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Listed price in listed location currency (USD).
$2,200,000

000

MLS® 898469

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $16,827
Days Active 210
Approx. Age 1925
MLS® Number 898469

Property Address: 185 205th St, Bronx, NY, 10458-1220

Average square foot calculated using Size range provided by listing agent.

Description

Introducing 185 E 205th Street, a fully renovated five-unit multifamily building in the heart of the Bronx, offering a strong rent roll and long-term upside. Spanning approximately 3, 200 square feet, the building includes three 2-bedroom units and two 1-bedroom units, all updated with modern finishes and fully leased to reliable tenants. The property is generating $12, 500 per month in rental income, with all tenants on annual leases — most of which are CityFHEPS voucher holders, providing guaranteed rent payments from city subsidies. This makes 185 E 205th a low-maintenance, high-yield investment from day one. The building features a finished basement, backyard, and outdoor space, adding further flexibility for storage, recreation, or potential future use. Zoned R8, the site allows for a significant development opportunity — with the ability to build over 15, 000 square feet, subject to zoning and FAR allowances. Whether you're looking for a stable income-producing asset or a future ground-up development, this property checks all the boxes. Located just off the Grand Concourse in the desirable Bedford Park section of the Bronx, the property offers excellent access to B/D/4 trains, multiple bus lines, Montefiore Medical Center, Lehman College, parks, and local retail — making it a convenient and in-demand rental area for working families.
MLS® Number898469
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1925
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 6, 2025List Date
$2,200,000List Price

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