2707 Decatur Avenue, Bronx, NY 10458
- $1,300,000
- 11
- BD
- 5
- BA
- 3,200
- SqFt
- List Price
- $1,300,000
- Days on Market
- 1
- MLS#
- 1052830
- Number Of Families
- 1
- Status
- ACTIVE
- Bedrooms
- 11
- Bathrooms
- 5
- Living Area
- 3,200
- Lot Size
- 3411
Property Description
Excellent opportunity to acquire a renovated, legal three-family property with strong cash flow and high NOI. The three-story building features three spacious residential apartments, with each unit occupying its own floor. Apartment 1: 2 bedrooms, 1 bathroom Apartment 2: 4 bedrooms, 2 bathrooms Apartment 3: 5 bedrooms, 2 bathrooms All three units are rented and income producing, offering investors immediate rental income and a strong existing cash-flow profile. The property's legal three-family configuration, large apartment layouts, and renovated condition make it an attractive investment opportunity with additional upside. Located in the Bronx, the property is surrounded by parks, restaurants, shopping, grocery stores, and public transportation, offering residents convenient access to everyday amenities and neighborhood attractions. Development Potential: The property sits on a 25' x 136' lot and is located in an R7B zoning district with a residential FAR of 3.0. The existing income-producing property also offers additional development potential, providing an opportunity for an investor or developer to explore future expansion or redevelopment, subject to applicable zoning and building regulations.Featured Residential Sales.
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Additional Information
- Year Built
- 1930
- School District
- Contact Agent
- Elementary School
- Contact Agent
- Middle School
- Call Listing Agent
- High School
- Contact Agent
- Total Taxes
- 5872
- Heating
- Natural Gas
- Parking
- None
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $5,872
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Listing courtesy of Listing Agent: Devin Navarro (devin@nyspacefinders.com) from Listing Office: NY Space Finders Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.