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Browse All Bronx NY Between $2 Million - $3 Million Properties for Sale

$2,800,000
1037411 MLS
Fully renovated legal 8-unit free-market investment property! This turnkey, fully occupied property is situated in the Soundview/Parkchester area of the Bronx and offers strong existing income with exceptionally low owner expenses. The building consists of 7 studio apartments and 1 one-bedroom apartment, all free-market units. The entire property has been fully renovated with new finishes and systems throughout. The building is all electric, with tenants responsible for their own utilities. Each apartment features central heating and air conditioning through mini-split systems and its own dedicated hot water heater. Building features include 8 water heaters, 9 electric meters, parking can be utilized in the rear of the building with a shared driveway, and potential for additional parking income. Current rental income consists of 7 studios at $2,440 per month each and 1 one-bedroom apartment at $2,484 per month, generating total monthly income of $19,564 and annual gross income of $234,768. Annual operating expenses are approximately $18,500, including $7,000 in property taxes, $8,000 in insurance, $2,000 in water, and $1,500 in common electric. Current Net Operating Income is approximately $216,268 annually, representing an approximate 7.72% cap rate at the $2,800,000 asking price before any additional parking income. With tenants responsible for their own electric, heating, air conditioning, and hot water costs, owner expenses remain exceptionally low. A rare opportunity to acquire a fully renovated, fully occupied, income-producing multifamily property in the Bronx.

1265 Elder Avenue, Bronx

$2,350,000
1003030 MLS
Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Mixed-Use Building/Development Site With R7B Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8’ Ceilings, (3) 3 Br. Apts., 4 Stories, 5 Car Garage, Full Basement, Low Property Taxes, All New LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!! The Building Is Situated On A HUGE 6,000+ Sqft. Lot!!! Neighbors Include The Bronx Zoo, Starbucks, Chase Bank, TD Bank, Target, P.C. Richard & Son, CubeSmart Self Storage, Dunkin’, AutoZone, Burlington, T.J. Maxx, Skechers, Walgreens, Chick-fil-A, Auntie Anne’s, Krispy Kreme, White Castle, Midas, Five Below, Family Dollar, Aldi, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available) Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available) Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available) 5 Car Garage: $62,800 Ann. (Available) 10 Parking Spaces: $36,000 Ann. (Available) Pro Forma Gross Income: $234,800 Ann. Expenses: Oil: $4,000 Ann. Electric: $890 Ann. (Hallway Only) Insurance: $3,845 Ann. Taxes: $8,688 Ann. Water & Sewer: $2,823 Ann. Total Expenses: $20,496 Ann. Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)

365 E 197th Street, Bronx

$2,700,000
979716 MLS
Calling All Investors, Developers & End-Users!!! 12.75 Cap 22 Unit Bronx Apartment Building Package Just Off Westchester Ave. For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9’ Ceilings, (22) 3 Br. Apartments, 5 Stories, Large Rear Yards, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Properties Are Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Properties Are Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin’, CityMD, Shell, BP Gas, Foot Locker, Cookie’s Department Stores, McDonald’s, Burger King, Papa John’s, Domino’s, +++!!! These Properties Offer HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1209 Elder Avenue: Unit 1 (3 Br. Apt.): $6,600 Ann.; No Lease. Unit 2 (3 Br. Apt.): $23,757.24 Ann. Lease Exp.: 11/30/26. Unit 3 (3 Br. Apt.): $24,828.60 Ann.; Lease Exp.: 3/31/26. Unit 4 (3 Br. Apt.): $27,660 Ann.; Lease Exp.: 3/31/27. Unit 5 (3 Br. Apt.): $30,000 Ann.; Lease Exp.: 3/31/27. Unit 6 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 1/31/27. Unit 7 (3 Br. Apt.): $27,833.28 Ann.; Lease Exp.: 11/30/26. Unit 8 (3 Br. Apt.): $23,789.04 Ann.; Lease Exp.: 11/30/26. Unit 9 (3 Br. Apt.): $25,260 Ann.; Lease Exp.: 2/28/27. Unit 10 (3 Br. Apt.): $21,004.56 Ann.; Lease Exp.: 10/31/27. Unit 11 (3 Br. Apt.): $22,093.68 Ann.; Lease Exp.: 7/31/27. Gross Income: $256,697.04 Ann. 1215 Elder Avenue: Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27. Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27. Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26. Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26. Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266,388 Ann. Total Gross Income: $523,085.04 Expenses: Gas: $21,865.40 Ann. Oil: $20,092.61 Ann. Electric: $4,855.18 Ann. (Common Areas Only) Maintenance & Repairs: $11,000 Ann. Insurance: $20,000 Ann. Water & Sewer: $27,603.97 Ann. Taxes: $54,296.28 Ann. Total Expenses: $159,713.44 Ann. Net Operating Income (NOI): $363,371.60 Ann. (13.46% Cap!!!)

