422 E 161st St
Bronx, NY 10451
Lender REO Sale | 422 East 161st Street · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- 5-Story, multifamily building
- 10,425 SF building on 2,520 SF lot
- Short walk to the Melrose Metro North Station providing access to Grand Central in under 20 minutes
- Featuring 10 residential units
- 28 ft of frontage on E 161st Street
EXECUTIVE SUMMARY
Bidding Starts: May 5th, 2025 at 1:00 pm
Starting Bid: $200,000
PROPERTY SNAPSHOT
• 5-Story, multifamily building
• Featuring 10 residential units
• 10,425 SF building on 2,520 SF lot
• 28 ft of frontage on E 161st Street
• Short walk to the Melrose Metro North Station providing access to Grand Central in under 20 minutes
Introducing a prime investment opportunity in the vibrant Melrose neighborhood of Bronx, New York: 422 E. 161st Street. This 5-story multifamily building boasts 10 residential units, offering a total of 10,425 SF of living space on a 2,520 SF lot. With 28 feet of frontage on E 161st Street, the property is just a short walk away from Melrose Metro North Station, providing easy access to Grand Central in under 20 minutes. Built in 1931, this well-maintained property presents a lucrative investment potential in a sought-after location. Featuring a mix of attractive apartments and generating an average rent of $1,715 per unit, 422 E. 161st Street is an opportunity not to be missed. The property's assessed value, tax rate, and other financial details make it a sound investment choice in the dynamic Bronx real estate market. Don't let this chance slip away to own a piece of the Bronx property market at 422 E. 161st Street.
Starting Bid: $200,000
PROPERTY SNAPSHOT
• 5-Story, multifamily building
• Featuring 10 residential units
• 10,425 SF building on 2,520 SF lot
• 28 ft of frontage on E 161st Street
• Short walk to the Melrose Metro North Station providing access to Grand Central in under 20 minutes
Introducing a prime investment opportunity in the vibrant Melrose neighborhood of Bronx, New York: 422 E. 161st Street. This 5-story multifamily building boasts 10 residential units, offering a total of 10,425 SF of living space on a 2,520 SF lot. With 28 feet of frontage on E 161st Street, the property is just a short walk away from Melrose Metro North Station, providing easy access to Grand Central in under 20 minutes. Built in 1931, this well-maintained property presents a lucrative investment potential in a sought-after location. Featuring a mix of attractive apartments and generating an average rent of $1,715 per unit, 422 E. 161st Street is an opportunity not to be missed. The property's assessed value, tax rate, and other financial details make it a sound investment choice in the dynamic Bronx real estate market. Don't let this chance slip away to own a piece of the Bronx property market at 422 E. 161st Street.
PROPERTY FACTS
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,425 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R8 - R8 - High density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 02382-0014 | Improvements Assessment | $125,833 |
| Land Assessment | $13,359 | Total Assessment | $139,192 |
