House, 350 E 193rd Street #, Bedford Park-Fordham North - Real Estate New York

Description

Configuration: Two adjoining income-producing properties
Zoning: R4A
Total Rentable Rooms: 14 (6 in No. 350, 8 in No. 354)
Parking: 3-car garage, $250 each, $750/month total

Income Snapshot
August 2025 Gross Income: $12,974 per month (room rentals + garage)
Annualized Gross Income: ˜ $155,700
Operating Expenses: ˜ $2,850 per month includes water, sewer, electricity, gas, and insurance
Net Operating Income (NOI): ˜ $7,974 per month / ˜ $95,700 annually
Cap Rate: ~5.8%

Property Details
350 East 193rd Street
2½-story single-family home
Approx. 2,025 sq ft on a 3,658 sq ft lot
6 rentable rooms
354 East 193rd Street
2-family, 2½-story residence
Approx. 2,065 sq ft on a 5,000 sq ft lot
8 rentable rooms
Both buildings date to 1910 and retain classic Bronx frame-house character.

Investment Highlights
Turnkey Cash Flow: Established rent-by-room model with steady occupancy.
Additional Income Stream: Three garage spaces generate $750/month.
High-Demand Location: Close to Fordham University, shopping, dining, and multiple subway and bus lines.
Future Upside: Opportunity to update interiors, adjust room rents, or explore other residential configurations within R4A zoning.

Summary
Offered together for $2,100,000, 350 & 354 East 193rd Street present a rare chance to own two adjacent, fully rented properties with 14 rooms plus garage income. With gross monthly revenue approaching $13K and an NOI of nearly $96K, this portfolio delivers immediate returns and long-term growth potential in one of the Bronx’s most active rental markets. Listing courtesy of Weichert Properties ...
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