MLS#1002226
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBronx 7
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 residential units, including four expansive 5-bedroom, 2-bathroom apartments and one ground-floor 2-bedroom, 2-bathroom unit. The building's large layouts provide strong rental demand and excellent long-term income-producing potential.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 thoroughfares, this stone and brick asset represents an ideal addition to any investor's portfolio. The property is also located within an R7A zoning district, allowing for approximately 2,676 square feet of additional
Property Features
Property Type: Commercial -
Basement: Finished, Full, Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $21,308
Year Built: 1910
Feature Descriptions
Appliances: Convection Oven, Cooktop, Gas Cooktop, Gas Oven, Gas Range, Oven, Gas Water Heater
Building Area Total: 7400
Building Features: Walk Up
Days on Site: 1
Exterior: Stone
Fencing: Back Yard, Perimeter
Flooring: Hardwood, Tile, Vinyl
Fuel Expense: 0
Heating Units: 5
Heating Zones: 5
Lot Features: Back Yard
On Market Date: 2026-05-20
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
Local Schools
School District: Bronx 7
Listed By / Shown By
Listing By
Agency Name: Houlihan Lawrence Inc.
Agency Contact: 914-337-0400
Shown By
Agent Name: Robert Batuyios
Agent Phone: (631) 331-9700
Agency Title: Coldwell Banker American Homes
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309 Bedford Park Boulevard | MLS# 1002226
This commercial 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 7 school district. Search Bronx real estate on robertbatuyios.cbamhomes.com today.