Description
Excellent opportunity to acquire a well-maintained, income-producing three-family property in one of the Bronx's most transit-accessible neighborhoods. Located at 453 East 181st Street, this investment combines low operating costs, efficient building systems, and strong rental demand, making it an attractive addition to any real estate portfolio.Designed for long-term ownership, the property features four separate gas meters and four separate electric meters, allowing for tenant-paid utilities and reduced landlord expenses. Coupled with tax abatement through 2032, investors benefit from favorable operating costs and improved cash flow. The building also includes a full finished basement, offering valuable additional interior space, along with month-to-month residential tenancies, providing immediate income and future flexibility. Just one minute from the 182nd-183rd Streets B & D Express subway station, the property offers outstanding access to Manhattan and the rest of New York City, making it highly desirable to tenants. Residents also enjoy convenient access to shopping, schools, restaurants, parks, and major thoroughfares. This property offers a compelling combination of stable income, efficient operations, and long-term upside.
Details
| MLS # | 1021165 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 70 |
| Listing Provided By | Locqube New York, Inc. | Esperanza Estrella |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,037 |
| Basement | Y |
| Units | 3 |
| Property View | None |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Interior Features | High Ceilings, Open Floorplan, Primary Bathroom |
Exterior
| Exterior Features | Balcony |
|---|---|
| Construction Materials | Brick |
| Lot Features | Back Yard |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | See Remarks |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 69 |
| Tax Lot | 0110 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10457 |
| School District | High School For Energy And Techn |
| Elementary School | Ps 23 New Children's School |
| High School | High School For Energy And Techn |
| Listing VS Median (in 10457) | |
Price: $1,175,000 low | high Med: $855,900 sqft: 3,037 low | high Med: 3,420 $ / sqft: $387 low | high Med: $250 On site: 70 low | high Med: 81 | |
Market Activity 10457
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10457 |
| School District | High School For Energy And Techn |
| Elementary School | Ps 23 New Children's School |
| High School | High School For Energy And Techn |
| Listing VS Median (in 10457) | |
Price: $1,175,000 low | high Med: $855,900 sqft: 3,037 low | high Med: 3,420 $ / sqft: $387 low | high Med: $250 On site: 70 low | high Med: 81 | |
 | $1,025,0002186 Washington AvenueBronx, NY 10457 |
 | $1,100,0002058 Washington AvenueBronx, NY 10457 |
 | $850,000506 E 183rd StreetBronx, NY 10458 |