Price Reduced Listing
Description
Here it is! 1661 East 172nd Street stands as a rare gem in the Bronx - a truly massive 3 Family with a Commercial Space property that doesn't come along every day. This substantial income-producer delivers immediate cash flow with four spacious living units, a dedicated office space, and an enormous basement brimming with possibilities.On the first floor you'll find a generous three-bedroom, one-bath unit. The second floor features two separate units: a large four-bedroom and a three-bedroom, each with its own full bathroom. A side unit adds another three-bedroom, one-bath residence, rounding out the four-family layout. Every unit is currently occupied by excellent, long-term tenants, providing rock-solid rental income right from day one.Beyond the living spaces, the massive basement offers endless potential - perfect for the next owner to add their personal touch with cosmetic upgrades and turn it into additional living area, storage, or even a standout recreational space. While the property is already well-maintained and delivering strong returns, it's primed for someone ready to inject their vision and unlock even greater value.Located in one of the Bronx's hottest markets, this investment opportunity sits just steps from the 6 train and convenient bus lines (Bx11 and Bx4), while also being close to parks, schools, and everyday shopping. With proven rental demand and a strong history of performance, 1661 East 172nd Street is a true money-maker that promises impressive long-term upside for savvy investors. Don't miss your chance to own this standout multi-family in a prime location.
Details
| MLS # | 1028415 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 43 |
| Listing Provided By | eXp Realty | Manuel Galan |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,800 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.06 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas, Radiant |
| Interior Features | First Floor Bedroom, First Floor Full Bath, High Ceilings, Natural Woodwork, Storage |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Attached, Private |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 358200 |
| Tax Annual Amount | 29457 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10472 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10472) | |
Price: $1,179,999 low | high Med: $999,900 sqft: 4,800 low | high Med: 3,685 $ / sqft: $246 low | high Med: $271 On site: 43 low | high Med: 456 | |
Market Activity 10472
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10472 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10472) | |
Price: $1,179,999 low | high Med: $999,900 sqft: 4,800 low | high Med: 3,685 $ / sqft: $246 low | high Med: $271 On site: 43 low | high Med: 456 | |
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