931-939 Summit Ave, Bronx, NY 10452

Listing agent Jared Friedman License #NY

Listing office IPRG Investment Property Realty Group

Listing date Jun 5, 2026

Source Crexi

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Overview

This offering presents a newly constructed multifamily package comprising two address groupings in the Bronx. At 931-939 Summit Avenue, there are four contiguous eight-unit buildings for a total of 32 apartments, with a unit mix of one studio-bedroom, five 1-bedrooms, and two 2-bedrooms per building. At 987-989 Ogden Avenue, there are four contiguous 14-unit buildings for a total of 28 apartments, with a unit mix of two studios, five 1-bedrooms, and 12 1-bedrooms per building. The Summit Avenue buildings were built in 2015, and the Ogden Avenue buildings were built in 2018. Both groups currently benefit from 421A tax abatements, with expiration dates in 2030 and 2034, respectively.

The property is in the High Bridge section of the Bronx and is described as within walking distance to the B, D and 4 subway train station.

For investors or operators seeking a larger, build-year recent apartment package, the combination of contiguous buildings and defined unit mixes across both locations supports consistent property management. The presence of expiring 421A abatements also provides a clear timeline for transitioning the apartments to free-market status after each expiration date, based on the terms described for this package.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Bronx

County

Bronx

State

New York

Longitude

-73.931515

Latitude

40.830957

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FAQs

What type of property is this?

Apartment building - Newly constructed multifamily package totaling 60 units, with 421A abatements scheduled to expire in 2030 and 2034.

Where is this apartment building located?

The property is located at 931-939 Summit Ave Bronx, NY.

What is the asking price?

The asking price for this property is $9,000,000.

What are key features of this property?

This property features: Newly constructed Bronx multifamily package offered together: 60 total units across four buildings on Summit Ave and two buildings on Ogden Ave; 931‑939 Summit Avenue: four contiguous 8‑unit buildings with 32 total units; built in 2015; 987‑989 Ogden Avenue: two contiguous 14‑unit buildings with 28 total units; built in 2018