$1,500,000
Active
1 days on market
918 Summit Ave
📍 Bronx, Bronx, NY 10452
6.0
Beds
4.0
Baths
3,750
Sqft
$400
Per sqft
1901
Year built
Multi-family
Type
About this property
A rare opportunity to acquire an income-producing Bronx asset with significant long-term development potential. Located in the Highbridge section of the Bronx, 918 Summit Avenue combines current rental income with 5,527 SF of unused buildable area under its R7-1 zoning, creating a compelling opportunity for investors seeking both immediate income and future value creation. The existing 3,750 SF brick building features two exceptionally spacious, market-rate residences, providing income from day one with additional rental upside while preserving the ability to explore future expansion or redevelopment. Unlike vacant development sites, the property generates rental revenue during ownership wh
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Amenities & features
Key facts
1,912 sq ft lot
Built 1901
Property details
Property typeMulti-family
Listing statusActive
Lot size1,912 sqft
Year built1901
Days on market1 days
MLS #1029698
Estimated monthly payment
Listing price$1,500,000
Down payment (20%)$300,000
Loan amount$1,200,000
Principal & interest (7%, 30yr)$7,983/mo
Property tax (est.)$1,458/mo
Home insurance (est.)$625/mo
Estimated total$10,066/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.