2532 Davidson AVE Bronx, NY 10468
5,993 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1009747
Style Contemporary
Rental Info No
Year Built 1920
Annual Tax Amount $6,356
Lot Size 5,993 Sqft
Acres 0.1376
Property Sub-Type Triplex
Source onekey2
Property Description
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.
Location
State NY
County Bronx County
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Interior Features Original Details
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Detached, Driveway, Garage, Oversized, Parking Lot, Private, Unpaved
Garage Spaces 1.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Total Parking Spaces 12
Garage true
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Bronx Stem And Arts Academy
Middle Schools Acad-Personal Ldshp And Excellence
High Schools Bronx 10
School District Bronx 10
Others
Senior Community No
Special Listing Condition None
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