Two-Family Residence with R6
2540 Davidson Avenue Bronx, NY 10468
2540 Davidson Avenue, Bronx, NY, 10468
$1,400,000
For Sale
$1,400,000
Built in 1920, this two-family residence includes a 3,924 sq ft lot and R6 zoning for residential development.
Property Size3,696 SF
Lot Size0.09 Acres
Price / SF$378.79
Days on Market48
Property Features for 2540 Davidson Avenue
General Information
- Standard status
- Active
- Size
- 3,696 SF
- Lot size
- 0.09 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Locqube New York, Inc.
(347) 657-1114
Listed by
Al Morrobel
(347) 657-1114
Source
Compass
Added: Jun 5 Updated: Jul 21 at 8:33AM Checked: Jul 22 at 9:01AM
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 Locqube New York, Inc.
Investment Insights
Based on property information with market context.
This 1920-built two-family residence offers a straightforward base for residential expansion or redevelopment, supported by R6 zoning. The property sits on a 3,924 sq ft lot with 3,696 sq ft of building space.
Located at 2540 Davidson Avenue in the Bronx, the opportunity is positioned in the Fordham area and is described as being near Fordham University and other nearby attractions in the community.
For buyers and investors seeking a residential development entry point, the property’s combination of existing two-family structure, lot size, and R6 zoning is central to the opportunity described.
Located at 2540 Davidson Avenue in the Bronx, the opportunity is positioned in the Fordham area and is described as being near Fordham University and other nearby attractions in the community.
For buyers and investors seeking a residential development entry point, the property’s combination of existing two-family structure, lot size, and R6 zoning is central to the opportunity described.
Key Highlights
- 2‑family residence built in 1920 in the Fordham area of the Bronx
- 3,924 sq ft lot with 3,696 sq ft of building space
- R6 zoning designation for residential expansion and redevelopment
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.9k | $38.40 |
| − Vacancy | −$7.8k | −$2.11 |
| EGI | $134.1k | $36.29 |
| − OpEx | −$40.2k | −$10.89 |
| NOI | $93.9k | $25.40 |
3,696 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,884 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,021 @ 7.0% cap · market cap 6.07%
Theoretical Best
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,275 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1920, this two-family residence includes a 3,924 sq ft lot and R6 zoning for residential development.
Where is this duplex located?
The property is located at 2540 Davidson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2‑family residence built in 1920 in the Fordham area of the Bronx; 3,924 sq ft lot with 3,696 sq ft of building space; R6 zoning designation for residential expansion and redevelopment
