Property Details

Overview

Development Opportunity – Corner Lot in the Bronx18’ x 60’ corner property located in a quite neighborhood with R6 zoning. This development site allows you to build up to 2, 376 sq ft of residential space, suitable for a three-family building with two bedrooms in each unit.Key Highlights:R6 Zoning – build up to 2, 376 sq ftThree-Family Design – 2BR apartments with excellent layoutsTwo Parking Garages – added convenience and valueCorner Property – abundant natural light from multiple exposuresStrong Rental Potential – each unit can rent at Section-8 rate for approx. $3, 058/monthProjected Annual Rental Income: $110, 088Investment Return – recoup your investment within -7 yearsComparable Sales – similar newly built properties in the area sell for $1.1M or moreThis is a straightforward buy, build, and flip opportunity. Perfect for developers and investors looking for a high-yield project in a growing area.Act now.