Bidding Starts: May 5th, 2025 at 1:00 pm Starting Bid: $200,000 PROPERTY SNAPSHOT • 5-Story, multifamily building • Featuring 10 residential units • 10,425 SF building on 2,520 SF lot • 28 ft of frontage on E 161st Street • Short walk to the Melrose Metro North Station providing access to Grand Central in under 20 minutes Introducing a prime investment opportunity in the vibrant Melrose neighborhood of Bronx, New York: 422 E. 161st Street. This 5-story multifamily building boasts 10 residential units, offering a total of 10,425 SF of living space on a 2,520 SF lot. With 28 feet of frontage on E 161st Street, the property is just a short walk away from Melrose Metro North Station, providing easy access to Grand Central in under 20 minutes. Built in 1931, this well-maintained property presents a lucrative investment potential in a sought-after location. Featuring a mix of attractive apartments and generating an average rent of $1,715 per unit, 422 E. 161st Street is an opportunity not to be missed. The property's assessed value, tax rate, and other financial details make it a sound investment choice in the dynamic Bronx real estate market. Don't let this chance slip away to own a piece of the Bronx property market at 422 E. 161st Street.