Bronx Assemblage | Income + Development Upside | 8,658 SF Across Two Contiguous Lots Rare opportunity to acquire two contiguous income-producing properties at 350 and 354 East 193rd Street, offered together for $1,890,000. The offering comprises three residential units currently configured with 14 rentable rooms, three garage spaces, approximately 4,090 SF of existing building area and 8,658 SF of combined land. Reported gross income is approximately $12,974 per month, or $155,688 annually, including garage income. Owner-reported operating expenses are approximately $34,200 annually, and 2026 real estate taxes are approximately $5,172 annually. Indicated NOI is approximately $116,316, producing an indicated cap rate of approximately 6.15%. Current R4A zoning permits 1.0 FAR on standard zoning lots and up to 1.5 FAR for qualifying residential sites. Preliminary discussions with land-use counsel indicate a potential pathway to R6B or R7B, subject to buyer verification, professional zoning analysis, and all required governmental approvals. Close proximity to Fordham University’s Rose Hill campus makes the property well positioned for student-oriented housing demand. The property is also convenient to Metro-North, the B/D and 4 subway lines, shopping and major Bronx corridors. The properties are currently occupied and may be delivered vacant. Seller financing may be considered for qualified buyers. **Featuring Some Enhanced photos