Keller Williams Realty Landmark - Patti Gottlieb
1/27
Listing Courtesy Of: Charles Rutenberg Realty, Inc., 516-575-7500, Ofoegbulam Igwe
Local Realty Services Provided By: Keller Williams Realty NYC Group
Overview
What It'll Cost
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$1,299,000
632 E 223rd Street, Bronx, NY 10466
7 Beds
4 Baths
3,280 sq ft
$1,299,000

632 E 223rd Street, Bronx, NY 10466

Estimation provided by Keller Williams Realty Inc.
7 Beds
4 Baths
3,280 sq ft
Active
For Sale
Keller Williams Realty Advantage Fair Housing

Property Description

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!

Property Details

Compare This Home
Overview
Property Type
Quadruplex
Property Size
3,280 sq ft
Year Built
1929
Days on Site
5 Days
HVAC
Baseboard, Oil
Parking
Yes
The Gottlieb Team
Keller Williams Realty Landmark
10301205388

Activity History

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Purchase Price: $1,299,000
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Price & Tax History

Date
Event
Price
03/21/2025
Listed
$1,299,000
(+430.2%)
10/26/1998
Sold
$245,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
$18,947
(+7.96%)
$151,549
Land 62,210 + Additions 89,339
2023
$17,550
(+1.92%)
$140,378
Land 66,799 + Additions 73,579
2022
$17,220
(+14.68%)
$269,550
Land 119,700 + Additions 149,850
2021
$15,016
$231,750
Land 119,700 + Additions 112,050
2020
$15,016
(+2.13%)
$237,600
Land 119,700 + Additions 117,900
2019
$14,703
(+15.57%)
$237,600
Land 119,700 + Additions 117,900
2017
$12,721
$107,983
Land 78,266 + Additions 29,717
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
The Gottlieb Team
Keller Williams Realty Landmark
10301205388

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