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Bronx, Bronx, NY 10467
Property Type
Commercial Sale
Year Built
1920
RE Tax
$23,920 (Monthly)
Listing courtesy of Manuel Galan of eXp Realty.
Well-located as-of-right development opportunity on the Webster Avenue corridor in the Bronx. The site consists of 7,621 square feet of land (0.18 acres) zoned R7D, allowing approximately 24,997 buildable square feet as-of-right, with additional density potentially available through Inclusionary Housing. The existing two-story building, constructed in 1920 and totaling 10,500 square feet, currently generates a strong income stream with an effective gross income of $98,070, operating expenses of $28,455, and a net operating income of $69,615, supporting a 14% cap rate. Annual taxes are $23,920. This is a strong location near Montefiore Medical Center and Fordham University, with excellent transit access to the B/D subway lines, Metro-North, and the Bx41 Select Bus Service. The surrounding corridor has seen steady new construction and consistent rental demand, making this an attractive opportunity for both income and future development.
0.1835 Acres
0
Bronx
Bronx
Commercial Sale
$23,920 (Monthly)
1920
Brick
1920
Bronx
Bronx
$23,920 (Monthly)
Yes - Other
0
Public
Total$43,839.88/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 1439 Wood Road, #4E #4EBronx | 1 BR / 1 BA | $220,000 |
| 91 Van Cortland Avenue W #2D #2DBronx | 1 BR / 1 BA | $2,210,001 |
| 91 Van Cortland Avenue W #6H #6HBronx | 1 BR / 1 BA | $220,000 |
| 525 W 235th Street #2A #2ABronx | 1 BR / 1 BA | $215,000 |
| 5420 Netherland Avenue #B42 #B42Bronx | 1 BR / 1 BA | $195,000 |
| 2630 Kingsbridge Terrace #5A #5ABronx | 1 BR / 1 BA | $169,500 |
Closed sales recorded by Brown Harris Stevens agents.
The Bronx, New York, is home to iconic landmarks like Yankee Stadium and the New York Botanical Garden.
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.