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About This Home

Welcome to 3227 Philip Ave, Bronx, NY 10465—an exceptional semi-detached legal 3-family home built in 2003, offering modern construction, generous living space with 23.5 ft x 49 ft floor dimensions, and breathtaking views of Eastchester Bay. The top two units each feature 3 spacious bedrooms and 2 full bathrooms, including a private primary suite, while the first-floor apartment offers 3 bedrooms and 1 full bathroom. A fully finished basement with both front and rear entrances provide outstanding flexibility for recreation, storage, or owner use. Designed for convenience and efficient property management, the home is equipped with 4 separate electric meters, 4 gas meters, 4 boilers, and 4 hot water heaters, allowing each unit—including the basement owner space—to have its own dedicated utilities. Outside, enjoy a private backyard, 2-car parking, and the beauty of water views. Located in one of the Bronx’s most desirable waterfront neighborhoods, this well-maintained multi-family property presents an outstanding opportunity for both investors and owner-occupants seeking strong rental income and comfortable living. Don’t miss this rare opportunity and schedule your private viewing today before it gone.

Getting Around

Very Walkable

Very Limited Transit

Somewhat Bikeable

Schools

6/10

Ps 14 Senator John CalandraGrades PK-50.5 mi

6/10

Urban Institute Of MathematicsGrades 6-80.3 mi

3/10

Herbert H Lehman High SchoolGrades 9-121.3 mi

Construction

Condition

Year built: 2003

Materials

Construction materials: Block,Brick

Type & Style

Home type: MultiFamily
Property subType: Quadruplex,Multi Family

Interior

Basement

Has basement: Yes
Basement: Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

Bedrooms: 11
Bathrooms: 5
Full bathrooms: 5

Features

First Floor Bedroom,First Floor Full Bath

Heating & Cooling

Heating features: Baseboard,Natural Gas
Cooling features: None

Interior Area

Total structure area: 3,402
Total interior livable area: 3,402 sqft

Property

Details

Parcel number: 054770140
Attached to another structure: Yes
Special condition: None

Lot

Lot size: 2,350 sqft

Parking

Total spaces: 2
Parking features: Carport,Driveway,Off Street
Has uncovered spaces: Yes
Carport: Yes
Carport spaces: 2

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

Coastal FloodingRelatively High
Heat WaveRelatively High
Cold WaveModerate
Strong WindModerate
Winter WeatherModerate
TsunamiInsufficient Data

How This Home’s Risks Compare

FEMA Declared Disasters in Bronx County and New York

Flood

Severe Storm

Snowstorm

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	$7,579	$90,948
Home Insurance *	$561	$6,732
Property Taxes	$974	$11,688
Electricity	$562	$6,746
Total	$9,676	$116,112

*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

30% on housingRecommended$387,040/yr

35% on housing$331,748/yr

40% on housing$290,280/yr

45% on housing$258,026/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered

Wildfire

Hail

Wind

Visit Website →

Current Policies

Residential: 20,669Commercial: 1,556

Total Premiums$32.27M

Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 3.3%

3.3%

0%30.0%

Electricity Growth Rate10-year average: 7.1%

7.1%

0%15.0%

Property Taxes Growth Rate2-year average: -0.5%

-0.5%

0%15.0%

Income Spent on Housing

30%

30%45%

Comparing Against the Market

Price Per Sq Ft

$441This listing

vs Other Active Listings

Avg $/sqft

ZIP 10465$416

Bronx County$399

vs Homes Sold Last Month

Median $/sqft