Ari Brahelika
Call: (646) 321-4498
Text: (646) 321-4498
MLS#1062333
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
WELCOME HOME to this rare package sale in the heart of Wakefield. 857 and 859 Penfield Street are two semi-detached brick 2-family homes on a single tax lot, so they must be sold together. The sale also includes 4709 Murdock Avenue, a separate lot with a 3-car garage. Both lots are zoned R4, giving a buyer 4 legal units, a garage, and room to grow in one purchase.Built in 1935, both Penfield buildings have classic brick and stone construction, hardwood floors, and good natural light throughout. Both are legal 2-family homes.857 Penfield (electric stoves):1st floor: 1-bedroom, tenant occupied, $1,350/month2nd floor: Studio, vacant859 Penfield (gas stoves):1st floor: 2-bedroom, tenant occupied, $1,650/month2nd floor: 2-bedroom, tenant occupied, $1,750/monthBasement: half bathroom, bonus room, mechanicals, and a separate exitAttic: additional storageCurrent rents total $4,750 per month and are below market value, so a buyer has room to increase income over time. The 859 tenants are month-to-month, and the 857 lease runs through December 31, 2026, which gives a buyer flexibility. The vacant studio can be rented right away or used by an owner-occupant. Major updates are already done, including a renovated roof and a new gas boiler. Owner pays heat and hot water. All tenants pay their own electric, and 859 tenants have individual gas meters.The Penfield lot includes the yard space. There is no alternate side parking on the street. The 3-car garage sits on its own 2,375 sq ft lot on Murdock Avenue. It needs repair work, but it offers off-street parking, garage rental income, or future development potential. The property is minutes from the 2 and 5 trains, the Wakefield MetroNorth station, and the Bronx River Parkway, with easy access to Westchester, shopping, and parks. This is an ideal opportunity for investors looking for steady income with upside, or for buyers who want to own and live in a multi-unit property. Schedule your viewing today!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, Storage Space, Unfinished, Walk-Out Access
Cooling: Wall/Window Unit(s)
Garage: 3
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $5,726
Year Built: 1935
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Building Area Total: 2020
Exterior: Brick
GarageY/N: Yes
Heating Units: 1
On Market Date: 2026-10-14
Parcel Number: 05118-0132
Parking Features: Covered, Garage
Rental Term: Monthly
Separate Electric Meters: 4
Separate Gas Meters: 4
Sewer: Public Sewer
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
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Estimated Payment
$ 2,805.61 per month $2,058.65 Principal & Interest $477.17 Property Tax $269.79 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Exit Realty DKC
Agency Phone: 718-676-1371
Shown By
Agent Name: Ari Brahelika
Agent Phone: (646) 321-4498
Agency Title: Laffey Real Estate
859 Penfield Street | MLS# 1062333
This multi-family property located at 859 Penfield Street, Bronx, NY 10470 is currently listed for sale with an asking price of $925,000. Penfield Street is located within the Contact Agent school district. Search Bronx real estate on aribrahelika.laffey.com today.