3312 Edson Avenue, Bronx, NY, 10469 | $1,300,000

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!

Features

  • Bedrooms: 7
  • Baths: 5 full
  • Laundry: Common Area, Laundry Room
  • Style: Duplex
  • Year Built: 1970
  • Garage: 1-car
  • Heating: Baseboard
  • Cooling: Attic Fan, Wall/Window Unit(s)
  • Acreage: 0.11
  • Est. Taxes: $9,835
  • Elem. School: Contact Agent
  • High School: Contact Agent
  • School District: Contact Agent
  • MLS#: 932591
  • Days on Market: 178 days
  • Website: https://www.raveis.com
    /eprop/932591/3312edsonavenue_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Jody ColtogironeBroker Associate

561.436.3728

Jody.Coltogirone@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

3312 Edson Avenue, Bronx, NY, 10469

$1,300,000

Jody Coltogirone

Broker Associate

William Raveis Real Estate

Phone: 561.436.3728

Jody.Coltogirone@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,040,000 $1,040,000 $1,040,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $820 $820 $820
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,824 $6,319 $8,706
Total Monthly Payment $6,769 $7,264 $9,651

* 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.