235 E 196th St, Bronx, NY 10458

235 East 196th Street, The Bronx - Team Lala of RM Friedland is pleased to exclusively present this 40-unit multifamily building located in the Bronx's Bedford Park.

Built in 1922 and classified as Over Six Families without Stores (C1), the property is a five-story walkup comprising 40 residential apartments across approximately 38,500 gross square feet. It is situated on a 9,100 square foot parcel within an R7B zoning district.

The subject property is constructed of all-brick and features replacement windows throughout, along with steel and marble staircases. Mechanical systems include a boiler installed in 1977 with a dual-fuel burner (operating on 100% gas). All boiler return lines have been replaced and are presently exposed. Additionally, there is a 3,000-gallon above-ground tank housed in a dedicated tank room. The roof is currently being repaired and resurfaced. The electrical system consists of individual meters with circuit breakers, and gas meters are located in each apartment.

Residents benefit from strong transportation access, including nearby subway service about two blocks away at Kingsbridge Road, along with multiple bus lines serving the Bedford Park neighborhood, providing convenient commuter access to Manhattan and surrounding areas.

The surrounding area features established neighborhood retail corridors with grocery stores, pharmacies, dining options, schools, healthcare facilities, parks, and recreational spaces, supporting consistent rental demand.

With 40 units in Bedford Park, this offering may be one of the most competitively priced rent-stabilized assets in the Bronx on a price-per-unit basis. Its scale and strong transit access make it a compelling long-term investment in a consistently in-demand rental market.

*All figures are pro forma. With over 400 violations, the property is being offered as-is, presenting an operational reset opportunity inclusive of any existing collection and compliance matters.