854 E 229th Street
Bronx, NY 10466
9
Bed
3
Bath
0.13Acre(Lot)
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, re
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 3 Full Baths: 3 -
Interior Features
High Ceilings -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Cooling: None
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Building Information
Year Built: 1910 Building Area Total: 3366 Construction Materials: Brick Private Pool: No
-
Lot Information
Lot Size Acres: 0.1313
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Listing Price Information
Listing Price: $1400000 Original Price: $1200000
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Tax Information
Parcel Number: 04853-0083 Annual Tax: $9141.12
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Parking Information
DrivewayGarage Information
Has Garage: Yes Garage Space: 2
-
Utility Information
Electricity Connected -
Location Information
Direction: WAKEFIELD neighborhood - from E. 233rd Street make a right onto Bronxwood Avenue make a left onto Barnes Avenue and then a left onto E. 229th St. (between Barnes Ave. and Bronxwood Ave.) WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3939 Secor Avenue, Bronx, NY, 10466 | $889,999 | 6 | 4 | -- | |
| 3919 Pratt Avenue, Bronx, NY, 10466 | $1,200,000 | 8 | 3 | -- | |
| 3924 Duryea Avenue, Bronx, NY, 10466 | $959,999 | 5 | 2 | -- | |
| 3964 Duryea Avenue, Bronx, NY, 10466 | $1,099,000 | 6 | 3 | -- | |
| 3968 Duryea Avenue, Bronx, NY, 10466 | $1,099,000 | 6 | 3 | -- | |
| 4077 Seton Avenue, Bronx, NY, 10466 | $1,324,999 | 8 | 4 | -- | |
| 3532 Ely Avenue, Bronx, NY, 10466 | $875,000 | -- | 2 | -- | |
| 2132 Edenwald Avenue, Bronx, NY, 10466 | $1,050,000 | -- | 2 | -- | |
| 3931 De Reimer Avenue, Bronx, NY, 10466 | $914,900 | -- | -- | -- | |
| 1283 E 223rd Street, Bronx, NY, 10466 | $1,049,000 | 6 | 4 | -- |
Similar Multifamily To 854 E 229th Street
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ByOwner last updated this listing 07/23/2026 @ 05:11
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