Description
WELCOME HOME to this rare package sale in the heart of Wakefield. 857 and 859 Penfield Street are two semi-detached brick 2-family homes on a single tax lot, so they must be sold together. The sale also includes 4709 Murdock Avenue, a separate lot with a 3-car garage. Both lots are zoned R4, giving a buyer 4 legal units, a garage, and room to grow in one purchase. Built in 1935, both Penfield buildings have classic brick and stone construction, hardwood floors, and good natural light throughout. Both are legal 2-family homes. 857 Penfield (electric stoves):1st floor: 1-bedroom, tenant occupied, $1,350/month2nd floor: Studio, vacant 859 Penfield (gas stoves):1st floor: 2-bedroom, tenant occupied, $1,650/month2nd floor: 2-bedroom, tenant occupied, $1,750/monthBasement: half bathroom, bonus room, mechanicals, and a separate exitAttic: additional storage Current rents total $4,750 per month and are below market value, so a buyer has room to increase income over time. The 859 tenants are month-to-month, and the 857 lease runs through December 31, 2026, which gives a buyer flexibility. The vacant studio can be rented right away or used by an owner-occupant. Major updates are already done, including a renovated roof and a new gas boiler. Owner pays heat and hot water. All tenants pay their own electric, and 859 tenants have individual gas meters. The Penfield lot includes the yard space. There is no alternate side parking on the street. The 3-car garage sits on its own 2,375 sq ft lot on Murdock Avenue. It needs repair work, but it offers off-street parking, garage rental income, or future development potential. The property is minutes from the 2 and 5 trains, the Wakefield MetroNorth station, and the Bronx River Parkway, with easy access to Westchester, shopping, and parks. This is an ideal opportunity for investors looking for steady income with upside, or for buyers who want to own and live in a multi-unit property. Schedule your viewing today!
Details
| MLS # | 1062333 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1935 |
| Days On Site | 20 |
| Listing Provided By | Exit Realty DKC | Justin Simmons |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,020 |
| Garage | 3 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.06 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Covered, Garage |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 43200 |
| Tax Annual Amount | 5726.64 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10470 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10470) | |
Price: $925,000 low | high Med: $759,250 sqft: 2,020 low | high Med: 2,805 $ / sqft: $458 low | high Med: $318 On site: 20 low | high Med: 268.5 | |
Market Activity 10470
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10470 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10470) | |
Price: $925,000 low | high Med: $759,250 sqft: 2,020 low | high Med: 2,805 $ / sqft: $458 low | high Med: $318 On site: 20 low | high Med: 268.5 | |
