Description
Configuration: Two adjoining income-producing propertiesZoning: R4ATotal Rentable Rooms: 14 (6 in No. 350, 8 in No. 354)Parking: 3-car garage, $250 each, $750/month totalIncome SnapshotAugust 2025 Gross Income: $12, 974 per month (room rentals + garage)Annualized Gross Income: Ëœ $155, 700Operating Expenses (ex-mortgage): Ëœ $2, 850 per month includes water, sewer, electricity, gas, and insuranceNet Operating Income (NOI): Ëœ $7, 974 per month / Ëœ $95, 700 annuallyCap Rate: -5.8%Property Details350 East 193rd Street2½-story single-family homeApprox. 2, 025 sq ft on a 3, 658 sq ft lot6 rentable rooms354 East 193rd Street2-family, 2½-story residenceApprox. 2, 065 sq ft on a 5, 000 sq ft lot8 rentable roomsBoth buildings date to 1910 and retain classic Bronx frame-house character.Investment HighlightsTurnkey Cash Flow: Established rent-by-room model with steady occupancy.Additional Income Stream: Three garage spaces generate $750/month.High-Demand Location: Close to Fordham University, shopping, dining, and multiple subway and bus lines.Future Upside: Opportunity to update interiors, adjust room rents, or explore other residential configurations within R4A zoning.SummaryOffered together for $2, 100, 000, 350 & 354 East 193rd Street present a rare chance to own two adjacent, fully rented properties with 14 rooms plus garage income. With gross monthly revenue approaching $13K and an NOI of nearly $96K, this portfolio delivers immediate returns and long-term growth potential in one of the Bronx’s most active rental markets.
More Property Details
Bedroom: 13
Full Bath: 6
Garage: Yes
Garage: 3.0
Parking Spaces: Yes
Parking Facilities: Garage, Waitlist
Heat: Forced Air
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $25,540