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 while retaining substantial unused development capacity.
Located within a federally designated Opportunity Zone and minutes from Manhattan, the property benefits from excellent connectivity to the B and D subway lines, multiple bus routes, major highways, healthcare, parks, schools, and neighborhood retail.
Current income. Rental upside. 5,527 SF of unused buildable area. Opportunity Zone location. 918 Summit Avenue offers multiple avenues for long-term value creation in a single investment.