![[Mosholu Real Estate, listing number 7323837]](https://www.vlshomes.com/images/full/7323837a.jpg)
| Description: 7323837 | |
| 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. | |
Details: |
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| Property Type: | House | |
| Acres: | 0.19 | |
| Built: | 1920 | |
| School District: | Contact Agent | |
Financials: |
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| Price: | $3,800,000 | |
| Taxes: | $23,920 | |
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