3136 Webster AVE, Bronx, NY 10467
3136 Webster AVE, Bronx, NY 10467
3136 Webster AVE, Bronx, NY 10467
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$3,800,000
Est. payment /mo
7,993 Sqft Lot
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Key Details

Property Type Commercial

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
Arif Baksh

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

399 Knollwood Rd, White Plains, NY 10603-1937, USA

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3136 Webster AVE