1209-1215 Elder Avenue, Bronx

$2,300,000
7 Beds 7 Baths 973202 MLS
Welcome to a home that feels like a world of its own. Tucked away on a private cul-de-sac in the prestigious Wave Hill section of Riverdale, 4725 Independence Avenue rises with quiet confidence on a lush 100 by 110 foot corner lot. A stream borders the property with two charming footbridges that cross it. The setting feels like an escape and remains perfectly connected to the rhythm of New York City. Step into the entry vestibule and the home opens with grandeur. A sweeping center hall sets the stage. To one side, a gracious living room with a wood burning fireplace draws you in with warmth and light and French doors that lead to the dining patio and the wide, level lawn. To the other side, a formal dining room stands ready for celebrations and evenings that stretch long into the night. The kitchen is the true heart of the home. A massive center island anchors the space. Quartz countertops, three sinks, and elite stainless steel appliances create a dream for any cook. Two Sub Zero refrigerators, a six burner Thermador stove, a Bosch oven, and two dishwashers make hosting effortless and impressive. A family room provides a relaxed everyday retreat. A separate den offers the option of a first floor guest suite with its own full bathroom. The layout balances comfort and privacy with ease. Upstairs, the master suite feels like a private sanctuary. A windowed dressing area with three closets, including one walk in, leads into a serene bedroom with its own private roof deck. Morning coffee here becomes a ritual. The master bathroom features a whirlpool tub and radiant heat floors. The finished walk out basement expands the home even further. A spacious recreation room welcomes movie nights and gatherings. A large private office allows for uninterrupted work. A half bathroom completes the level and adds everyday function. Outside, two separate multicar driveways and an attached garage provide rare convenience. The sprawling yard wraps the home in greenery and offers space for entertaining, play, or peaceful afternoons surrounded by nature. The location is ideal for several of the city’s most respected private schools, including Riverdale Country School and SAR Academy. Wave Hill’s botanical gardens and cultural programs are nearby. Metro North trains offer an easy and efficient commute into Manhattan. 4725 Independence Avenue is more than a home. It is an estate of warmth, scale, and serenity, beautifully renovated for modern living and rooted in timeless 1940s architecture. Homes of this caliber rarely come to market. When they do, they inspire immediate excitement. This is your opportunity to claim one of Riverdale’s most remarkable properties.

4725 Independence Avenue, Bronx

$2,499,999
959846 MLS
Introducing 1047 Morris Avenue, a newly developed brick six-family townhouse offering premium modern living, strong in-place income, and future upside in the fast-growing Concourse Village corridor. With approximately $180K in gross income and an estimated $165K NOI, the property delivers a solid ~6.5% cap rate and approximately 5.25% cash-on-cash return with 25% down at today’s favorable financing, making it a compelling opportunity for savvy investors seeking a high-quality, free-market asset. Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens—ideal for entertaining—while well-placed powder rooms offer added convenience. Bedrooms easily accommodate full furniture sets, and each unit is equipped with wall units providing efficient heating and cooling. The six-family configuration includes: • Two 2-bedroom / 1-bath units • Three 1-bedroom units • One studio apartment with ground-floor access The building also features parking for two additional vehicles, along with common laundry, a security camera system, and pet-friendly accommodations. Tenants pay their own utilities. Adding to the long-term value, the property is zoned R7-1, allowing for approximately 3,498 additional buildable square feet, presenting a meaningful development or expansion opportunity. Perfectly positioned in the Concourse section of the Bronx, the building is moments from playgrounds, supermarkets, restaurants, schools, and extensive transit options (4, B, D trains + Bx32, Bx19, Bx21, Bx33, M125). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient. Whether you’re an investor seeking strong income with upside or an owner looking for a modern, turnkey asset, 1047 Morris Avenue stands out as a premier opportunity in Concourse Village.

