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Pending
  • $1,299,000

    632 E 223rd Street, Bronx, NY 10466

    7beds
    3,280sqft
    Quadruplex, Multi Family
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $396/sqft
    $-- HOA

    What's special

    Large finished basement
    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!
    104 days
    on Zillow
    |
    47
    |
    2
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    Zillow last checked: 7 hours ago

    Listing updated: June 09, 2025 at 12:56pm

    Listing by:

    Charles Rutenberg Realty, Inc. 516-575-7500,

    Ofoegbulam C. Igwe 917-330-6998,

    Danny B. Agboh 917-292-2047,

    Charles Rutenberg Realty, Inc.

    Source: OneKey® MLS,MLS#: 838830MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Oil
    Cooling
    • None
    Features
    • First Floor Bedroom, First Floor Full Bath, Crown Molding, Eat-in Kitchen, Natural Woodwork, Walk Through Kitchen
    • Flooring: Hardwood
    • Basement: Finished,Full,Storage Space,Walk-Out Access
    • Attic: Dormer
    Interior area
    • Total structure area: 3,280
    • Total interior livable area: 3,280 sqft

    Property

    Parking
    • Parking features: Driveway, Off Street, Shared Driveway
    • Has uncovered spaces: Yes
    Lot
    • Size: 2,535 Square Feet
    • Features: Back Yard, Level, Near Public Transit, Near School, Near Shops
    Details
    • Parcel number: 048240055
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Brick
    Condition
    • Actual
    • Year built: 1929

    Utilities & green energy

    • Gas: Separate Gas Meters: 4
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Trash Collection Public

    Community & HOA

    Community
    • Features: Park, Playground, Sidewalks
    HOA
    • Amenities included: Park
    Location
    • Region: Bronx

    Financial & listing details

    • Price per square foot: $396/sqft
    • Tax assessed value: $440,400
    • Annual tax amount: $13,469
    • Date on market: 3/21/2025
    • Listing agreement: Exclusive Right To Sell
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