309 Bedford Park Boulevard, Bronx, NY 10458
Local realty services provided by:CENTURY 21 Albertson Realty
309 Bedford Park Boulevard,Bronx, NY 10458
$3,500,000
- 19 Beds
- 8 Baths
- 7,400 sq. ft.
- Multi-family
- Active
Listed by: renato nikolla
Office: houlihan lawrence inc.
MLS#:1065198
Source:OneKey MLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$472.97
About this home
Welcome to your next investment opportunity! Located in the desirable Bedford Park/Norwood section of the The Bronx, this well-maintained 4-story stone and brick multifamily building presents an exceptional investment opportunity. Spanning approximately 7,400 square feet, the property consists of 5 oversized market rent residential units, including three expansive 5-bedroom, 2-bathroom apartments, one 4-bedroom, 2-bathroom unit and one ground-floor 2-bedroom, 2-bathroom unit. The large layouts provide strong rental demand and excellent long-term income-producing potential. All units are market rent with yearly leases ending in March 2027.
Owner offering owner financing at a 6% rate with 15% down payment with good credit. Will consider all offers.
Approximately 8 years ago, the property underwent a full gut renovation with extensive upgrades completed throughout the entire building. Improvements included new drywall, upgraded electrical systems and fixtures, renovated kitchens and bathrooms, upgraded windows, a new roof, new furnaces and hot water heaters, updated heating elements, and new gas piping. These renovations significantly modernized the property while enhancing operational efficiency and reducing future maintenance exposure.
Ownership has continued to meticulously maintain and improve the building since the renovation. All utilities are fully separated, with each unit featuring its own individual gas furnace and separate hot water heater, totaling 5 independent heating systems throughout the property. Additional capital improvements include newly installed concrete and drainage piping completed just 2 years ago, further strengthening the building’s infrastructure and long-term reliability.
The property has also benefited from proactive upgrades completed in anticipation of evolving NYC building requirements. Ownership recently installed a new sidewalk curb valve for emergency water shutoff access, professionally de-clogged the main water line, and installed new shutoff valves in the utility room to improve operational functionality and management efficiency.
The building offers additional upside and future income growth potential. The 1st, 2nd, and 3rd floor units are currently occupied by a daycare operation, providing stable occupancy with the possibility to further increase cash flow depending on future leasing strategy and use configuration.
Combining strong building systems, oversized unit layouts, and a prime Bronx location near transportation, shopping, schools, parks, and major thoroughfares, this stone and brick asset represents an ideal addition to any investor’s portfolio. The property is also located within an R7A zoning district, allowing for approximately 2,676 square feet of additional buildable area, creating valuable long-term development and expansion potential....
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Home facts
- Year built:1910
- Listing ID #:1065198
- Added:1 day(s) ago
- Updated:October 30, 2026 at 12:10 PM
Rooms and interior
- Bedrooms:19
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Hardwood
- Basement:Yes
- Basement Description:Finished, Full, Walk-Out Access
- Living area:7,400 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1910
- Building area:7,400 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Brick, Stone
Schools
- High school:Belmont Preparatory High School
- Middle school:Jhs 80 Mosholu Parkway (The)
- Elementary school:Ps/Ms 20 Po George J Werdan Iii
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$472.97
- Tax amount:$21,413 (2025)
Features and amenities
- Laundry features:Common Area
- Amenities:High Ceilings, Storage, Walk-In Closet(s)
Parking
- Parking description:On Street
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