350 & 354 East 193rd Street – Fordham, Bronx Asking Price: $2,100,000 Configuration: Two adjoining income-producing properties Zoning: R4A Income Snapshot Gross Monthly Income (Aug 2025): $12,974 (rooms + garage) Annualized Gross Income: ˜ $155,700 Operating Expenses: ˜ $2,850/month (water, sewer, electricity, gas, insurance) Net Operating Income (NOI): ˜ $7,974/month | ˜ $95,700/year Cap Rate: ~5.8% Property Details 350 East 193rd Street 2½-story single-family home Approx. 2,025 sq ft residence on a 3,658 sq ft lot 6 rentable rooms 354 East 193rd Street 2-family, 2½-story residence Approx. 2,065 sq ft residence on a 5,000 sq ft lot 8 rentable rooms Combined, these properties encompass 8,658 sq ft of land—an unusually large footprint for this dense Fordham neighborhood. Investment Highlights Land Value & Scarcity: Together, the two parcels total nearly 0.2 acres, and there are no comparable development-size lots within a one-mile radius, underscoring their intrinsic land value and future redevelopment potential. Turnkey Cash Flow: Proven rent-by-room model with steady occupancy delivers immediate income. Additional Revenue: Three garage spaces earn $750/month. High-Demand Location: Minutes to Fordham University, major shopping corridors, dining, and multiple subway and bus lines. Future Upside: Renovate interiors, adjust room rents, or explore alternative residential configurations permitted under R4A zoning. Summary Offered together for $2,100,000, 350 & 354 East 193rd Street represent a rare opportunity to acquire two contiguous income properties on nearly 8,700 sq ft of land in the heart of the Bronx. With gross monthly revenue approaching $13,000 and an NOI near $96,000, investors gain both immediate cash flow and exceptional long-term land value in one of New York City’s most supply-constrained submarkets.