3136 Webster AVE, Bronx, NY 10467
3136 Webster AVE, Bronx, NY 10467
3136 Webster AVE, Bronx, NY 10467
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Randy Reis

Randy Reis

+1(917) 435-4870
$3,800,000
Est. payment /mo
7,993 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Norwood

MLS Listing ID 1037960

Rental Info No

Year Built 1920

Annual Tax Amount $23,920

Lot Size 7,993 Sqft

Acres 0.1835

Property Sub-Type Other

Source onekey2

Property Description

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.

Location

State NY

County Bronx County

Rooms

Basement None

Interior

Heating Other

Cooling None

Fireplace No

Exterior

Utilities Available None

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Bronx 9

School District Bronx 9

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by eXp Realty • Manuel Galan

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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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