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.
- Heating System:
- Natural Gas
- Cooling System:
- Electric
- Appliances:
- Refrigerator, Gas Oven
- Interior Features:
- High Ceilings
- Parking Features:
- No
- Sewer:
- Public Sewer
- Utilities:
- Natural Gas Connected, Cable Connected, Electricity Connected
- City:
- NY
- State:
- NY
- Street:
- Decatur
- Street Number:
- 2707
- Street Suffix:
- Avenue
- Postal Code:
- 10458
- Floor Number:
- 0
- Longitude:
- W74° 6' 40.4''
- Latitude:
- N40° 51' 54.6''
- PostalCity:
- Bronx
- Construction Materials:
- Frame
- Elementary School:
- Contact Agent
- High School:
- Contact Agent
- Agent MlsId:
- 213111
- MiddleOrJunior School:
- Call Listing Agent
- PhotosCount:
- 26
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $5,872
- Water Source:
- Public
- Office MlsId:
- NYSP01
Residential - MLS# 1052830
2707 Decatur Avenue, New York, NY
- Property Type :
- Residential
- Property SubType :
- Single Family Residence
- Listing Type :
- For Rent
- Listing ID :
- 1052830
- Price :
- $1,300,000
- Rooms :
- 16
- Bedrooms :
- 11
- Bathrooms :
- 5
- Bathrooms Total :
- 5
- Square Footage :
- 3,200 Sqft
- Building Area :
- 3,200 Sqft
- Lot Area :
- 0.08 Acre
- Year Built :
- 1930
- Status :
- Active
- Listing Agent :
- Devin Navarro
- Listing Office :
- NY Space Finders Inc
