Property Description

DEVELOPMENT FUNDAMENTALS This 5,890 sq ft corner lot represents a rare redevelopment opportunity in one of the Bronx's highest-density, most transit-accessible corridors. The existing 3-family building (3,614 sq ft) sits on a substantially underbuilt lot. Under current zoning, the site supports FAR 2.43, enabling approximately 14,313 sq ft of buildable area-creating 10,699 sq ft of additional development capacity above the existing structure.MARKET FUNDAMENTALS & RENTAL DEMAND The Fordham submarket demonstrates exceptional rental strength: 97.25% renter-occupied units, median rent of $1,365/month, and 19,033 households within the immediate neighborhood. This persistent demand supports stable income during any hold period and provides downside protection during repositioning phases. The area maintains 100,957 persons per sq mi density-among the highest in New York City.STRATEGIC LOCATION & TRANSIT ACCESS 2532 Davidson Avenue anchors a major commercial and employment hub with 1,257 establishments, multiple subway lines (2, 4, 5, D trains), and proximity to Fordham University, the New York Botanical Garden, and the Bronx Zoo. The location benefits from consistent foot traffic, institutional employment, and tourism-driven activity, supporting both residential and mixed-use development strategies.REDEVELOPMENT POTENTIAL The property's underutilized zoning envelope creates a clear path for value creation through expansion, repositioning, or ground-up redevelopment. Current income from the 3-family building provides cash flow during acquisition, planning, and entitlement phases, enhancing project feasibility.INVESTMENT THESIS Strong rental demand, high neighborhood density, strategic transit access, and significant unused development capacity position this site for meaningful upside. The Bronx rental market continues to show supply constraints and persistent demand, making this property an attractive opportunity for developers seeking scalable Bronx exposure with a straightforward path to value.

Property Features

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