338 E 234th Street, Bronx, NY, 10470 | $1,495,000

Discover this exceptional new construction two-unit residence located in the highly sought-after Woodlawn neighborhood. Thoughtfully built and designed for modern living, this property spans an impressive 2, 760 sq ft, offering both space and comfort for homeowners and investors alike. This residence is a duplex featuring a 4-bedroom, 2-bath unit over another 4-bedroom, 2-bath unit, for a total of 8 bedrooms and 4 full bathrooms. The layout is ideal for multi-generational living, owner-occupancy with rental income, or a full investment strategy. Each unit has been crafted with meticulous attention to detail, delivering a bright, functional, and contemporary living experience throughout. The home also includes a fully finished basement, perfect for additional recreational space, storage, or future customization to suit your needs. Adding to its appeal is a private driveway, providing convenient and secure off-street parking — a highly valuable feature in this desirable Bronx neighborhood. With its prime Woodlawn location, generous layout, and modern construction, this two-unit property presents a rare opportunity for both lifestyle and long-term value. Income & Investment Potential - This property offers excellent cash-flow potential in today’s Bronx rental market. Each spacious 4-bedroom unit can command approximately $4, 000–$4, 500 per month, resulting in a combined estimated rental income of $8, 000–$9, 000 per month (approximately $96, 000–$108, 000 annually). Buyers have the flexibility to live in one unit while renting the other to offset mortgage costs, or rent both units for steady income. Rental Services Available - Our team provides full rental services after purchase, making it easy for buyers to transition seamlessly into ownership while generating income. Whether you’re an end-user or an investor, this home allows you to build equity, live comfortably, and profit at the same time.

Features

  • Bedrooms: 8
  • Baths: 4 full
  • Style: Other
  • Year Built: 2025
  • Heating: Electric, Other
  • Cooling: Central Air
  • Basement: Finished
  • Est. Taxes: $8,921
  • School District: Bronx
  • MLS#: 961007
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /eprop/961007/338e234thstreet_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.Listing courtesy of WW Realty Group Inc   Phone: 917-319-8892

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.

Customer Service

888.699.8876

Contact@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.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@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

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

338 E 234th Street, Bronx, NY, 10470

$1,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,196,000 $1,196,000 $1,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 5.973% 5.858% 5.681%
Monthly Tax Payment $743 $743 $743
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,420 $6,980 $9,772
Total Monthly Payment $7,288 $7,848 $10,640

* 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.