Property
$2,199,0000.06 Acres16,500 sq ft
For Sale
For Sale
$2,199,0000.06 Acres
For Sale
16,500 sq ft

560 E 189th Street, Bronx, NY 10458 - Bronx County

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Property ID 24465557

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Multi Family - Bronx, NY

Description

560 E 189th Street -- offered for the first time in nearly five decades. 21-unit pre-war walk-up 1 block from legendary Arthur Avenue, a nationally celebrated destination for food, culture, and long-term neighborhood strength. Located on a prime corner lot, this standalone building enjoys exceptional natural light in nearly every unit, with windows on multiple exposures—offering bright, airy spaces rarely found in walk-ups.

18 income-producing units, 2 owner-occupied apartments, and 1 vacant unit, this building presents a rare blend of immediate cash flow and tangible upside. The vacant unit provides day-one leasing opportunity, while the owner-occupied apartments can be repositioned over time, creating additional value. Investors should note the opportunity for gradual yield growth through renovation, lease turnover, and improved management.

A true generational hold in a location that supports durable income, low vacancy, and tenant retention. Just blocks from Fordham University, multiple hospitals, and transit corridors, the location delivers the fundamentals that matter: stability, scale, and street-level liquidity.

You’re not just buying a rent roll—you’re acquiring a property in a demand-proven submarket, that has withstood multiple economic cycles and still has more to give. In a market where many deals require hope, this one simply requires vision.

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Environmental Factors

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Source:First Street
Listing provided by
Source: ListHub, MLS# 878460
Listing status: Active
Listing last updated: August 27, 2025 at 7:35 PM
Listing last checked: December 11, 2025 at 3:30 PM
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