3256 Riverdale Ave, Bronx, NY 10463

Prime Income-Producing Property with Significant Development Potential. Rare opportunity to acquire a well-maintained, fully occupied multifamily property in a high-demand neighborhood. This pre-war building, constructed in 1925, offers a private driveway with a large outdoor parking, five free market residential rental units—(3) one-bedrooms and (2) three-bedrooms—all featuring private in-unit laundry and access to a total of seven bathrooms. The property sits on a 6,570 SF lot with a current built area of 3,811 SF and boasts 12,154 SF of unused FAR (subject to zoning and DOB verification), offering significant value-add or redevelopment potential. Meticulously cared for and updated over time, this asset presents stable rental income, strong tenancy, and long-term upside for investors, developers, or 1031 exchange buyers. The close proximity to transportation, retail corridors, and neighborhood amenities enhances the property's appeal. All showings by appointment only. Financials available upon request.