Bronx Multifamily Development
For Sale
$2,200,000
1876 Dr Martin L King Jr Blvd, Bronx, NY 10453
Two-lot assemblage suitable for mid-rise multifamily development.
Property SizeContact for details
Days on Market133
Property Features for 1876 Dr Martin L King Jr Blvd
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$6,083
Listing Agency:
Kingdom Connection Realty LLC
(347) 210-0405
Listed By:
Angella V. Griffiths
(347) 210-0405
Source:
Exprealty
Added: Mar 30
Changed: Aug 8
Last Checked: Jul 16 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kingdom Connection Realty LLC
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a two-lot development assemblage located at 1876 and 1880 University Avenue in the Bronx, New York. The properties are located mid-block on a corridor that has already been developed with multiple mid-rise multifamily buildings. The assemblage totals approximately 7,747 square feet and is located in an R7-1 zoning district, allowing for mid-rise multifamily development. Based on preliminary zoning analysis, the site may support approximately 26,000 to 31,000 buildable square feet, making it suitable for a 5–8 story multifamily building. This represents one of the remaining underbuilt assemblage opportunities on a block that has already seen significant multifamily development.
Key Highlights
- Opportunity to acquire a two‑lot development assemblage.
- Located in an R7‑1 zoning district, allowing for mid‑rise multifamily development.
- Site may support approximately 26,000 to 31,000 buildable square feet.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 10453, NY
81,951
Population
28,801
Households
2.8
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
0.9 sq mi
ZIP Area
91,057
Density / Sq Mi
$35,482
Median Household Income
$30,097
Median Earnings
$1,393
Median Rent
$580,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two-lot assemblage suitable for mid-rise multifamily development.
Where is this residential land & home lot located?
The property is located at 1876 Dr Martin L King Jr Blvd Bronx, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Opportunity to acquire a two‑lot development assemblage.; Located in an R7‑1 zoning district, allowing for mid‑rise multifamily development.; Site may support approximately 26,000 to 31,000 buildable square feet.
