Skip to content
Buy Neighborhoods Agencies Buying Guide Co-op vs Condo Contact Us →
918 Summit Ave, Bronx, NYC

HomeListingsBronx › 918 Summit Ave

$1,500,000
Active 1 days on market
MLS# 1029698

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
Show more

Amenities & features

INCOME PRODUCING ASSETUNUSED BUILDABLE AREAOPPORTUNITY ZONE LOCATIONEXCELLENT CONNECTIVITY

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.

Similar listings in Bronx

See all →
Chat with Aldo