596 E 164th St
Bronx, NY 10456
Morrisania- 8 Beds
- 6 Baths
- 3,375 sqft
8 Beds
6 Baths
3,375 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
2007
Living Area
3,375 sqft
Price/Sqft
$327
About this House
Opportunity knocks! This semi-detached 3 family is being sold at a 6.4% Cap Rate, with $68,000+ in annual net income. 596 East 164th Street will be sold with the ground floor 2 bedroom/ 2 bath unit and the basement vacant and recently renovated from the studs in. The top floor was renovated a few years ago, and both the second and third floors are filled with solid tenants who have a history of paying on time every month. Both the second and third floors are rented to CityFHeps candidates, where the city pays their rent, including all their utilities. With the continued appreciation of the South Bronx along with the standing cap rate, the future owner can expect at least a 13% return on their investment. Upsides include adding coin operated laundry and or storage in the basement, and increasing the rent (current 3 bedroom CityFheps programs are renting for $3,000+).
For an end user, this is a great opportunity to purchase a large three family home, where the current tenants will pay your monthly mortgage. Don't wait, contact AJF Real Estate Investments for a private showing.
Monthly Expenses:
Taxes: $663
Water: $500 (owner just did some plumbing work to hopefully bring down the water expenses)
Insurance: $225
PLP: $100
Monthly Income:
Unit 1 (2 bed/ 2 bath): $2,450 (estimated)
Unit 2 (3 bed/ 2 bath): $2,395
Unit 3 (3 bed/ 2 bath): $2,375
Annual Expenses: $17,860
Annual Income: $86,640
Net Income: $68,780
Cap Rate: 6.4%
*please note the property will be sold with all renovations of basement and first floor finished, including the addition of a fridge and stove in Apartment 1.
For an end user, this is a great opportunity to purchase a large three family home, where the current tenants will pay your monthly mortgage. Don't wait, contact AJF Real Estate Investments for a private showing.
Monthly Expenses:
Taxes: $663
Water: $500 (owner just did some plumbing work to hopefully bring down the water expenses)
Insurance: $225
PLP: $100
Monthly Income:
Unit 1 (2 bed/ 2 bath): $2,450 (estimated)
Unit 2 (3 bed/ 2 bath): $2,395
Unit 3 (3 bed/ 2 bath): $2,375
Annual Expenses: $17,860
Annual Income: $86,640
Net Income: $68,780
Cap Rate: 6.4%
*please note the property will be sold with all renovations of basement and first floor finished, including the addition of a fridge and stove in Apartment 1.
596 E 164th St, Bronx, NY 10456 is a 8 bedroom, 6 bathroom, 3,375 sqft multi-family in Morrisania, built in 2007. It last sold for $850,000 on Mar 3, 2020. More recently, it was listed as a rental in December 2013 with an asking price of $1,950 per month. That rental listing was removed on April 8, 2014. It is currently off market. The Trulia Estimate is $1,104,800, with a rent estimate of $2,538/month.
Home Details for 596 E 164th St
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Heating & Cooling Heating: Baseboard, GasHeating Fuel: Baseboard |
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Year Built Year Built: 2007 |
Property Type / Style Property Type: Multi FamilyArchitecture: Colonial |
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Exterior Home Features Exterior: Brick |
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Units in Building: 3 |
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Lot Area: 1873 sqft |
Price History for 596 E 164th St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/01/2023 | ListingRemoved | StreetEasy | |
| 03/13/2023 | $1,075,000 | Pending | StreetEasy |
| 01/20/2023 | $1,075,000 | PendingToActive | OneKey® MLS as distributed by MLS GRID #H6210973 |
| 11/24/2022 | $1,075,000 | Pending | OneKey® MLS as distributed by MLS GRID #H6210973 |
| 09/17/2022 | $1,075,000 | Listed For Sale | OneKey® MLS as distributed by MLS GRID #H6210973 |
| 10/02/2020 | $899,999 | ListingRemoved | Agent Provided |
| 03/03/2020 | $850,000 | Sold | N/A |
| 10/10/2019 | $899,999 | PriceChange | Agent Provided |
| 10/03/2019 | $949,999 | Listed For Sale | Agent Provided |
| 04/08/2014 | $1,950 | ListingRemoved | Agent Provided |
| 12/06/2013 | $1,950 | Listed For Rent | Agent Provided |
| 03/28/2009 | $548,000 | Sold | N/A |
Market trends in New York
Last updated June 2026
Avg. sale price
$767K
$4.33KMoM
Sale-to-List Price
97.9%
0.1%MoM
Price per sq ft
$653
$10MoM
Available listings
18631
48MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $8,554 |
| Assessment | $1,003,000 |
Home facts updated by county records
Comparable Sales for 596 E 164th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $1,039,000 | 08/26/25 | 8 | 5 | 3,402 | |
0.24 | Multi-Family Home | $799,999 | 03/17/26 | 8 | 4 | 3,234 | |
0.54 | Multi-Family Home | $769,000 | 03/04/26 | 9 | 4 | 2,790 | |
0.58 | Multi-Family Home | $1,130,000 | 01/30/26 | 6 | 3 | 3,354 | |
0.41 | Multi-Family Home | $1,100,000 | 10/24/25 | 6 | 3 | 2,682 | |
0.50 | Multi-Family Home | $1,190,000 | 01/14/26 | 9 | 3 | 4,737 | |
0.74 | Multi-Family Home | $850,000 | 12/12/25 | 11 | 4 | 3,104 | |
0.64 | Multi-Family Home | $925,000 | 10/24/25 | 9 | 3 | 3,270 | |
0.64 | Multi-Family Home | $925,000 | 10/20/25 | 9 | 3 | 3,270 | |
0.64 | Multi-Family Home | $847,000 | 10/29/25 | 6 | 3 | 2,580 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 596 E 164th St.
What Locals Say about Morrisania
At least 653 Trulia users voted on each feature.
86 % Say it's walkable to grocery stores
85 % Say there are sidewalks
77 % Say it's dog friendly
68 % Say it's walkable to restaurants
61 % Say kids play outside
59 % Say streets are well-lit
58 % Say there's holiday spirit
45 % Say people would walk alone at night
43 % Say car is needed
41 % Say neighbors are friendly
40 % Say yards are well-kept
39 % Say they plan to stay for at least 5 years
33 % Say there are community events
30 % Say it's quiet
29 % Say there's wildlife
26 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 596 E 164th St
Off Market Homes Near 596 E 164th St
Frequently asked questions about 596 E 164th St
- What is 596 E 164th St estimated to be worth?Trulia's estimated value for 596 E 164th St in Bronx, NY is $1,104,800.
- What is the price history for 596 E 164th St?596 E 164th St in Bronx, NY last sold for $850,000 in March 2020.
- Is Bronx a buyer's or seller's market?Bronx is currently a buyer's market, based on recent for-sale activity.
- What's the median sale price in Bronx?The median sale price in Bronx is $767K. That is up $4.33K from the prior month.

