Underbuilt Multifamily Development
For Sale
$4,000,000
1876 University Avenue, Bronx, NY 10453
Two-lot assemblage in an R7-1 zoning district, positioned on a corridor with existing mid-rise multifamily development.
Property SizeContact for details
Lot Size0.18 Acres
Days on Market133
Property Features for 1876 University Avenue
General Information
Standard status
Active
Lot size
0.18 Acres
Property subtype
Land
Zoning
R7-1
Taxes and HOA fees
Annual Taxes
$6,083
Amenities
Public Sewer
Residential, Square Feet
No
Building Details
Year Built
1930
Listing Agency:
Kingdom Connection Realty LLC
(347) 210-0405
Listed By:
Angella V. Griffiths
(347) 210-0405
Source:
Compass
Added: Mar 30
Changed: Aug 8
Last Checked: Mar 30 at 8:48PM
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 a two-lot development assemblage consisting of properties at 1876 and 1880 University Avenue. The assemblage totals approximately 7,747 square feet and is situated mid-block on a corridor already developed with multiple mid-rise multifamily buildings. The property is in an R7-1 zoning district.
Based on preliminary zoning analysis, the site may support approximately 26,000 to 31,000 buildable square feet, suitable for a 5–8 story multifamily building. The location and existing development pattern support a straight-line redevelopment concept within a block that has seen substantial multifamily activity.
This listing is an opportunity to acquire remaining underbuilt land within an established multifamily corridor for prospective developers evaluating mid-rise residential development under R7-1 zoning.
Based on preliminary zoning analysis, the site may support approximately 26,000 to 31,000 buildable square feet, suitable for a 5–8 story multifamily building. The location and existing development pattern support a straight-line redevelopment concept within a block that has seen substantial multifamily activity.
This listing is an opportunity to acquire remaining underbuilt land within an established multifamily corridor for prospective developers evaluating mid-rise residential development under R7-1 zoning.
Key Highlights
- Two‑lot development assemblage at 1876 and 1880 University Avenue in the Bronx, NY
- Total site area of approximately 7,747 SF
- Located in an R7‑1 zoning district permitting mid‑rise multifamily development
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,157
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 in an R7-1 zoning district, positioned on a corridor with existing mid-rise multifamily development.
Where is this residential land & home lot located?
The property is located at 1876 University Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Two‑lot development assemblage at 1876 and 1880 University Avenue in the Bronx, NY; Total site area of approximately 7,747 SF; Located in an R7‑1 zoning district permitting mid‑rise multifamily development
