2531B Grand Avenue, Bronx, NY 10468
Local realty services provided by:ERA Caputo Realty
2531B Grand Avenue,Bronx, NY 10468
$1,399,000
- 8 Beds
- 6 Baths
- 3,206 sq. ft.
- Multi-family
- Active
Listed by: mohammed s. ali
Office: best hope realty inc
MLS#:1053081
Source:OneKey MLS
Price summary
- Price:$1,399,000
- Price per sq. ft.:$436.37
About this home
Outstanding opportunity to own a well-maintained legal three-family property in the highly accessible Fordham/Kingsbridge Heights area of the Bronx. Built in 2004 and offering approximately 3,206 sq. ft. of living space, this spacious property features a desirable unit mix consisting of a 2-bedroom, 2-bath first-floor apartment and two 3-bedroom, 2-bath apartments on the second and third floors.
Each unit offers generous layouts and hardwood flooring, with natural-gas heat and separately metered gas and electric service for each apartment. The first-floor unit also enjoys access to private rear outdoor space, while two front parking spaces provide valuable off-street parking.
The strong 2BR/3BR/3BR configuration creates excellent rental-income potential and flexibility for investors or an owner-user looking to occupy one unit while generating income from the others. Conveniently located near the 4 and D subway lines, multiple bus routes including the Bx12, Bx9, Bx3, Bx22 and Bx28, and a wide variety of shopping, schools, colleges, healthcare facilities and major roadways.
Beyond its current income-producing potential, the property offers an especially compelling long-term investment opportunity. Situated on an approximately 18.75' x 106' lot within an R6 zoning district, the property is located in an area experiencing continued multifamily investment and development activity. The surrounding neighborhood includes significantly larger multifamily developments, creating potential opportunities for investors interested in future redevelopment, assemblage or additional development rights. Any redevelopment, expansion, air-rights or assemblage potential should be independently verified by the purchaser with the appropriate zoning and architectural professionals.
A unique opportunity to acquire a modern legal three-family property combining parking, outdoor space, separate utilities, strong rental potential, excellent transportation access and intriguing long-term development possibilities....
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Home facts
- Year built:2004
- Listing ID #:1053081
- Added:9 day(s) ago
- Updated:September 29, 2026 at 11:45 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
- Full bathrooms:6
- Dining Description:Eat-In Kitchen, Formal Dining
- Kitchen Description:Eat-in Kitchen
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Living area:3,206 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:2004
- Building area:3,206 sq. ft.
- Lot area:0.05 Acres
- Construction Materials:Brick
Schools
- High school:Celia Cruz Bronx Hs Of Music (The)
- Middle school:Acad-Personal Ldshp And Excellence
- Elementary school:Ps 86 Kingsbridge Heights
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,399,000
- Price per sq. ft.:$436.37
- Tax amount:$237 (2025)
Features and amenities
- Amenities:High Speed Internet, Marble Counters, Storage
Parking
- Total parking spaces:2
- Parking description:Driveway
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