2419 Southern Blvd, Bronx, NY 10458

This mixed-use property at 2419 Southern Blvd, Bronx, NY 10458, offers a compelling investment opportunity. The 2,473 square foot building currently consists of two vacant, renovated duplex units (2419 and 2421), each featuring two bedrooms and one bathroom. Situated on a 0.06-acre lot in R7-1 zoning, the property enjoys a prime location near Fordham University. A significant advantage is the substantial remaining buildable square footage of 7,804 square feet, adding up to a total buildable area of 9,904 square feet. This allows for the potential development of a larger multi-family building, with a possible design including fourteen units across six stories. A proposed layout could incorporate eight one-bedroom units, five studio units, and one two-bedroom unit, plus a penthouse. The asking price is $1,099,000. This property presents a rare chance to capitalize on both immediate rental income and significant long-term development potential in a desirable Bronx location.