961 Cauldwell Ave Bronx, NY 10456
Morrisania NeighborhoodEstimated payment $1,574/month
About This Lot
Development Opportunity – Corner Lot in the Bronx
18' 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 ft
Three-Family Design – 2BR apartments with excellent layouts
Two Parking Garages – added convenience and value
Corner Property – abundant natural light from multiple exposures
Strong Rental Potential – each unit can rent at Section-8 rate for approx. $3,058/month
Projected Annual Rental Income: $110,088
Investment Return – recoup your investment within ~7 years
Comparable Sales – similar newly built properties in the area sell for $1.1M or more
This 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.
Listing Agent
Jupiter Properties Inc Brokerage Phone: 917-577-9362 License #10311203410 Listed on: 08/05/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $159
Lot Details
- 1,080 Sq Ft Lot
- Corner Lot
Schools
- Ps 126 Dr Marjorie H Dunbar Elementary School
- Science And Technology Academy: A Mott Hall Middle School
- Academy For Language And Technology High School
Utilities
- Sewer Not Available
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/05/2025 08/05/25 | For Sale | $285,000 | -- | -- |
About the Listing Agent
Source: OneKey® MLS
MLS Number: 897956

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