About This Home
This 0-bedroom, 0-bathroom commercial at 3136 Webster Avenue in Bronx, NY is listed for $3,800,000. Built in 1920, on a 0.18 acres lot.
Key Features
- Built in 1920
- 0.18 acre lot
Property Details
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.
Monthly Cost Estimate
$20,323/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3136 Webster Avenue
Bronx, NY 10467
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 3136 Webster Avenue is listed at $3,800,000. The estimated monthly payment is $20,323 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.18 acre lot.
This property is listed by Manuel Galan and can be reached at 9175998976.
