914 Pelham Parkway S

BRONX, NY
$ 890,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

HANDY MAN SPECIAL: There are those who say the most valuable attribute to a property is location location location. NOT TRUE. The most valuable attribute to an investment property is its HIGHEST AND BEST USE. and maximizing the income the property can produce. Such is the case of this R6 ZONED MULTI-FAMILY USE PROPERTY that is situated on Pelham Phwy South ripe for the pickings at a sacrifice price of $890,000. Although we recommend that an Architect be consulted, we read the R6 zoning to allow for the properties foot print to be used as a 6-8 family multi-family complex with a projected gross income for one bedroom rental units (8) at $1800 each or a yearly income of $172,800. So when Realtors tell you the value of an investment property is location location location tell them, no its not it Highest & Best Use, Highest & Best Use, Highest & Best Use. In the case of 914 Pelham Pkwy South, you have the best of both, Location and Highest and Best Use as a small apartment house.

Commercial

  • Price
  • $ 890,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1933
  • Half Bathrooms
  • 0
  • City, Zip
  • BRONX
  • County
  • BRONX
  • Style
  • Mixed Use
  • Area
  • Bronx
  • MLS#
  • H6143771
  • Zip
  • 10462
Listing Provided by: Richard Greco with Richard Greco Real Estate
Data Source: Hudson Gateway MLS (HGMLS) - 1 - NY

Features

General

Building Area Units Square Feet
Construction Materials Block, Brick
Cooling Window Unit(s)
Elementary School District City of New York
Heating Natural Gas, Hot Water
High School District City of New York
Hot Water Gas Stand Alone
Location Description First Floor, Second Floor
Middle/Junior School District City of New York
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Total Units 2
Village None
Zoning Description R6

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Lot Size Units Acres
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Corona, NY office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/20/2021 Listed $890,000

Property vs Zip Code Average in 10462

Price
AVG $220K
$890K
Visits
AVG 11
17
Year Built
AVG 1940
1933
Walkscore
AVG 92
86
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

914 Pelham Parkway S BRONX, NY is a Single Family Home for sale at $890000 and a lot size of Acre(s). 914 Pelham Parkway S BRONX has 0 bedrooms, 0 baths and was built in 1933. The property's zip code is 10462 which is in BRONX, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.