MLS#1037960
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBronx 9
Property Description
Well-located as-of-right development opportunity on the Webster Avenue corridor in the Bronx. The site consists of 7,621 square feet of land (0.18 acres) zoned R7D, allowing approximately 24,997 buildable square feet as-of-right, with additional density potentially available through Inclusionary Housing. The existing two-story building, constructed in 1920 and totaling 10,500 square feet, currently generates a strong income stream with an effective gross income of $98,070, operating expenses of $28,455, and a net operating income of $69,615, supporting a 14% cap rate. Annual taxes are $23,920.This is a strong location near Montefiore Medical Center and Fordham University, with excellent transit access to the B/D subway lines, Metro-North, and the Bx41 Select Bus Service. The surrounding corridor has seen steady new construction and consistent rental demand, making this an attractive opportunity for both income and future development.
Property Features
Property Type: Commercial -
Basement: None
Cooling: None
Heating: Other
Lot Size: 0.18 Acres
Taxes: $23,920
Year Built: 1920
Feature Descriptions
Building Area Total: 10500
Business Type: Automotive
Cap Rate: 14
Days on Site: 1
Exterior: Brick
On Market Date: 2026-08-12
Parcel Number: 03357-0023
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Utilities: None
Water: Public
Local Schools
School District: Bronx 9
Listed By / Shown By
Listing By
Agency Name: eXp Realty
Agency Contact: 888-276-0630
Shown By
Agent Name: Linda Neophytou
Agent Phone: (631) 588-9090
Agency Title: Coldwell Banker American Homes
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3136 Webster Avenue | MLS# 1037960
This commercial property located at 3136 Webster Avenue , Bronx, NY 10467 is currently listed for sale with an asking price of $3,800,000. Webster Avenue is located within the Bronx 9 school district. Search Bronx real estate on lindaneophytou.cbamhomes.com today.