Assignments

Fordham Vacant Two-Family Home with 9,193 sf of Unused Air Rights

2413 Walton Ave, Bronx, NY 10468

2413 Walton Ave, Bronx, NY 10468

under contract

Asking
Sale Price
$
1120000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1120000
Sale Price
$
Buildable SF
11414
Building SF
11414
LOT SF
11414
Cap RATE
%
Zoning
R8 NS

Highlights

  • 2,220 sq. ft. brick structure on a 20’x96’ lot
  • Ideal for full redevelopment or alteration/expansion of existing structure
  • Zoned R8: Up to 11,413 BSF at market rate (13,651 sq. ft. UAP)
  • 4-minute walk to 4 train at Fordham Rd Station; 5-minute walk to B/D trains at Fordham Rd Station
  • Proximity to an elementary school and a middle school*Strong residential market driven by growing population, nearby schools, universities, and retail amenities

Property DEscription

This two-story structure measuring 18’ x 70’ on the ground floor and 18’ x 35’ on the upper floors, sits on a 20’ x 96’ lot zoned R8, offering multiple options for investors and developers alike. The property is delivered vacant, allowing for immediate occupancy to generate rental income or the opportunity to redevelop and expand under the favorable zoning.The building currently features a two-bedroom, one-bathroom unit on the first floor and a newly renovated five-bedroom, two-bathroom duplex on the upper levels. A full basement offers additional potential for conversion into a third apartment or accessory space.Conveniently located just a five-minute walk from the 4 and B/D trains at Fordham Road Station, the property provides excellent access to Downtown Bronx, Manhattan, and surrounding neighborhoods. It sits adjacent to a primary school and only four minutes from a middle school, adding to its appeal for residential tenants.Fordham continues to experience strong housing demand, fueled by its growing population and proximity to schools, universities, and retail amenities. The neighborhood is undergoing ongoing investment and revitalization, making it a prime target for residential development. With its location, size, and redevelopment potential, 2413 Walton Avenue offers significant upside for investors and developers seeking to capitalize on the Bronx’s continued growth.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Maha Alaoui
Senior Associate
(516) 713-7161
malaoui@landairnyc.com

Documents

Offering Memorandum
Data Room

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