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Multi Family 5+ in Bronx County
MLS Number878460
Address560 E 189th Street, Bronx, NY 10458 show map
Price$2,199,000 show mortgage calculator
Acres0.061937557392103
Year Built1910
Est. Sq. Footage0
Elementary SchoolPs 205 Fiorello Laguardia
Jr High-Middle SchoolThomas C Giordano Ms 45
High School
Estimated Taxes$54,437
Total Apt Units21
Remarks

560 E 189th Street -- offered for the first time in nearly five decades. 21-unit pre-war walk-up 1 block from legendary Arthur Avenue, a nationally celebrated destination for food, culture, and long-term neighborhood strength. Located on a prime corner lot, this standalone building enjoys exceptional natural light in nearly every unit, with windows on multiple exposures—offering bright, airy spaces rarely found in walk-ups. 18 income-producing units, 2 owner-occupied apartments, and 1 vacant unit, this building presents a rare blend of immediate cash flow and tangible upside. The vacant unit provides day-one leasing opportunity, while the owner-occupied apartments can be repositioned over time, creating additional value. Investors should note the opportunity for gradual yield growth through renovation, lease turnover, and improved management. A true generational hold in a location that supports durable income, low vacancy, and tenant retention. Just blocks from Fordham University, multiple hospitals, and transit corridors, the location delivers the fundamentals that matter: stability, scale, and street-level liquidity. You’re not just buying a rent roll—you’re acquiring a property in a demand-proven submarket, that has withstood multiple economic cycles and still has more to give. In a market where many deals require hope, this one simply requires vision.

Amenities

Walk Metro-North RR

This listing is Courtesy of BERKSHIRE HATHAWAY (516-741-3070).

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