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$ 1,250,000
Est. payment | /mo
12 Beds
4 Baths
3,001 Sqft Lot
$ 1,250,000
Est. payment | /mo
12 Beds
4 Baths
3,001 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 889988
Bedrooms 12
Full Baths 4
Rental Info No
Year Built 1920
Annual Tax Amount $3,886
Lot Size 3,001 Sqft
Acres 0.0689
Property Sub-Type Triplex
Source onekey2
Property Description
2121 Grand Ave, Bronx, NY 10453 – Renovated 3-Family with Development Upside
Exceptional investment opportunity in the University Heights section of the Bronx. This fully renovated 3-family property features a 5-bedroom apartment, a 4- bedroom apartment and one 3-bedroom apartment, each approximately 1,300 sq ft, with potential gross rental income of up to $11,000/month. All units can be delivered vacant or occupied—ideal for end users or investors.
The property sits on a 30' x 100' lot zoned R7-1, offering generous development potential. The current building utilizes just a portion of the lot's max FAR of 3.44, allowing for up to 10,320 buildable square feet. Unused air rights and BSF (buildable square footage) offer the potential to redevelop or expand the site into 15–22 residential units, subject to DOB and zoning approvals.
Whether you're looking for strong cash flow now or planning a future development play, this is a rare opportunity in a growing submarket.
Key Highlights:
Three full-floor apartments
Fully renovated interiors with updated kitchens
Income potential: $11,000/month
Delivered vacant or rented
Lot: 30' x 100' | Zoning: R7-1 | Max FAR: 3.44
Buildable SF: Up to 10,320 BSF (unused air rights remain)
Potential to build 15–22 units
Exceptional investment opportunity in the University Heights section of the Bronx. This fully renovated 3-family property features a 5-bedroom apartment, a 4- bedroom apartment and one 3-bedroom apartment, each approximately 1,300 sq ft, with potential gross rental income of up to $11,000/month. All units can be delivered vacant or occupied—ideal for end users or investors.
The property sits on a 30' x 100' lot zoned R7-1, offering generous development potential. The current building utilizes just a portion of the lot's max FAR of 3.44, allowing for up to 10,320 buildable square feet. Unused air rights and BSF (buildable square footage) offer the potential to redevelop or expand the site into 15–22 residential units, subject to DOB and zoning approvals.
Whether you're looking for strong cash flow now or planning a future development play, this is a rare opportunity in a growing submarket.
Key Highlights:
Three full-floor apartments
Fully renovated interiors with updated kitchens
Income potential: $11,000/month
Delivered vacant or rented
Lot: 30' x 100' | Zoning: R7-1 | Max FAR: 3.44
Buildable SF: Up to 10,320 BSF (unused air rights remain)
Potential to build 15–22 units
Location
State NY
County Bronx County
Interior
Interior Features First Floor Bedroom
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Available
Total Parking Spaces 4
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Senior Community No
Special Listing Condition None
Listed by Kole Group LLC