MOTT HAVEN > LANDMARK PROPERTY | Updated JUNE 18, 2025
Historic Brownstone in the Bronx on the Market for $ 930k
Picture: Redfin Realty
This week’s “Still on the Market” pick is a historic brownstone in the Bronx with a story to tell. Welcome to a pre-war gem that was built in 1910, and lovingly maintained by the same family for three generations. At just 16 feet wide and 2,160 square feet, this narrow slice of New York real estate now qualifies as a true “Under a Million” find. But does this so-called rare opportunity live up to the hype? Let’s take a closer look at what this historic brownstone in the Bronx has to offer; and whether it’s worth a second glance.
Originally listed in May 2024 at a lofty $1.2 million this historic brownstone in the Bronx with eight-bedroom, three-bathroom rooming house has since dropped to $929,999. That’s a serious markdown and possibly a window of opportunity for the right buyer.
Historic Brownstone Exterior
The façade of this historic bronwstone exudes warmth and charm, showcasing classic golden-yellow brick accented by elegant limestone trim. At the front, black powder coated iron railings gracefully hug the stoop, adding a touch of timeless detail. Altogether, these features create a picture perfect first impression. As expected, this historic brownstone is a quintessential Bronx townhouse complete with shared walls and a large private outdoor space that enhances its appeal. It’s the kind of curb appeal that makes you pause and imagine what’s waiting inside.
Inside the 1910 Townhouse: Layout, Features, and Investment Potential
Step inside this historic brownstone, and it initially seems move-in ready, a rare find in today’s Bronx market. The parlor floor features a two-bedroom apartment, which could work well as an in-law suite. Some would even consider using it as a rental unit to generate income.
However, look a little closer, and the shine begins to fade. The stark white walls feel cold and impersonal, while the scuffed linoleum floors echo a bygone era. Despite its 2,160 square feet, this home has been carved into three studio apartments and four bedrooms and two shared bathrooms.. Privacy is scarce, storage is virtually nonexistent, and the layout feels more like a maze than a livable home.
With the current setup, fitting full-sized furniture into this historic brownstone, such as a sofa or dining table, would be a struggle.
The listing photos tell the story: one image shows a bed awkwardly wedged into a corner, partially blocking a doorway. A design decision that’s as confusing as it’s impractical.
Buyers Highlights
That said, for the right buyer, such as an investor or savvy designer this historic brownstone is a real opportunity. While the current layout may not align with a traditional single-family lifestyle, it nevertheless lends itself to creative possibilities.
For example, the space could be reimagined as a co-living arrangement, artist housing, or even a boutique rental with shared amenities. With the proper permits and thoughtful renovation, this Bronx townhouse could be restored to its original charm or modernized into something entirely new. Importantly, at under $1 million for a multi-kitchen brownstone in New York City, the price point leaves room in the budget for upgrades. Ultimately making this a potential diamond in the rough for a buyer ready to think outside the box.
Is This Bronx Brownstone a Rare Find for Under $1 Million?
A historic brownstone priced under a million in New York City is a rare find. Especially during the current economic state of skyrocketing real estate values, limited inventory, and high demand for historic charm. These iconic properties often exceed seven figures, so landing one below that threshold offers both investment potential and a unique slice of architectural history.
Some noteworthy features of this Bronx historic brownstone include a skylight. In the mornings, this skylight floods the upper level with natural light, creating a warm and airy atmosphere. Beneath layers of paint, the original handrail, banister, and newel post patiently await restoration to their former glory. Additionally, it’s hard to miss the ornately carved wooden door frames and intricate wall moldings. These details add a level of character rarely found in today’s architecture. Not to mention the oversized windows that bathe each room in sunlight. Sure, it’s giving off low-key project vibes, but with its spacious backyard and abundance of bedrooms, it’s a townhouse worth considering for anyone ready to bring out its potential.
The kitchens, yes, as in plurals. One of the three has seen better days. Two words: “Full Gut.”
According to “Redfin,” recent updates to the property include renovated bedrooms and updated electrical systems, roof, and boiler.
