918 Summit Avenue, Bronx, NY 10452
- $1,500,000
- 6
- BD
- 4
- BA
- 3,750
- SqFt
- List Price
- $1,500,000
- Days on Market
- 9
- MLS#
- 1029698
- Status
- ACTIVE
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 3,750
- Lot Size
- 2696
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.
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Additional Information
- Year Built
- 1901
- Style
- Other
- School District
- Bronx 9
- Elementary School
- Ps 73 Bronx
- Middle School
- Jhs 22 Jordan L Mott
- High School
- Bronx School For Law, Gov, Justice
- Total Taxes
- 8320
- Heating
- Baseboard
- Parking
- Other
- Basement
- Partial
- Water
- Public
- Sewer
- Public Sewer
- Number Of Kitchens
- 2
- Taxes
- $8,320
Mortgage Calculator
Listing courtesy of Listing Agent: Esperanza Estrella (esperanza.estrella@pantigagroup.com) from Listing Office: Locqube New York, Inc..
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . 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.