560 E 189th ST new Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10458
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 878460
Year Built 1910
Annual Tax Amount $54,437
Lot Size 2,692 Sqft
Property Sub-Type Multi Family
Property Description
560 E 189th Street -- offered for the first time in nearly five decades. 21-unit pre-war walk-up sits just off legendary Arthur Avenue, a nationally celebrated destination for food, culture, and long-term neighborhood strength.
8 income-producing units, 2 owner-occupied apartments, and 1 vacant unit, this building presents a rare blend of immediate cash flow and tangible upside. The vacant unit provides day-one leasing opportunity, while the owner-occupied apartments can be repositioned over time, creating additional value. Investors should note the opportunity for gradual yield growth through renovation, lease turnover, and improved management.
A true generational hold in a location that supports durable income, low vacancy, and tenant retention. Just blocks from Fordham University, multiple hospitals, and transit corridors, the location delivers the fundamentals that matter: stability, scale, and street-level liquidity.
You're not just buying a rent roll—you're acquiring a property in a demand-proven submarket, that has withstood multiple economic cycles and still has more to give. In a market where many deals require hope, this one simply requires vision.
Location
State NY
County Bronx County
Interior
Heating Oil
Cooling None
Flooring Hardwood,Other,Tile
Exterior
Parking Features Open
Fence Partial
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Connected,Trash Collection Public,Water Connected
View Neighborhood
Building
Lot Description Corner Lot,Near Public Transit,Near School,Near Shops
Story 5
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 205 Fiorello Laguardia
Middle Schools Thomas C Giordano Ms 45
High Schools Bronx 10
School District Bronx 10
Others
Special Listing Condition None