BEDS6
BATHS4 full
SQUARE FEET3,750
MLS#1029698
STATUSActive
PROPERTY TYPEResidential -
SCHOOLBronx 9
Property Description
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.
Property Features
Property Type: Residential -
Basement: Partial
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Home Style: Other
Lot Size: 0.06 Acres
Taxes: $8,320
Year Built: 1901
Amenities
High Ceilings
Open Floorplan
Storage
Feature Descriptions
Appliances: Other
Building Area Total: 3750
Days on Site: 5
Exterior: Brick
Heating Zones: 2
Lot Dimensions: 19.12 ft x 100 ft
Number Of Kitchens: 2
On Market Date: 2026-07-27
Parcel Number: 02524-0010
Parking Features: Other
Property Attached Y/N: 1
Rental Term: Monthly
Rooms Total: 12
Sewer: Public Sewer
Utilities: None
Water: Public
Local Schools
High School: Bronx School For Law
Middle School: Jhs 22 Jordan L Mott
Elementary School: Ps 73 Bronx
School District: Bronx 9
Estimate Your Payment
Estimated Payment
$ 8,715.65 per month $7,584.82 Principal & Interest $693.33 Property Tax $437.50 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Locqube New York, Inc.
Agency Phone: 347-657-1114
Shown By
Agent Name: Christopher Dipierri
Agent Phone: (516) 286-2204
Agency Title: Coldwell Banker American Homes
Christopher Dipierri
Cell: (516) 286-2204
Email: Contact
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918 Summit Avenue | MLS# 1029698
This home located at 918 Summit Avenue, Bronx, NY 10452 is currently listed for sale with an asking price of $1,500,000. This property was built in 1901 and has 6 bedrooms and 4 full baths with 3750 sq. ft. Summit Avenue is located within the Bronx 9 school district. Search Bronx real estate on chriatopherdipierri.cbamhomes.com today.