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Two-Family Development Opportunity
For Sale
$1,800,000

2138 REEDS MILL Ln The, Bronx, NY 10475

Two-family residence on two adjoining lots, built circa 1915, with FAR 0.75 in an F4 residence district.

Property Size833 SF
Lot Size0.27 Acres
Days on Market54

Property Features for 2138 REEDS MILL Ln The

General Information

Standard status Active
Size 833 SF
Lot size 0.27 Acres
Property subtype Multi Family
Zoning F4

Additional Details

Highway Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,196

Building Details

Building Size 833 SF
Year Built 1915
Stories 2
Units 2
Listing Agency: Douglas Elliman Real Estate
Listed By: Marjo Ivaska-Sergeant · License #40BE1031534
Source: Elliman
Added: Jul 9 Changed: Aug 28 Last Checked: Aug 30 at 7:26PM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This offering includes a two-family house built circa 1915 along with the opportunity presented by two adjoining lots in the Eastchester section of the Bronx. The property at 2138 Reeds Mill Lane consists of a two-family structure situated on a lot size of approximately 11,630 square feet with a stated 171 x 97 foot frontage. The listing notes FAR of 0.75 and placement within an F4 residence district.

The site is described as located between Baychester Avenue and Tillotson Avenue. The area is characterized by proximity to Metro North Bronx stations, major highways, and public transit including subways and buses. The remarks also cite nearby shopping and recreational destinations such as Baychester Mall, City Island, and Orchard Beach.

For buyers evaluating redevelopment alongside an existing income-producing structure, the combination of two adjoining lots and stated site parameters may support development activity already underway in the surrounding area.

Key Highlights

  • Two adjoining lots in the Eastchester section of the Bronx with a two‑family house
  • Built circa 1915; 2138 Reeds Mill Lane two‑family residence
  • Lot size approx. 11,630 SF with 171 ft x 97 ft frontage dimensions

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Computer & Electronic Repair (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,303
Businesses Nearby

Demographics for 10475, NY

42,609
Population
19,333
Households
2.2
Avg Household Size
49
Median Age
28%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
35,508
Density / Sq Mi
$62,383
Median Household Income
$46,476
Median Earnings
$1,221
Median Rent
$31,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family residence on two adjoining lots, built circa 1915, with FAR 0.75 in an F4 residence district.
Where is this duplex located?
The property is located at 2138 REEDS MILL Ln The Bronx, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two adjoining lots in the Eastchester section of the Bronx with a two‑family house; Built circa 1915; 2138 Reeds Mill Lane two‑family residence; Lot size approx. 11,630 SF with 171 ft x 97 ft frontage dimensions
More about this property
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