2408 Webster AveThe Bronx, NY 10458

This exceptional investment opportunity presents a portfolio of two multifamily apartment buildings located at 2408 and 2420 Webster Avenue in the Belmont section of the Bronx, New York. The properties, situated between East 187th and East 188th Streets, boast a combined total of 16 units, offering a mix of free-market and rent-stabilized apartments. Each building, constructed in 1909, is a four-story structure with eight units apiece, totaling approximately 18,573 square feet. The buildings sit on a combined lot size of 7,885 square feet and offer substantial development potential with 27,124 square feet of available air rights. The property benefits from a highly desirable R7-1 zoning designation. This portfolio presents a compelling investment opportunity with a strong 9.88% capitalization rate and is conveniently located within walking distance of the B and D subway lines, providing excellent access to public transportation. The asking price for this exceptional multifamily portfolio is $3,800,000.