Legal 2-family house
?? $6,800/month in-place rent roll + 1BR vacancy
Low expenses. Strong income. Immediate upside.
Solid paying tenants producing $6,800/month
1-bedroom currently vacant (value-add opportunity)
Annual property taxes only $8,211 — significantly lower than most 4-family comps
Zoned NYC R4 (future appreciation + reclassification potential)
Major Upside Opportunities:
1?? Convert existing garage into additional bedroom ? turn vacant 1BR into 2BR
2?? Reconfigure basement studio into 1BR or possibly 2BR
3?? Increase rent roll and elevate asset classification over time
Perfect for investors looking to push rents while locking in long-term appreciation.
?? Prime Throgs Neck Location
Steps to Bicentennial Veterans Memorial Park
Short walk/bike to Pelham Bay Park & Orchard Beach
Access to private beaches + active neighborhood associations
Top-rated public, private & charter school options nearby.
?? Express Bus to Manhattan — short walk
? Ferry — 7 min drive
?? 1-fare subway access
Easy bridge access to Queens
This is a rare opportunity to own a 4-unit asset with:
? Strong in-place income
? Clear value-add path
? Low property taxes
? Waterfront community lifestyle (no flood insurance required)