859 Penfield Street, New York, NY, 10470
$925,000
activeBedrooms
5
Bathrooms
4
Lot Size
2,650 sqft
Year Built
1935
Garage
3 car
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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/month 2nd floor: Studio, vacant 859 Penfield (gas stoves): 1st floor: 2-bedroom, tenant occupied, $1,650/month 2nd floor: 2-bedroom, tenant occupied, $1,750/month Basement: half bathroom, bonus room, mechanicals, and a separate exit Current 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!
Listed by Justin Simmons, Exit Realty DKC
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Oct 14, 2026, 12:50 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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