Dennis Barr - John J Lease Realtors Logo
$2,350,000
( $450.19Per Sq Foot )
 $12,615 est/mo Sourced by Back At You

365 E 197th Street,Bronx, NY 10458

Bronx, NY 10458

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Description

Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Mixed-Use Building/Development Site With R7B Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8’ Ceilings, (3) 3 Br. Apts., 4 Stories, 5 Car Garage, Full Basement, Low Property Taxes, All New LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!! The Building Is Situated On A HUGE 6,000+ Sqft. Lot!!! Neighbors Include The Bronx Zoo, Starbucks, Chase Bank, TD Bank, Target, P.C. Richard & Son, CubeSmart Self Storage, Dunkin’, AutoZone, Burlington, T.J. Maxx, Skechers, Walgreens, Chick-fil-A, Auntie Anne’s, Krispy Kreme, White Castle, Midas, Five Below, Family Dollar, Aldi, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available) Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available) Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available) 5 Car Garage: $62,800 Ann. (Available) 10 Parking Spaces: $36,000 Ann. (Available) Pro Forma Gross Income: $234,800 Ann. Expenses: Oil: $4,000 Ann. Electric: $890 Ann. (Hallway Only) Insurance: $3,845 Ann. Taxes: $8,688 Ann. Water & Sewer: $2,823 Ann. Total Expenses: $20,496 Ann. Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)

Details

MLS #1003030
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1930
Days On Site95
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet5,220
ZoningR7B
Acreage0.14

Interior

CoolingNone
HeatingOil

Exterior

Construction MaterialsBrick, Frame

Utilities

UtilitiesSewer Available, Water Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value60720
Tax Annual Amount8687.8

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10458
School DistrictBedford Park Elementary School
Elementary SchoolBedford Park Elementary School
Listing VS Median (in 10458)
Price:
$2,350,000
low | high
Med:
$650,000
100% of Average
sqft:
5,220
low | high
Med:
2,664
98.965517241379% of Average
$ / sqft:
$450
low | high
Med:
$244
95.802185163887% of Average
On site:
95
low | high
Med:
155
61.290322580645% of Average
Sourced by Back At You

Market Activity 10458

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Learn More About This Property

Dennis Barr

Dennis Barr

John J Lease REALTORS

 (845) 527-5125dennybarr@johnjleaserealtors.com
StateNY
CountyBronx County
CityBronx
Zip Code10458
School DistrictBedford Park Elementary School
Elementary SchoolBedford Park Elementary School
Listing VS Median (in 10458)
Price:
$2,350,000
low | high
Med:
$650,000
100% of Average
sqft:
5,220
low | high
Med:
2,664
98.965517241379% of Average
$ / sqft:
$450
low | high
Med:
$244
95.802185163887% of Average
On site:
95
low | high
Med:
155
61.290322580645% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.762M - $2.937M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
330 E 198th Street Property Photo 1
$1,150,000
330 E 198th Street
Bronx, NY 10458
260 E 197th Street Property Photo 1
$1,500,000
260 E 197th Street
Bronx, NY 10458
Listing Updated: July 9, 2026 at 3:29:53 PM PDT

Dennis Barr - John J Lease Realtors