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We have a rare find on the market, a beautiful detached multi-family property that was built in the 1970s, this legal two-family home lives like a three-family residence, offering excellent investment potential in the Baychester area of the Bronx. This area is known for its blend of single-family homes and apartments, which gives it a suburban feel within the city. The neighborhood offers a variety of amenities, including local restaurants, parks, and the Bay Plaza Shopping Center. It also benefits from convenient public transportation access via the 5 train. The public schools in this area are generally considered above average, and it is a diverse community. The property features original wood floors throughout the top two floors and receives abundant natural light. It is in original, well-maintained condition with solid construction. The upper two units each offer living room, dining room (which can be converted into an extra bedroom or create an open concept with kitchen) and three bedrooms, one full bathroom, and a half bathroom in the main bedrooms. The ground-floor unit has a separate entrance and includes one bedroom, one full bathroom, and direct access to the backyard from the kitchen. The property also offers an indoor garage for one vehicle with additional storage and it has a driveway for an additional parking for a second vehicle. Situated on a spacious double lot, the property provides ample outdoor space, perfect for creating a private oasis with a play yard, gazebo, and plenty of seating for a nice family BBQ. This property has great income potential from each unit and can be cosmetically updated to your liking and so lets's make it your next investment or your forever home! **2/10/2026 Accepted offer; Buyer signed contracts awaiting on sellers to sign**
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $820 | $820 | $820 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,743 | $6,235 | $8,636 |
| Total Monthly Payment | $6,688 | $7,180 | $9,581 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.