1047 Morris Avenue, Bronx

$2,995,000
958008 MLS
2520 Park Avenue presents a rare opportunity to acquire a strategically located Bronx property offering exceptional flexibility for both owner-users and developers. The site benefits from split zoning, allowing for multiple execution paths including continued industrial or commercial use, future repositioning, or residential and mixed-use redevelopment, subject to approvals. Located in the South Bronx / Mott Haven submarket, the property benefits from strong connectivity to Manhattan, the Major Deegan Expressway, Bruckner Boulevard, and surrounding Bronx neighborhoods. The area has experienced sustained investment momentum, with nearby rezonings, infrastructure improvements, and significant residential and mixed-use development activity supporting long-term value growth. For an end user, the property offers a foothold in a supply-constrained location with flexible use allowances. For a developer, it represents a compelling covered-land play with zoning that supports residential density while retaining industrial allowances where required. Comparable land sales in the immediate area underscore the strength of pricing and demand for sites with similar zoning characteristics. - Split zoning (M1-4 / R7X) offering flexibility for industrial, commercial, residential, or mixed-use strategies. - Attractive development upside with residential zoning allowing up to 5.0 FAR and manufacturing zoning up to 2.0 FAR. - Ideal for owner-users seeking long-term control in a supply-constrained Bronx location with future repositioning potential. - Strong South Bronx / Mott Haven location with proximity to Manhattan, Major Deegan Expressway, and Bruckner Boulevard. - Surrounded by active investment and redevelopment, supported by recent comparable land sales and neighborhood momentum. Featured Commercial Sales.

2520 Park Avenue, Bronx

$2,299,999
941143 MLS
Introducing 1845 Andrews Avenue, a newly developed brick five-family offering premium modern living and strong investment stability in the fast-growing University Heights corridor. With approximately $169K in gross income and an estimated $150K NOI, this building delivers a solid 6.3% cap rate, making it an attractive opportunity for savvy investors seeking a high-quality, free-market asset. Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens—ideal for entertaining—while well-placed powder rooms offer added convenience. Bedrooms in every unit easily accommodate full furniture sets, creating comfortable, livable spaces. Each unit comes with wall units that provide efficient heating and cooling. This five-family includes: • Two 3-bedroom units, with 1.5 Baths, one with private yard access • Two 1-bedroom units, one with an in-unit washer and dryer and private outdoor space • One 2-bedroom unit Perfectly positioned in Morris Heights/University Heights, the building is moments from playgrounds, supermarkets, restaurants, schools, and multiple transit options (4, B, D trains + Bx3/Bx18/Bx36). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient. Building Amenities: • Common Laundry on-site • Storage • Garage parking • Security camera system • Pet-friendly • Tenants pay their own utilities. Whether you're an end user seeking modern comfort or an investor pursuing a newly built, free-market asset with strong income, 1845 Andrews Avenue stands out as a premier offering in University Heights.

1845 Andrews Avenue, Bronx

$2,300,000
5 Beds 4 Baths 925803 MLS
Modern Architectural Masterpiece in Riverdale's Prestigious Estate Section Experience the perfect harmony of modern design, luxury, and tranquility in this one-of-a-kind contemporary residence, set within a private enclave in Riverdale's exclusive Estate Section. Ideally located just minutes from Metro-North, this exceptional home offers effortless access to Manhattan in under 25 minutes - the ultimate blend of suburban serenity and city convenience. A Striking Architectural Statement Approach this residence through sleek black-framed windows and doors that set the tone for the refined aesthetic within. The grand glass foyer, framed by double contemporary doors, welcomes you into an awe-inspiring space with soaring ceilings and a gallery-style entryway - ideal for showcasing an art collection. A dramatic floating staircase ascends through three levels of living space, illuminated by natural light streaming through walls of glass. Overhead, a double-height barrel-vaulted ceiling with exposed curved wood beams crowns the living room - a stunning architectural centerpiece that exudes warmth and sophistication. Refined Living & Entertaining The expansive living room features a wood burning fireplace and opens seamlessly into a year-round, glass-enclosed sunroom - creating the perfect setting for both intimate gatherings and grand entertaining. The formal dining room offers picturesque views of the lush, landscaped grounds and mature trees that surround the property, evoking a true sense of retreat. The gourmet chef's kitchen is beautifully appointed with a large center island, high-end finishes, and an inviting breakfast area with direct access to a private patio - ideal for alfresco dining. The main level also offers an intimate den or study, as well as a modern guest bedroom with an en-suite bathroom. Designed for entertaining, art, and music, this home's living room boasts excellent acoustics, making it a wonderful setting for musical performances. Private Quarters The upper level features three serene bedrooms and two luxurious full baths, including a spacious primary suite. The floor plan allows for an effortless conversion to a fourth bedroom, if desired. Versatile Lower Level The walkout lower level offers an additional guest suite with an en-suite bath, a den or playroom, and direct access to a second patio and level backyard - perfect for entertaining or creating a private outdoor sanctuary. Additional Highlights: - 5 bedrooms 4 full baths - Over 4,700 sq. ft. of interior living space - 10,400 sq. ft. landscaped lot - Two patios for outdoor entertaining - Quiet cul-de-sac location - Beautiful mature trees and curated gardens - Fireplace and sunroom for year-round comfort - Seasonal river views Every detail of this home reflects modern craftsmanship, architectural integrity, and refined taste. This extraordinary Riverdale residence offers a rare opportunity to live in contemporary elegance within one of New York's most coveted neighborhoods. Fun Fact: This home was featured in an episode of Law & Order: Criminal Intent (Season 3, Episode 1, 2003) as a residence designed by a renowned architect competing for the World Trade Center Memorial. Ladd Road was also featured in Season 1 of Divorce on HBO.

