#822345, Listing Office: RE/MAX Distinguished Hms.&Prop
632 E 223rd St Bronx, NY 10466
Property details
About 632 E 223rd St
Prime Investment Property with Development Potential in Williamsbridge – Four-Family Residential with C3/R6 Zoning and Air Rights Presenting an exceptional investment opportunity in the desirable Williamsbridge section of the Bronx! This four-family residential building is located in a sought-after C3/R6 zoning district, offering significant development potential. The property includes one 3-bedroom unit with one bath, one 2-bedroom unit with one bath, and two 1-bedroom units with one bath each, all in good condition and ready for immediate rental or occupancy. In addition to its attractive rental income potential, the property features a commercial overlay (C3) that allows for a variety of uses, opening doors to both residential and commercial opportunities. The property also benefits from valuable air rights, offering a unique chance for future expansion or development, allowing you to maximize the property’s potential. Key Features: - **Four Rental Units**: One 3-bedroom, one 2-bedroom, and two 1-bedroom units – all with one bath each - **Zoning**: C3/R6 with a commercial overlay and valuable air rights for potential future development - **Heating**: Oil (Above Ground) - **Large Finished Basement**: Additional space for storage or possible future conversion - **Excellent Location**: Close to all transportation options for easy access to Manhattan and beyond - **Investment Opportunity**: High rental income potential with room for growth, both residential and commercial With the combination of prime location, solid rental income, and significant development opportunities through the commercial overlay and air rights, this property offers tremendous long-term value. Don’t miss out on this unique chance to invest in one of the Bronx’s most promising areas—schedule a viewing today!
Highlights
Summary
- MLS Number: 838830
- MLS Name: ONEKEY2
- Office Name: Charles Rutenberg Realty, Inc.
- Office Phone: (516) 575-7500
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 4/7/2025, 1:11:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,299,000
632 E 223rd St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Feb 09, 1999 | Home Sold | $245,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $151,549 | $18,946 |
2023 | $251,550 | $17,550 |
2021 | $231,750 | $- |
2020 | $237,600 | $15,016 |
2018 | $107,983 | $12,721 |
2017 | $100,018 | $11,939 |
History based on county public records data.
Nearby schools
8
Bronx Charter School for Excellence 4
Public Charter KG-3
0.1 mi
•3956 Carpenter Ave
9
Bronx Charter School for Excellence 3
Public Charter KG-4
0.1 mi
•3956 Carpenter Ave
2
P.S. 21 Philip H. Sheridan School
Public District KG-5
0.2 mi
•715 E 225th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,873. The most common annual income of people living in Bronx, NY is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
Similar homes for sale
This home is located at 632 E 223rd St in Bronx, NY and zip code 10466 in the Williamsbridge neighborhood. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 21, 2025 and is currently priced at $1,299,000.
In March 2025 in Bronx, NY there were 7.2% more homes for sale than in February. In March 2025 median list price was $592,868 and the average listing age was 139 days.