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Don't miss this legal 2-family property offers a rare 4-unit setup at desirable Pelham Bay area of the Bronx. This fully detached home sits on a 25×90 lot with a generous 20×58 building footprint. Both adjacent lots 2877 & 2881 Harrington Ave are for sale separately and asking 250K each, the house has no parking. The third floor features a spacious 4-bedroom, 1-bath unit, while the second floor offers a 3-bedroom, 1-bath layout—both with original kitchens, presenting excellent value-add potential. The first-floor front unit has been updated with a modern kitchen and bathroom and includes 2 bedrooms. The rear unit is a separate apartment with its own kitchen and full bath, adding flexibility for rental income or extended living. This property is ideal for investors or end-users seeking strong income potential with room to customize and increase value. Conveniently located near transportation, shopping, and local amenities. Call today to schedule your private viewing. It will be vacant by closing and sold with a paid DOB violation.
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Our Executive Mortgage Banker:
$1,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $880,000 | $880,000 | $880,000 |
| 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 | $688 | $688 | $688 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,928 | $5,347 | $7,367 |
| Total Monthly Payment | $5,741 | $6,160 | $8,180 |
* 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.