Single Family House in Bronx County
| MLS Number | 1029698 |
|---|---|
| Address | 918 Summit Avenue, Bronx, NY 10452 show map |
| Price | $1,500,000 show mortgage calculator |
| Acres | 0.043893480257117 |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Year Built | 1901 |
| Est. Sq. Footage | 3750 |
| Elementary School | Ps 73 Bronx |
| Jr High-Middle School | Jhs 22 Jordan L Mott |
| High School | Bronx School For Law, Gov, Justice |
| Estimated Taxes | $8,320 |
| HOA Fees | |
| Level 1 | |
| Level 2 | |
| Level 3 |
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.
© 2022 OneKey Multiple Listing Service, Inc., All Rights Reserved. The data relating to real estate for sale or lease on this website comes in part from OneKey MLS. Real estate listings held by brokerage firms other then CS Realty Relocation Services are marked with a OneKey MLS Logo. The information appearing herein has not been verified by the OneKey Multiple Listing Service, Inc. or by the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.
