309 Bedford Park Boulevard , Bronx, NY 10458

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Property Description

Welcome to your next investment opportunity! Located in the desirable Bedford Park/Norwood section of the The Bronx, this well-maintained 4-story stone and brick multifamily building presents an exceptional investment opportunity. Spanning approximately 7,400 square feet, the property consists of 5 oversized market rent residential units, including three expansive 5-bedroom, 2-bathroom apartments, one 4-bedroom, 2-bathroom unit and one ground-floor 2-bedroom, 2-bathroom unit. The large layouts provide strong rental demand and excellent long-term income-producing potential. All units are market rent with yearly leases ending in March 2027. Owner offering owner financing at a 6% rate with 15% down payment with good credit. Will consider all offers. Approximately 8 years ago, the property underwent a full gut renovation with extensive upgrades completed throughout the entire building. Improvements included new drywall, upgraded electrical systems and fixtures, renovated kitchens and bathrooms, upgraded windows, a new roof, new furnaces and hot water heaters, updated heating elements, and new gas piping. These renovations significantly modernized the property while enhancing operational efficiency and reducing future maintenance exposure.Ownership has continued to meticulously maintain and improve the building since the renovation. All utilities are fully separated, with each unit featuring its own individual gas furnace and separate hot water heater, totaling 5 independent heating systems throughout the property. Additional capital improvements include newly installed concrete and drainage piping completed just 2 years ago, further strengthening the building's infrastructure and long-term reliability.The property has also benefited from proactive upgrades completed in anticipation of evolving NYC building requirements. Ownership recently installed a new sidewalk curb valve for emergency water shutoff access, professionally de-clogged the main water line, and installed new shutoff valves in the utility room to improve operational functionality and management efficiency.The building offers additional upside and future income growth potential. The 1st, 2nd, and 3rd floor units are currently occupied by a daycare operation, providing stable occupancy with the possibility to further increase cash flow depending on future leasing strategy and use configuration.Combining strong building systems, oversized unit layouts, and a prime Bronx location near transportation, shopping, schools, parks, and major thoroughfar

309 Bedford Park Boulevard | MLS# 1065198

This multi-family property located at 309 Bedford Park Boulevard , Bronx, NY 10458 is currently listed for sale with an asking price of $3,500,000. Bedford Park Boulevard is located within the Bronx 10 school district. Search Bronx real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, See Remarks, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Hot Water, Natural Gas
Lot Size: 0.06 Acres
Taxes: $21,412
Year Built: 1910

Amenities

High Ceilings
Storage
Walk-In Closet(s)

Feature Descriptions

Building Area Total: 7400
Cap Rate: 6
Days on Site: 3
Exterior: Brick, Stone
Fencing: Back Yard, Perimeter
Flooring: Ceramic Tile, Concrete, Hardwood, Laminate, Wood
Fuel Expense: 0
Heating Units: 5
Heating Zones: 5
Laundry: Common Area
Lot Features: Back Yard
On Market Date: 2026-10-28
Parcel Number: 03292-0067
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Security Features: Building Security, Fire Escape, Other, Smoke Detector(s)
Seller Concession: Yes
Separate Electric Meters: 6
Separate Gas Meters: 5
Sewer: Public Sewer
Special View Info: Neighborhood
Units: 5
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Window Features: Aluminum Frames, Casement, Double Pane Windows, Screens

Local Schools

High School: Belmont Preparatory High School
Middle School: Jhs 80 Mosholu Parkway (The)
Elementary School: Ps/Ms 20 Po George J Werdan Iii
School District: Bronx 10

Estimate Your Payment

Estimated Payment

$ 10,594.65 per month $7,789.48 Principal & Interest $1,784.33 Property Tax $1,020.83 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Houlihan Lawrence Inc.
Agency Contact: 914-337-0400

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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