Description
DEVELOPMENT FUNDAMENTALS 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 areacreating 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 densityamong 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.
Details
| MLS # | 1009747 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 65 |
| Listing Provided By | Locqube New York, Inc. | Al Morrobel |
Features
| SQ Feet | 3,614 |
|---|---|
| Garage | 1 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.14 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
| Interior Features | Original Details |
| Window Features | Double Pane Windows |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Driveway, Garage, Oversized, Parking Lot, Private, Unpaved |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 79440 |
| Tax Annual Amount | 6356.92 |
| Tax Lot | 13 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10468 |
| School District | Bronx High School Of Science |
| Elementary School | Bronx Stem And Arts Academy |
| High School | Bronx High School Of Science |
| Listing VS Median (in 10468) | |
Price: $1,500,000 low | high Med: $220,000 sqft: 3,614 low | high Med: 965 $ / sqft: $415 low | high Med: $228 On site: 65 low | high Med: 1392 | |
Market Activity 10468
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10468 |
| School District | Bronx High School Of Science |
| Elementary School | Bronx Stem And Arts Academy |
| High School | Bronx High School Of Science |
| Listing VS Median (in 10468) | |
Price: $1,500,000 low | high Med: $220,000 sqft: 3,614 low | high Med: 965 $ / sqft: $415 low | high Med: $228 On site: 65 low | high Med: 1392 | |
 | $1,299,0002536 Davidson AvenueBronx, NY 10468 |
 | $1,400,0002540 Davidson AvenueBronx, NY 10468 |