
$1,169,100
Mortgage Payment
$7,390
Taxes
$1,122
Estimated Yoreevo rebate
$25,980
Estimated closing cost
$48,000
Total monthly cost $8,512
Buy your dream home with us and get an estimated $25,980 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Charles Rutenberg Realty Inc.

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