309 Bedford Park Boulevard,Bronx, NY 10458
Bronx, NY 10458
Description
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 units and one ground-floor 2-bedroom, 2-bathroom unit. The building’s large layouts provide strong rental demand and excellent long-term income-producing potential. All units are market rent with yearly leases ending in November. 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.
Details
| MLS # | 1002226 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 98 |
| Listing Provided By | Houlihan Lawrence Inc. | Renato Nikolla |
Features
| SQ Feet | 7,400 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | R7A |
| Acreage | 0.06 |
| Property View | Neighborhood |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
| Appliances | Convection Oven, Cooktop, Gas Cooktop, Gas Oven, Gas Range, Oven, Gas Water Heater |
Exterior
| Security Features | Building Security, Fire Escape, Other, Smoke Detector(s) |
|---|---|
| Construction Materials | Stone |
| Lot Features | Back Yard |
| Fencing | Back Yard, Perimeter |
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 171302 |
| Tax Annual Amount | 21308 |
| Tax Lot | 67 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10458 |
| Listing VS Median (in 10458) | |
Price: $3,500,000 low | high Med: $665,000 sqft: 7,400 low | high Med: 1,536 $ / sqft: $473 low | high Med: $433 On site: 98 low | high Med: 90 | |
Market Activity 10458
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10458 |
| Listing VS Median (in 10458) | |
Price: $3,500,000 low | high Med: $665,000 sqft: 7,400 low | high Med: 1,536 $ / sqft: $473 low | high Med: $433 On site: 98 low | high Med: 90 | |
 | $1,499,0002969 Perry AvenueBronx, NY 10458 |