2121 Grand Avenue, Bronx, NY, 10453
$1,250,000
Misc
For Sale
12 Beds
, 4 Full Bath
Details
ML#: 889988
- # of Families: 3
- Year Built: 1920
- Taxes: $3,886
- Status:Active
Description
2121 Grand Ave, Bronx, NY 10453 – Renovated 3-Family with Development UpsideExceptional 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 apartmentsFully renovated interiors with updated kitchensIncome potential: $11, 000/monthDelivered vacant or rentedLot: 30’ x 100’ Zoning: R7-1 Max FAR: 3.44Buildable SF: Up to 10, 320 BSF (unused air rights remain)Potential to build 15–22 units
More Property Details
Bedroom: 12
Full Bath: 4
Lot Size: 0.0689
Lot Sq Ft: 3000
Parking Spaces: Yes
Parking Spaces: 4
Heat: Electric
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $3,886
Listing Information provided courtesy of
Kole Group LLC
917-485-5519