2858 E 197th Street, Bronx, NY, 10461 | $998,000

Welcome to this beautifully renovated two-family home in the prime Pelham Bay Park location, offering exceptional space, versatility, and income-producing potential. This well-maintained property features a spacious two-bedroom apartment on the first floor with a sunroom/home office, a private rear deck, gleaming hardwood floors, an updated kitchen with modern cabinetry, and stainless steel appliances. The second-floor apartment also offers two generously sized bedrooms, a sunroom/home office, a renovated kitchen with quality cabinetry and stainless steel appliances, hardwood flooring throughout, and a private balcony. Adding even more value, the finished attic includes a one-bedroom apartment, while the finished basement offers an additional one-bedroom apartment, providing excellent flexibility for extended family, guests, or additional rental income. the entire property has been tastefully renovated and is move-in ready, featuring updated finishes throughout. Utilities include an oil boiler, two gas meters, and two electric meters. Outside, you'll find a one-car garage and a carport. Conveniently located near Pelham Bay Park, public transportation, shopping, schools, restaurants, and major highways, this exceptional property offers the perfect combination of comfort, convenience, and investment opportunity. Don't miss your chance to own this outstanding multi-family home in one of the Bronx's most desirable neighborhoods!

Features

  • Bedrooms: 6
  • Baths: 4 full
  • Style: A-Frame
  • Year Built: 1910
  • Garage: 1-car
  • Heating: Oil
  • Cooling: Wall/Window Unit(s)
  • Basement: Finished
  • Acreage: 0.06
  • Est. Taxes: $7,416
  • Elem. School: Baychester Academy
  • High School: Pelham Preparatory Academy
  • School District: Community District 11
  • MLS#: 1023311
  • Website: https://www.raveis.com
    /prop/1023311/2858e197thstreet_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 Century 21 Galvez   Phone: 718-409-6300

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
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  • 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

2858 E 197th Street, Bronx, NY, 10461

$998,000

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 $798,400 $798,400 $798,400
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 $618 $618 $618
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,409 $4,787 $6,630
Total Monthly Payment $5,119 $5,497 $7,340

* 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.