5,220 sqft

$2,350,000

365 E 197th Street, Bronx NY, 10458

Price per sqft$450.19

Built in1930

Property size5,220 sqft

Property typeCommercial

Courtesy of All Island Estates Realty Corp, Richard Matt Shane Listing Contact: 516-783-5600

Overview

Active

Listed May 21, 2026

Updated Aug 21

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!!!)

Additional information

MLS^® ID: 1003030

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.14 Acres

Other Property Details

Taxes: $8,688
Tax Frequency: Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 9:30 PM UTC on 8/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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