350-354 East 193rd Street

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 (ex-mortgage): $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.