3256 Riverdale Avenue, Bronx, NY, 10463
$3,300,000
Multi Family
Commercial
Details
ML#: 895175
- # of Families: 5
- Sale or Rent:Sale
- Year Built: 1925
- Taxes: $20,393
- Status:Active
Description
Prime Income-Producing Property with Significant Development PotentialRare opportunity to acquire a well-maintained, fully occupied multifamily property in a high-demand neighborhood. This pre-war building, constructed in 1925, offers a private driveway with a large outdoor parking, five residential rental units—(3) one-bedrooms and (2) three-bedrooms—all featuring private in-unit laundry and access to a total of seven bathrooms.The property sits on a 6, 570 SF lot with a current built area of 3, 811 SF and boasts 12, 154 SF of unused FAR (subject to zoning and DOB verification), offering significant value-add or redevelopment potential. Meticulously cared for and updated over time, this asset presents stable rental income, strong tenancy, and long-term upside for investors, developers, or 1031 exchange buyers. The close proximity to transportation, retail corridors, and neighborhood amenities enhances the property’s appeal. All showings by appointment only. Financials available upon request.
More Property Details
Lot Size: 0.1508
Lot Sq Ft: 6570
Stories: 2
Heat: Heat Pump
A/C: ENERGY STAR Qualified Equipment
Water: Public
Sewer: Public Sewer
Taxes: $20,393
School District#: 999
School District: Bronx
Zoning: R6
Block: 05759
Lot: 0377
Listing Information provided courtesy of
Douglas Elliman Real Estate
718-884-5815