Turn-Key 3-Family Brick Home in Bronxwood with Development Potential!
Welcome to this beautifully maintained full brick 3-family home located in the desirable Bronxwood section of the Bronx, near the Laconia and Gun Hill corridors. A perfect investment or live-in opportunity, this property is truly turn-key, offering immediate value with room for future growth.
The home features:
A fully finished basement unit with 2 bedrooms and 1 bathroom.
First floor: Spacious 2-bedroom, 1-bathroom apartment.
Second & third floors: Identical layouts with 3 bedrooms and 2 full bathrooms each.
Each unit boasts generous living space and has been meticulously cared for. The property is equipped with 4 brand new hot water heaters and 3 brand new furnaces, ensuring efficient and separate heating systems for each unit.
Additional highlights include:
Zoned R6, offering a potential development opportunity.
Two-car private driveway.
Recent brick pointing for a fresh exterior finish.
Proximity to shopping, public transportation, schools, and parks.
This is a rare chance to own a solid income-producing asset or a large multi-family for extended family living, with upside potential in one of the Bronx’s most sought-after neighborhoods.
Listed by Jampa Nyandak
·
Keller Williams Realty Group
·
914-713-3270
Last updated August 04, 2025
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Source: OneKey #848511
Listing Facts
TypeMulti-family
NeighborhoodOlinville
Bedrooms8
Bathrooms5
Days on Prevu146
Taxes$9,960.96/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
08/04/2025
Price Increased
$1,350,000
06/25/2025
Price Decreased
$1,250,000
06/02/2025
Price Decreased
$1,299,999
05/29/2025
Price Increased
$1,400,000
05/23/2025
Price Decreased
$1,350,000
05/01/2025
Price Increased
$1,399,999
05/01/2025
Price Decreased
$1,390,000
04/13/2025
Listed by Keller Williams Realty Group
$1,500,000
Estimated Closing Costs
Total
$49,865
Attorney Fees
$4,000
NYC Mansion Tax
$13,500
Title Insurance
$6,075
Bank Attorney
$1,500
Mortgage Recording Tax
$20,790
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,350,000 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 740 Adee Avenue
Exterior
Construction
Number Of Units Total: 3
Property Condition: Updated/Remodeled
Year Built: 2006
Construction Materials: Brick
Measurements
Building Area Total: 3,240
Building Area Units: Square Feet
Lot Size Acres: 0.04
Lot Size Square Feet: 1,883
Financial
Taxes
Parcel Number: 04547-0035
Tax Annual Amount: $9,960.96
Tax Assessed Value: $62,640.00
Tax Year: 2024
Interior
Features
Flooring: Hardwood
Interior Features: First Floor Bedroom, First Floor Full Bath, High Ceilings, Primary Bathroom, Natural Woodwork
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 5
Bathrooms Total Integer: 5
Bedrooms Total: 8
Parking
Parking
Parking Features: Driveway
Parking Total: 2
Schools
Elementary School
Elementary School: Contact Agent
Elementary School District: Bronx
High School
High School: Contact Agent
High School District: Bronx
Middle or Junior School
Middle Or Junior School: Call Listing Agent
Middle Or Junior School District: Bronx
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Sewer: Public Sewer
Water Source: Public
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