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506 E 188th StreetBronx, NY 10458

For Sale

$1,468,000

Smart Buyer Rebate $18,350

Excellent investment opportunity in the Belmont section of the Bronx. This fully occupied three-family property is currently rented to students, with leases in place through 2027, providing immediate and stable rental income for the next owner. Ideally located near Fordham University, Arthur Avenue, shopping, dining, and public transportation. A strong opportunity for an investor seeking a well-located, income-producing multifamily property with established tenancy already in place.

Listed by Lumnije Kacic

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EXIT Realty Private Client

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914-222-1000

Listed by Shtjefen Saljanin

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EXIT Realty Private Client

Last updated September 19, 2026

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Source: OneKey #1049044

Listing Facts

  • TypeMulti-family
  • NeighborhoodBelmont
  • Bedrooms10
  • Bathrooms3
  • Days on Prevu46
  • Taxes$6,958.68/year

Location

Mortgage Calculator

Listing History

09/15/2026
Listed by EXIT Realty Private Client
$1,468,000
  1. 09/15/2026$1,468,000
    Listed by EXIT Realty Private Client

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$14,680
Title Insurance
$6,606
Bank Attorney
$1,500
Mortgage Recording Tax
$22,607
Other Closing Costs
$4,000
Total
$53,393

Estimated closing costs are based on the list price of $1,468,000 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 506 E 188th Street

Exterior

Construction

  • Number Of Units Total: 3
  • Property Attached: Yes
  • Year Built: 1901
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,216
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.04
  • Lot Size Square Feet: 1,900

Financial

Taxes

  • Parcel Number: 03057-0024
  • Tax Annual Amount: $6,958.68
  • Tax Assessed Value: $71,040.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: High Ceilings

Rooms

  • Basement: Storage Space
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 10

Parking

Parking

  • Parking Features: On Street

Schools

Elementary School

  • Elementary School: Ps 59 Comm School Of Technology
  • Elementary School District: Bronx 10

High School

  • High School: Fordham High School For The Arts
  • High School District: Bronx 10

Middle or Junior School

  • Middle Or Junior School: Jhs 118 William W Niles
  • Middle Or Junior School District: Bronx 10

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 10 bedrooms and 3 bathrooms in this multi-family home at 506 E 188th Street.

What schools are nearby to 506 E 188th Street?

Nearby schools include the Ps 59 Comm School Of Technology Elementary School, Jhs 118 William W Niles Middle School, and Fordham High School For The Arts.

What are the annual taxes for 506 E 188th Street?

Annual taxes for this multi-family home are estimated at $6,958.

How does 506 E 188th Street compare to other multi-family homes in Belmont?

This multi-family home is listed 13% above the average price for multi-family homes in Belmont and has been on the market for 27 less days than the typical home in this area.

506 E 188th Street is a 10-bedroom, 3-bath multi-family home for sale in Bronx NY 10458. Available on Prevu for 46 days at $1,468,000. This home is located in Belmont. The median listing price for multi-family homes in this area is $1,314,000. Nearby schools include Ps 59 Comm School Of Technology Elementary School, Jhs 118 William W Niles Middle School, and Fordham High School For The Arts. Browse more multi-family home listings in Bronx.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

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.