907 Summit Ave Bronx, NY 10452
Two-family property with Hudson River views and development potential.
Property Features for 907 Summit Ave
General Information
- Standard status
- Active
- Size
- 2,892 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1905
Listing office Link NY Realty (646) 321-9428
Listing date Jan 27, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Breathtaking Hudson River views from the entire building.
- Fully detached two‑family property with dual street access.
- Outstanding development potential due to R7 zoning and riverfront location.
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 | $107.6k | $37.20 |
| − Vacancy | −$7.0k | −$2.42 |
| EGI | $100.6k | $34.78 |
| − OpEx | −$30.2k | −$10.43 |
| NOI | $70.4k | $24.35 |
