453 E 181st St

New York NY 10457

3037 sq. ft.

1687 sq. ft.

Duplex

Currently for sale - view listing

Overview

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.

Features

8 bedrooms

5 bathrooms

3037 sq. ft. floor area

1687 sq. ft. lot size

Duplex

Property history for 453 E 181st St

2018

Sold

$750,000

13 Sep 2018 by Victor Garrido, of OWNew York Realty, LLC

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