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Development Opportunity – Corner Lot in the Bronx
18' x 60' corner property located in a quite neighborhood with R6 zoning. 
This development site allows you to build up to 2,376 sq ft of residential space, suitable for a three-family building with two bedrooms in each unit.
Key Highlights:

R6 Zoning – build up to 2,376 sq ft

Three-Family Design – 2BR apartments with excellent layouts

Two Parking Garages – added convenience and value

Corner Property – abundant natural light from multiple exposures

Strong Rental Potential – each unit can rent at Section-8 rate for approx. $3,058/month

Projected Annual Rental Income: $110,088

Investment Return – recoup your investment within ~7 years

Comparable Sales – similar newly built properties in the area sell for  $1.1M or more

This is a straightforward buy, build, and flip opportunity. Perfect for developers and investors looking for a high-yield project in a growing area.

Act now.

Morrisania

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961 Cauldwell Ave, Bronx, NY 10456

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