5834 Fieldston Road
- Comp-Backed Pro Forma Rents
- Value-Add Through Renovation
- Low Tax Class 1 Burden
- Northwest Bronx Enclave
Property Description
Northeast Private Client Group, Inc. is pleased to present 5834 Fieldston Road, a four-unit multifamily property in the Riverdale–Fieldston section of the northwest Bronx, set on the wooded hills above the Hudson River and a short distance from Van Cortlandt Park. The property is offered at $1,500,000. Built in 1975, the building holds four residential apartments — two three-bedroom units and two two-bedroom units — in an established residential enclave known for tree-lined streets and a quieter, low-density feel uncommon in the five boroughs. The landlord covers water and sewer service for the property. The opportunity is a straightforward value-add: renovated units can be marked to pro forma rents of $4,200 for the three-bedrooms and $2,800 for the two-bedrooms, lifting income across the building to a pro forma gross scheduled rent of $168,000. Riverdale’s schools, parks, and commuter-rail access to Manhattan keep rental demand for the neighborhood consistent and deep. 5834 Fieldston Road offers a value-add multifamily investment in one of the Bronx’s most established residential neighborhoods — a clear runway to pro forma market rents and a low New York City tax class 1 burden. Please reach out to the deal contacts for more information.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,500,000 |
| No. of Units: | 4 |
| Year Built: | 1975 |
| Opportunity Zone: | No |
| Price per unit: | $375,000 |
| Property Website | Click Here |
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