$1,500,000

Estimated payment $8,653/month

6 Beds
4 Baths
3,750 Sq Ft
$400 Price per Sq Ft

Highlights

  • Open Floorplan
  • Storage
  • Baseboard Heating
  • High Ceiling

About This Home

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.

Listing Agent

Esperanza Estrella

Locqube New York, Inc. License #10401287374 Listed on: 07/27/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,320

Year Built

  • Built in 1901 | Remodeled in 2006

Lot Details

  • 1,912 Sq Ft Lot

Home Design

  • Property Attached
  • Brick Exterior Construction

Interior Spaces

  • 3,750 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Storage
  • Partial Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Ps 73 Bronx Elementary School
  • JHS 22 Jordan L Mott Middle School
  • Bronx School For Law High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Listing and Financial Details

  • Legal Lot and Block 0010 / 02524
  • Assessor Parcel Number 02524-0010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,320

Year Built

Built in 1901 | Remodeled in 2006

Lot Details

1,912 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architectural Style: Other
  • Property SubType: Houseboat
  • Property Condition: Updated/Remodeled
  • Year Built: 1901
  • Year Built Effective: 2006
  • Carport Y N: No
  • CurrentPrice: 1500000.00
  • MlsMajorChangeType: New Listing
  • CurrentPrice_By_LivingArea: 400.00000
  • ListPrice_By_LivingArea: 400.00000
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 34168564.9203
  • LivingAreaSearchSqFt: 3750.00
  • CurrentPrice_By_BuildingAreaTotal: 400.00000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2006

Interior Features

  • Appliances: Other
  • Interior Amenities: High Ceilings, Open Floorplan, Storage
  • Full Bathrooms: 4
  • Basement: Partial
  • Total Bedrooms: 6
  • Fireplace: No
  • Living Area: 3750
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: Other

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Jhs 22 Jordan L Mott

Lot Info

  • Lot Size Acres: 0.0439
  • Lot Size Sq Ft: 1912
  • Parcel Number: 02524-0010
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 8320.04
  • Tax Block: 02524
  • Tax Lot: 0010
  • Tax Year: 2025

MLS Schools

  • Elementary School: Ps 73 Bronx
  • High School: Bronx School For Law, Gov, Justice
  • Middle School District: Bronx 9

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $8,320 $43,909 $5,004 $38,905
2025 $7,849 $41,424 $5,688 $35,736
2024 $7,849 $39,079 $5,187 $33,892
2023 $7,614 $37,492 $4,880 $32,612
2022 $7,356 $46,740 $7,200 $39,540
2021 $7,701 $48,360 $7,200 $41,160
2020 $7,307 $60,840 $7,200 $53,640
2019 $6,813 $54,300 $7,200 $47,100
2018 $6,369 $31,243 $5,356 $25,887
2017 $663 $30,708 $5,877 $24,831
2016 $650 $30,708 $5,785 $24,923
2015 $444 $29,838 $4,487 $25,351
2014 $444 $19,489 $3,806 $15,683
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2026 07/27/26 For Sale $1,500,000 +160.6% $400 / Sq Ft
01/07/2015 01/07/15 Sold $575,500 -12.7% $134 / Sq Ft View Prior Sale
05/28/2014 05/28/14 Pending -- -- --
09/27/2013 09/27/13 For Sale $659,000 -- $153 / Sq Ft
Source: OneKey® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $835,000 --
Deed $575,500 --
Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $146,000 Unknown
Open $653,500 Purchase Money Mortgage
Previous Owner $531,643 New Conventional
Source: Public Records

Source: OneKey® MLS

MLS Number: 1029698

OneKey® MLS

APN: 02524-0010

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