854 E 229th Street, Bronx, NY OTHER
Double-track value: Keep the existing cash-flowing 3-family while planning and building a second 3-fa on the same lot, creating two revenue streams and maximizing FAR for the parcel. Immediate income + upside: Existing tenants provide instant NOI while a new build captures additional long-term rental revenue or a quick value-add resale. Four private garages. Shared lot reduces acquisition costs per unit compared with buying separate properties; development costs concentrated on one parcel. Stron…
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