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2065 Valentine Avenue

New York NY 10457

9
3
1
3500 sq. ft.
2520 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Presenting a renovated multi-fam rental opportunity & 8,658 BSF development site with approved plans at 2065 Valentine Avenue, Bronx, NY. This legal two-family residence, situated on a 25 ft x 100 ft lot with R7-1 zoning. Currently structured as a 3,418 sq ft building that spans 21.5 ft wide by 53 ft deep across two fully finished floors plus a walk-out basement, this property is designed to accommodate the modern tenant's needs. The building hosts nine bedrooms and three bathrooms across three distinct units, each boasting full occupancy with tenants in place. The basement features a one-bedroom apartment generating $1,600 monthly, the first floor offers a three-bedroom apartment at $3,216 monthly, and the second floor hosts a five-bedroom apartment with a rental income of $3,200 monthly. Source of energy is electric. This property comes with approved plans to expand, transforming it into a lucrative 13-apartment building, comprising one studio and twelve one-bedroom units. This expansion is supported by a generous Building Square Footage (BSF) of 8,658 sq ft, Floor Area Ratio (FAR) of 3.44, maximizing the development potential of the site. Annual taxes are $3,998, keeping operating costs manageable. One parking spot adds to the convenience. Located in the heart of the Bronx, this residence is a promising investment, offering both immediate rental income and substantial growth potential through development.

Features

9 bedrooms
3 bathrooms
1 carspace
3500 sq. ft. floor area
2520 sq. ft. lot size
Multi-Family

Property history for 2065 Valentine Avenue

2022
Sold
Undisclosed
15 Dec 2022

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Local market activity for 9 bedroom multi families in New York

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