




1661 E 172nd Street, Bronx, NY, 10472
About This Home
Here it is! 1661 East 172nd Street stands as a rare gem in the Bronx — a truly massive 3 Family with a Commercial Space property that doesn’t come along every day. This substantial income-producer delivers immediate cash flow with four spacious living units, a dedicated office space, and an enormous basement brimming with possibilities. On the first floor you’ll find a generous three-bedroom, one-bath unit. The second floor features two separate units: a large four-bedroom and a three-bedroom, each with its own full bathroom. A side unit adds another three-bedroom, one-bath residence, rounding out the four-family layout. Every unit is currently occupied by excellent, long-term tenants, providing rock-solid rental income right from day one. Beyond the living spaces, the massive basement offers endless potential — perfect for the next owner to add their personal touch with cosmetic upgrades and turn it into additional living area, storage, or even a standout recreational space. While the property is already well-maintained and delivering strong returns, it’s primed for someone ready to inject their vision and unlock even greater value. Located in one of the Bronx’s hottest markets, this investment opportunity sits just steps from the 6 train and convenient bus lines (Bx11 and Bx4), while also being close to parks, schools, and everyday shopping. With proven rental demand and a strong history of performance, 1661 East 172nd Street is a true money-maker that promises impressive long-term upside for savvy investors. Don’t miss your chance to own this standout multi-family in a prime location.
Getting Around
Schools
Construction
Condition
- Year built: 1926
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Storage Space
Bedrooms & Bathrooms
- Bedrooms: 13
- Bathrooms: 4
- Full bathrooms: 4
Features
- First Floor Bedroom,First Floor Full Bath,High Ceilings,Natural Woodwork,Storage
Heating & Cooling
- Heating features: Natural Gas,Radiant
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Property
Details
- Parcel number: 038700008
- Attached to another structure: Yes
- Special condition: None
Lot
- Lot size: 2,425 sqft
Parking
- Parking features: Attached,Private
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bronx County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $462 | $5,544 |
| Property Taxes | $812 | $9,744 |
| Electricity | $793 | $9,518 |
| Total | $8,387 | $100,644 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $1,249,999 |
| 2026-05-06 | Listing removed | $1,260,000 |
| 2026-03-13 | Price change | $1,260,000 |
| 2026-01-15 | Listed for sale | $1,310,000 |
| 2025-12-02 | Listing removed | $1,310,000 |
| 2025-08-04 | Price change | $1,310,000 |
| 2025-06-18 | Listed for sale | $1,500,000 |
| 2025-02-03 | Listing removed | $3,777 |
| 2025-01-30 | Price change | $3,777 |
| 2025-01-24 | Price change | $2,900 |
| 2024-11-28 | Listed for rent | $3,777 |
| 2024-11-18 | Listing removed | $3,777 |
| 2024-08-23 | Listed for rent | $3,777 |
| 2024-02-27 | Sold | $835,000 |
