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Single Family House for Sale in Bronx, New York, Bronx, NY 10452 | Web ID: 1029698 | $1,500,000

918 Summit Avenue , Bronx , NY 10452

 
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Property Description

A Rare Opportunity To Acquire An Income-producing Bronx Asset With Significant Long-term Development Potential. Located In The Highbridge Section Of The Bronx, 918 Summit Avenue Combines Current Rental Income With 5, 527 Sf Of Unused Buildable Area Under Its R7-1 Zoning, Creating A Compelling Opportunity For Investors Seeking Both Immediate Income And Future Value Creation. The Existing 3, 750 Sf Brick Building Features Two Exceptionally Spacious, Market-rate Residences, Providing Income From Day One With Additional Rental Upside While Preserving The Ability To Explore Future Expansion Or Redevelopment. Unlike Vacant Development Sites, The Property Generates Rental Revenue During Ownership While Retaining Substantial Unused Development Capacity. Located Within A Federally Designated Opportunity Zone And Minutes From Manhattan, The Property Benefits From Excellent Connectivity To The B And D Subway Lines, Multiple Bus Routes, Major Highways, Healthcare, Parks, Schools, And Neighborhood Retail. Current Income. Rental Upside. 5, 527 Sf Of Unused Buildable Area. Opportunity Zone Location. 918 Summit Avenue Offers Multiple Avenues For Long-term Value Creation In A Single Investment.

Property Information

Location/Town New York
Area/County Bronx
Post Office/Postal City Bronx
Prop. Type Single Family House for Sale
Style Other
Tax $8,320.00
Bedrooms 6
Total Rooms 12
Total Baths 4
Full Baths 4
Year Built 1901
Basement Partial
Construction Brick
Lot Size 19.12 ft x
Lot SqFt 2,696
Cooling Wall/Window Unit(s)
Heat Source Baseboard
Util Incl None
Condition Updated/Remodeled
Days On Market 2
Parking Features Other
Tax Assessed Value 63180
Tax Lot 0010
School District Bronx 9
Middle School Jhs 22 Jordan L Mott
Elementary School Ps 73 Bronx
High School Bronx School For Law, Gov, J
Features High ceilings, open floorplan, storage
Listing information courtesy of: Locqube New York, Inc.

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Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

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