859 Penfield ST Bronx, NY 10470
Open House
Sat Oct 17, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Wakefield
MLS Listing ID 1062333
Bedrooms 5
Full Baths 4
Rental Info No
Year Built 1935
Annual Tax Amount $5,726
Lot Size 2,648 Sqft
Acres 0.0608
Property Sub-Type Quadruplex
Source onekey2
Property Description
Built in 1935, both Penfield buildings have classic brick and stone construction, hardwood floors, and good natural light throughout. Both are legal 2-family homes.
857 Penfield (electric stoves):
1st floor: 1-bedroom, tenant occupied, $1,350/month
2nd floor: Studio, vacant
859 Penfield (gas stoves):
1st floor: 2-bedroom, tenant occupied, $1,650/month
2nd floor: 2-bedroom, tenant occupied, $1,750/month
Basement: half bathroom, bonus room, mechanicals, and a separate exit
Attic: additional storage
Current rents total $4,750 per month and are below market value, so a buyer has room to increase income over time. The 859 tenants are month-to-month, and the 857 lease runs through December 31, 2026, which gives a buyer flexibility. The vacant studio can be rented right away or used by an owner-occupant. Major updates are already done, including a renovated roof and a new gas boiler. Owner pays heat and hot water. All tenants pay their own electric, and 859 tenants have individual gas meters.
The Penfield lot includes the yard space. There is no alternate side parking on the street. The 3-car garage sits on its own 2,375 sq ft lot on Murdock Avenue. It needs repair work, but it offers off-street parking, garage rental income, or future development potential.
The property is minutes from the 2 and 5 trains, the Wakefield MetroNorth station, and the Bronx River Parkway, with easy access to Westchester, shopping, and parks. This is an ideal opportunity for investors looking for steady income with upside, or for buyers who want to own and live in a multi-unit property. Schedule your viewing today!
Location
State NY
County Bronx County
Rooms
Basement Partially Finished, Storage Space, Unfinished, Walk-Out Access
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Covered, Garage
Garage Spaces 3.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Garage true
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Contact Agent
Others
Senior Community No
Special Listing Condition None
Nearby Locations
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