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About the Listing EXPRLT - 45874
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $23,920
- Taxes w/Assessments: N/A
- Tax/Property ID: 03357-0023
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
3136 Webster Ave Bronx, NY 10467
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