What to Know Before Buying a Historic Brownstone SRO in the Bronx
Bronx City Records
According to City Records this property type is a “Single Family Home” that is Single Room Ocupancy (SRO) restricted and has a Landmark designation. Consider this especially important to note if you plan to finance the purchase or do major renovation.
The are no association fees, no HOA fees and no coop fees and property taxes are currently $1,993 per year.
Mott Haven Historic District
Once more, this Bronx brownstone, located at 409 E 139th Street in the vibrant heart of Mott Haven sits at the center of the Bronx’s ongoing transformation. Just steps away, you’ll find a growing mix of cafés and restaurants, including local favorites like The Motley Kitchen and Hacienda Agave. Commuting is a breeze thanks to easy access to major transit options just a 7-minute walk to the six train at 3rd Avenue–138th Street, plus several nearby express bus lines.
You can expect lively weekends, the sounds of music floating through the air, and scenes of older gentlemen playing dominoes on the sidewalks. It is truly a neighborhood alive with culture and everyday stories. This historic brownstone in the Bronx does not offer on-site amenities, and parking is limited to the street; however, the Mott Haven neighborhood’s has a unique charm and authenticity. This Mott Haven Historic District is surrounded by residential,tenement-style buildings and public housing complexes.
SRO Townhouse in the Bronx: What You Need to Know
Owning a Single Room Occupancy (SRO) in New York City isn’t exactly a walk in Central Park. You can expect an added layer of financing challenges. Here’s what you should take into consideration :
SROs or ‘Single Use Occupancy” is a building classified to house multiple and were originally designed to house a single tenants in individual rooms with shared kitchens or bathrooms. There are no legal apartments as per NYC’s Certificate of Occupancy. This could be a benefit or a detriment depending on your purpose for buying a home.
These buildings may not legally be used as single-family or multi-family homes but they can be used as Short Term Rental property if you are in the market for a location to house an Airbnb. NYC has placed strict law around Short Term Rental but SRO’s are the exception to those rules since the property is classified as a Class B Multiple Dwelling.
Per the NYC Office of Special Enforcement. “This class includes hotels, lodging houses, rooming houses, boarding houses, boarding schools, furnished room houses, lodgings, club houses, and college and school dormitories”
Many SRO’s are now vacant, underutilized, or in legal limbo due to their Department of Building (DOB) classification. This may be the reason why no one has snatch it up yet.
You also have the option to legally convert it into a single-family or multifamily dwelling. This often means obtaining a Certificate of No Harassment (CONH) and filing plans with the Department of Buildings.
Financing an SRO Townhouse in the Bronx: What You Should Consider
SROs were originally designed to house single tenants in individual rooms with shared kitchens or bathrooms and hence are considered Commercial property rather than Residential. Lenders usually require:
- A minimum 20–30% down payment (sometimes more)
- Proof of your ability to cover renovation costs
- A clear exit strategy or conversion timeline
Some buyers may also opt for hard money loans or private financing due to the red tape and perceived risk. Before you fall in love with a charming historic brownstone, consult a real estate attorney and mortgage broker who specialize in complex NYC properties.
The Historic Preservation Commission has strict requirements for restorating any properties on their registry.
Key Takeaways:
Financing Fiasco: SRO buildings are classified as commercial properties, so don’t expect to stroll into the bank for a standard residential mortgage. You’ll likely need all cash, a renovation loan, or brace yourself a commercial loan.
Rent Regulation Realities: If the building is occupied, tenants are usually protected from eviction, and you can’t make major changes. Rent regulation laws will have you playing landlord by the book, whether you like it or not.
Registration Rules: As the cherry on top, owners must register annually with Housing Preservation and Development (HPD) and stay in line with rent regulation requirements.
So, if you’re thinking about buying, just know it’s more bureaucracy chic than easy breezy ownership. But if you have a solid plan and patience it could be a great buy.
Realty Connect USA LLC has the listing, and the property is priced at $929,999. What do you think?
*This article is based on publicly available sources and is intended for informational purposes only. We are content creators/marketing partner. We are not agents. We do not represent the seller, buyer or facilitating in the sale, We do not claim ownership of the content used and encourage readers to refer to the original materials.