6 Beds
4 Baths
3,750 SqFt
6 Beds
4 Baths
3,750 SqFt
Key Details
Property Type Other Types
Sub Type Houseboat
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $400
Subdivision Highbridge
MLS Listing ID 1029698
Style Other
Bedrooms 6
Full Baths 4
HOA Y/N No
Rental Info No
Year Built 1901
Annual Tax Amount $8,320
Lot Size 1,912 Sqft
Acres 0.0439
Lot Dimensions 19.12 ft x 100 ft
Property Sub-Type Houseboat
Source onekey2
Property Description
An opportunity to acquire a substantial multifamily property in the Highbridge section of the Bronx. 918 Summit Avenue offers approximately 3,750 square feet of existing building area across three stories, providing the scale and flexibility sought by local landlords, owner-investors, value-add buyers and long-term holders.
The property includes three residential units, including two spacious 3-bedroom/2-bath residences, and provides existing rental income while offering an opportunity to enhance the property's performance over time through thoughtful management and repositioning.
For experienced investors, builders and developers, the property's R7-1 zoning adds another dimension to the opportunity. Buyers can evaluate the site and existing improvements based on their individual long-term strategy, including potential redevelopment or other opportunities permitted by zoning. All zoning, buildable area and development possibilities should be independently verified by the purchaser.
The location offers convenient access to Manhattan, Yankee Stadium, major transportation and the surrounding Highbridge/Ogden Avenue corridor, making it particularly attractive to buyers already familiar with and investing in this part of the Bronx.
For a purchaser looking beyond a simple day-one cap rate, 918 Summit offers something different: a sizable existing multifamily asset, established rental income, income-growth potential, R7-1 zoning and long-term optionality in a location close to Manhattan.
Hold it. Improve it. Reposition it. Explore its future potential.
Location
State NY
County Bronx County
Rooms
Basement Partial
Interior
Interior Features High Ceilings, Open Floorplan, Storage
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Other
Exterior
Parking Features Other
Utilities Available None
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 73 Bronx
Middle Schools Jhs 22 Jordan L Mott
High Schools Bronx 9
School District Bronx 9
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Broker | License ID: 10491211077
515 Madison Ave 8th Floor # 8094, York, NY 10022, United States