Description
HIGHBRIDGE MULTIFAMILY OPPORTUNITY APPROX. 3,750 SF | R7-1 ZONING | MINUTES FROM MANHATTANAn 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.
Details
| MLS # | 1029698 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 30 |
| Listing Provided By | Locqube New York, Inc. | Esperanza Estrella |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,750 |
| Basement | Y |
| Acreage | 0.04 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Interior Features | High Ceilings, Open Floorplan, Storage |
| Appliances | Other |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Other |
Utilities
| Utilities | None |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 63180 |
| Tax Annual Amount | 8320.04 |
| Tax Lot | 0010 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10452 |
| School District | Bronx School For Law, Gov, Justi |
| Elementary School | Ps 73 Bronx |
| High School | Bronx School For Law, Gov, Justi |
| Listing VS Median (in 10452) | |
Price: $1,500,000 low | high Med: $150,000 sqft: 3,750 low | high Med: 613 $ / sqft: $400 low | high Med: $258 On site: 30 low | high Med: 195 | |
Market Activity 10452
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10452 |
| School District | Bronx School For Law, Gov, Justi |
| Elementary School | Ps 73 Bronx |
| High School | Bronx School For Law, Gov, Justi |
| Listing VS Median (in 10452) | |
Price: $1,500,000 low | high Med: $150,000 sqft: 3,750 low | high Med: 613 $ / sqft: $400 low | high Med: $258 On site: 30 low | high Med: 195 | |
 | $1,375,000907 Summit AvenueBronx, NY 10452 |