712 Ladd Road, Bronx

$2,650,000
5 Beds 6 Baths 886256 MLS
A Timeless Pre-War Estate in the Heart of Riverdale Over looking the Hudson River. Welcome to this exquisite pre-war residence, gracefully situated on the west side of Riverdale, New York. Built in 1935, this architecturally distinctive home features a classic slate roof and beautifully crafted stone façade, radiating a rare Renaissance-inspired charm. Inside, you'll find a harmonious blend of old-world elegance and modern Italian-European design. The grand living room is a showstopper, boasting a soaring vaulted cathedral ceiling with exposed beams, oversized architectural windows, and sweeping views of the Hudson River. Whether you're admiring the changing seasons or gathering by the wood-burning fireplace, the space offers warmth, beauty, and grandeur year-round. The heart of the home is its expansive open-concept living area. Just off the foyer, a serene sitting room or library offers a quiet retreat. The open dining area leads seamlessly into a sleek, modern kitchen outfitted with high-end appliances and sophisticated finishes. With two ovens, two dishwashers, two microwaves, and a center island with dual sinks, the kitchen is a dream for home chefs and entertainers alike. The adjacent eat-in area overlooks the resort-like backyard, complete with a sparkling pool, manicured gardens, and a spacious patio—your own private oasis ideal for year-round entertaining. This spacious home spans four levels and features five luxurious bedrooms, four full bathrooms, and two half baths—offering abundant space and comfort for family and guests. The second level houses four bedrooms and three full baths, two of which are en-suite. The entire third floor is dedicated to the expansive primary suite, offering unparalleled privacy, a personal workspace, a private terrace, and a serene spa-like bathroom with tranquil views. The fully finished lower level enhances the home’s versatility with a large recreation room/den, a dedicated home office, a fitness room, and a half bath. A walk-in pantry, additional refrigerator/freezer space, and an oversized storage closet provide exceptional functionality. Located in one of Riverdale’s most sought-after neighborhoods, this home offers the perfect balance of privacy, elegance, and convenience. Enjoy close proximity to parks, top-rated schools, and dining, with a quick commute to Manhattan—just under 30 minutes to Grand Central via Metro-North. Don’t miss this rare opportunity to own a distinctive piece of Riverdale history, masterfully updated for modern living. Taxes are $22,121/year

800 W 231st Street, Bronx

$2,300,000
869175 MLS
Welcome to 3243 Ampere Avenue—a fully renovated and move-in ready property nestled in the highly desirable Country Club neighborhood of the Bronx! This versatile property is currently being used as a church, featuring a spacious upstairs sanctuary that comfortably seats approximately 300 to nearly 500 attendees. It’s perfect for worship services, community events, or any large gatherings you envision. Downstairs, you’ll find a banquet hall that mirrors the flexibility of the upstairs space. Imagine hosting wedding receptions, repasts, business conferences, or transforming it into a daycare center, after-school program, or meeting space. The open layout and multiple bathrooms on each level make it easy to customize for community outreach, educational programs, or event rentals. Its prime location in the sought-after Country Club neighborhood provides excellent accessibility and visibility. Situated near major highways, public transportation, and local amenities like the Cross County Shopping Center, this property is perfectly positioned to serve both the local community and visitors from across the Bronx and beyond. The property’s flexible zoning, generous seating capacity, and fully updated interiors mean you can bring your vision to life right away—no renovations needed. Whether you’re expanding your ministry, launching a new business, or seeking an investment property with endless potential, this is an opportunity you won’t want to miss. Don’t wait—schedule your private tour today and discover all the possibilities that await at 3243 Ampere Avenue!

3243 Ampere Avenue, Bronx

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