2121 Grand Ave, Bronx, NY 10453 – Renovated 3-Family with Development Upside Exceptional investment opportunity in the University Heights section of the Bronx. This fully renovated 3-family property features a 5-bedroom apartment, a 4- bedroom apartment and one 3-bedroom apartment, each approximately 1,300 sq ft, with potential gross rental income of up to $11,000/month. All units can be delivered vacant or occupied—ideal for end users or investors. The property sits on a 30’ x 100’ lot zoned R7-1, offering generous development potential. The current building utilizes just a portion of the lot’s max FAR of 3.44, allowing for up to 10,320 buildable square feet. Unused air rights and BSF (buildable square footage) offer the potential to redevelop or expand the site into 15–22 residential units, subject to DOB and zoning approvals. Whether you’re looking for strong cash flow now or planning a future development play, this is a rare opportunity in a growing submarket. Key Highlights: Three full-floor apartments Fully renovated interiors with updated kitchens Income potential: $11,000/month Delivered vacant or rented Lot: 30’ x 100’ | Zoning: R7-1 | Max FAR: 3.44 Buildable SF: Up to 10,320 BSF (unused air rights remain) Potential to build 15–22 units