2532 Davidson Avenue, Bronx, NY 10468
Local realty services provided by:ERA Top Service Realty
2532 Davidson Avenue,Bronx, NY 10468
$1,500,000
- - Beds
- - Baths
- 3,614 sq. ft.
- Multi-family
- Active
Listed by: al morrobel, manuel pantiga
Office: locqube new york, inc.
MLS#:1009747
Source:OneKey MLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$415.05
About this home
DEVELOPMENT FUNDAMENTALS
This 5,890 sq ft corner lot represents a rare redevelopment opportunity in one of the Bronx’s highest-density, most transit-accessible corridors. The existing 3-family building (3,614 sq ft) sits on a substantially underbuilt lot. Under current zoning, the site supports FAR 2.43, enabling approximately 14,313 sq ft of buildable area—creating 10,699 sq ft of additional development capacity above the existing structure.
MARKET FUNDAMENTALS & RENTAL DEMAND
The Fordham submarket demonstrates exceptional rental strength: 97.25% renter-occupied units, median rent of $1,365/month, and 19,033 households within the immediate neighborhood. This persistent demand supports stable income during any hold period and provides downside protection during repositioning phases. The area maintains 100,957 persons per sq mi density—among the highest in New York City.
STRATEGIC LOCATION & TRANSIT ACCESS
2532 Davidson Avenue anchors a major commercial and employment hub with 1,257 establishments, multiple subway lines (2, 4, 5, D trains), and proximity to Fordham University, the New York Botanical Garden, and the Bronx Zoo. The location benefits from consistent foot traffic, institutional employment, and tourism-driven activity, supporting both residential and mixed-use development strategies.
REDEVELOPMENT POTENTIAL
The property’s underutilized zoning envelope creates a clear path for value creation through expansion, repositioning, or ground-up redevelopment. Current income from the 3-family building provides cash flow during acquisition, planning, and entitlement phases, enhancing project feasibility.
INVESTMENT THESIS
Strong rental demand, high neighborhood density, strategic transit access, and significant unused development capacity position this site for meaningful upside. The Bronx rental market continues to show supply constraints and persistent demand, making this property an attractive opportunity for developers seeking scalable Bronx exposure with a straightforward path to value....
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Home facts
- Year built:1920
- Listing ID #:1009747
- Added:9 day(s) ago
- Updated:July 06, 2026 at 11:09 AM
Rooms and interior
- Basement:Yes
- Basement Description:Finished, Full, Walk-Out Access
- Living area:3,614 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1920
- Building area:3,614 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Contemporary
- Construction Materials:Brick
Schools
- High school:Bronx High School Of Science
- Middle school:Acad-Personal Ldshp And Excellence
- Elementary school:Bronx Stem And Arts Academy
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$415.05
- Tax amount:$6,357 (2025)
Parking
- Total parking spaces:12
- Parking description:Detached, Driveway, Garage, Parking Lot, Private
- Garage:Yes
- Garage spaces:1
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