350 E 193rd St - Apartments FOR SALE


Bronx, NY 10458- Fordham Manor
$2,100,000 USD
646-286-1951
350 E 193rd St, Bronx, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/38
null | 4.55% Cap Rate

350 E 193rd St
Bronx, NY 10458
Fordham Manor


HIGHLIGHTS

  • High-Demand Location
  • Turnkey Cash Flow
  • 8811 square foot lot with R4A Zoning!

OVERVIEW

Bronx Assemblage | Income + Development Upside | 8,811 SF Lot Rare opportunity to acquire two contiguous income-producing properties at 350 & 354 East 193rd Street, Bronx, NY. The offering consists of a combined 8,811 SF across two adjoining lots with R4A zoning (0.75 FAR), providing approximately ±6,600 buildable SF as-of-right. Preliminary discussions with land use counsel indicate a viable pathway to rezoning to R6B or R7B, offering significant long-term development potential. The property is currently configured as a rent-by-room income model across both buildings, generating strong in-place cash flow. Income Snapshot: Current Rent Roll (August 2025): $12,974/month (including garage) Annual Gross Income: ~ $155,700 NOI: ~ $95,700 Cap Rate: ~4.6% Expenses are owner-reported and include utilities and insurance; excludes management, vacancy, and capital reserves. Property Breakdown: 350 E 193rd St: ~2,025 SF building on 3,658 SF lot (6 rooms) 354 E 193rd St: ~2,065 SF building on 5,000 SF lot (8 rooms) Total: 14 rentable rooms + 3 garage spaces ($750/month) Highlights: Rare two-lot assemblage In-place cash flow with upside As-of-right development potential Rezoning pathway for higher-density residential (buyer to verify) Proximate to Fordham University, Metro-North, B/D and 4 trains Properties can be delivered vacant Offering Price: $2,100,000 Seller is open to structuring owner financing for qualified buyers. **Featuring Some Enhanced photos

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

14

PRICE/UNIT

$150,000

CAP RATE

4.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

350-354 East 193rd Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,396 SF

ZONING

R4A

APN/PARCEL ID

03275-0035

ASK ABOUT THIS PROPERTY

Zak AbdullahWeichert PropertiesMore Info
646-286-1951

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Zak AbdullahWeichert PropertiesMore Info
646-286-1951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.