918 Summit AVE, Bronx, NY 10452
918 Summit AVE, Bronx, NY 10452
918 Summit AVE, Bronx, NY 10452
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Randy Reis

Randy Reis

+1(917) 435-4870
$1,500,000
Est. payment /mo
6 Beds
4 Baths
3,750 SqFt
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UPDATED:

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

Property Sub-Type Houseboat

Source onekey2

Property Description

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 while retaining substantial unused development capacity.
Located within a federally designated Opportunity Zone and minutes from Manhattan, the property benefits from excellent connectivity to the B and D subway lines, multiple bus routes, major highways, healthcare, parks, schools, and neighborhood retail.
Current income. Rental upside. 5,527 SF of unused buildable area. Opportunity Zone location. 918 Summit Avenue offers multiple avenues for long-term value creation in a single investment.

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

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Locqube New York, Inc. • Esperanza Estrella

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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