Development Opportunity Corner Lot in the Bronx18' x 60' corner property located in a quite neighborhood with R6 zoning. This development site allows you to build up to 2,376 sq ft of residential space, suitable for a three-family building with two bedrooms in each unit. Key Highlights:R6 Zoning build up to 2,376 sq ftThree-Family Design 2BR apartments with excellent layoutsTwo Parking Garages added convenience and valueCorner Property abundant natural light from multiple exposuresStrong Rental Potential each unit can rent at Section-8 rate for approx. $3,058/monthProjected Annual Rental Income: $110,088Investment Return recoup your investment within ~7 yearsComparable Sales similar newly built properties in the area sell for $1.1M or moreThis is a straightforward buy, build, and flip opportunity. Perfect for developers and investors looking for a high-yield project in a...
Development Opportunity Corner Lot in the Bronx18' x 60' corner property located in a quite neighborhood with R6 zoning. This development site allows you to build up to 2,376 sq ft of residential space, suitable for a three-family building with two bedrooms in each unit. Key Highlights:R6 Zoning build up to 2,376 sq ftThree-Family Design 2BR apartments with excellent layoutsTwo Parking Garages added convenience and valueCorner Property abundant natural light from multiple exposuresStrong Rental Potential each unit can rent at Section-8 rate for approx. $3,058/monthProjected Annual Rental Income: $110,088Investment Return recoup your investment within ~7 yearsComparable Sales similar newly built properties in the area sell for $1.1M or moreThis is a straightforward buy, build, and flip opportunity. Perfect for developers and investors looking for a high-yield project in a growing area. Act now.
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