Welcome to this rare opportunity to own a fully detached, recently altered, spacious legal 3-family plus home in the heart of University Heights—offering abundant natural light, excellent ventilation, and exceptional living space on every floor.
This well-maintained property features:
First Floor: 3 bedrooms, 2 bathrooms
Second & Third Floors: Each with 4 bedrooms and 2 bathrooms and a full finished basement with outside entrance.
Each unit is thoughtfully designed for modern living, with open-concept layouts that seamlessly blend living, dining, and kitchen spaces. Updated in 2018, every unit includes beautiful wood floors, abundant natural light, and contemporary finishes such as recessed lighting and stainless steel appliances.
Additional features include a fully finished basement with a private entrance, perfect for extended living or recreational use, complete with a skylight and access to the backyard—an ideal space for outdoor enjoyment.
Situated in a vibrant and growing neighborhood, this home offers unmatched convenience—close to shops, parks, major highways, and public transportation only 2 blocks away. The community of University Heights is known for its accessibility and strong neighborhood feel, with ongoing development signaling strong future property value appreciation.
Whether you're an investor seeking steady rental income or a buyer looking to live in one unit while renting the others, this property offers exceptional flexibility and income potential. Recent renovations reduce immediate maintenance concerns, making it truly move-in ready. Selling with excellent paying tenants but 1 unit can be delivered vacant for the owner occupiers for the right price. Yearly income: $84,000 and expense: $11,979.
Bonus Opportunity: 1050 Morris Ave is also AVAILABLE FOR PURCHASE—great for buyers seeking portfolio expansion or multi-property ownership.
Don’t miss out on this prime investment opportunity in one of the Bronx’s most promising areas!
Listed by Shahed Ahmed
·
Andrew J. Freerks
·
917-246-7750
Last updated September 06, 2025
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Source: OneKey #885337
Listing Facts
TypeMulti-family
NeighborhoodUniversity Heights
Bedrooms11
Bathrooms6
Days on Prevu66
Taxes$5,891/year
Location
Mortgage Calculator
Listing History
08/04/2025
Price Decreased
$1,195,000
07/29/2025
Price Decreased
$1,249,000
07/03/2025
Listed by Andrew J. Freerks
$1,265,000
Estimated Closing Costs
Total
$45,231
Attorney Fees
$4,000
NYC Mansion Tax
$11,950
Title Insurance
$5,378
Bank Attorney
$1,500
Mortgage Recording Tax
$18,403
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,195,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 32 North Street
Exterior
Construction
Number Of Units Total: 3
Year Built: 1899
Construction Materials: Frame
Measurements
Building Area Units: Square Feet
Financial
Taxes
Tax Annual Amount: $5,891.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Common, Finished, Full, See Remarks, Storage Space, Walk-Out Access
Has Basement: Yes
Bathrooms Full: 6
Bathrooms Total Integer: 6
Bedrooms Total: 11
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
Water Source: Public
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Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.