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854 E 229th Street, Bronx, NY 10466

Bronx
Local realty services provided by:CENTURY 21 New West Properties
854 E 229th Street,Bronx, NY 10466
$1,400,000
  • 9 Beds
  • 3 Baths
  • 3,366 sq. ft.
  • Multi-family
  • Active
Listed by: herminia florimon, errol w. lewis
Office: keller williams realty nyc grp
MLS#:968735
Source:OneKey MLS

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$415.92

About this home

Double-track value: Keep the existing cash-flowing 3-family while planning and building a second 3-family on the same lot, creating two revenue streams and maximizing FAR for the parcel. Immediate income + upside: Existing tenants provide instant NOI while a new build captures additional long-term rental revenue or a quick value-add resale. - Scarce garage supply: Four private garages significantly boost unit desirability and rent premiums in the borough where off-street parking is rare. 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 in R4 zoning presents clear 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 separately or as...

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Home facts

  • Year built:1910
  • Listing ID #:968735
  • Added:142 day(s) ago
  • Updated:July 30, 2026 at 02:28 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:3,366 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1910
  • Building area:3,366 sq. ft.
  • Lot area:0.13 Acres
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$415.92
  • Tax amount:$9,141 (2025)

Features and amenities

  • Amenities:High Ceilings

Parking

  • Parking description:Driveway
  • Garage:Yes
  • Garage spaces:2
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