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93 E 233rd St 7 Unit Apartment Building $875,000 ($125,000/Unit) 7% Cap Rate Bronx, NY 10470
Executive Summary
Positioned in the vibrant and commuter-friendly Woodlawn section of the Bronx, 93 E 233rd Street is a rare value-add opportunity with classic charm and strategic potential.
This 3-story, pre-war multifamily building features 7 spacious units across 4,875 square feet of rentable space. Zoned R-5 with a 2.22 FAR, the property sits on a 25.17 x 86.17 ft lot, offering excellent upside for long-term investors or owners looking to reposition.
With historically low taxes, steady rental income, and proximity to key transit routes, this property offers a compelling investment in one of the Bronx’s most stable rental markets.
This 3-story, pre-war multifamily building features 7 spacious units across 4,875 square feet of rentable space. Zoned R-5 with a 2.22 FAR, the property sits on a 25.17 x 86.17 ft lot, offering excellent upside for long-term investors or owners looking to reposition.
With historically low taxes, steady rental income, and proximity to key transit routes, this property offers a compelling investment in one of the Bronx’s most stable rental markets.
Property Facts
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7% | Building Size | 4,875 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | R5, Bronx (C1) | ||
| Price | $875,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,875 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Zoning | R5, Bronx (C1) |
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Transit Score®
Excellent Transit (76)
Property Taxes
| Parcel Number | 03365-0057 | Improvements Assessment | $176,145 |
| Land Assessment | $2,757 | Total Assessment | $178,902 |
Property Taxes
Parcel Number
03365-0057
Land Assessment
$2,757
Improvements Assessment
$176,145
Total Assessment
$178,902
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93 E 233rd St
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