New York, NY 10462

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,100,000
Annual Taxes:$6,962.28
505 Park Ave, New York, NY 10022
Listing Courtesy of Houlihan Lawrence Inc.

Discover a rare double lot opportunity in one of the Bronx s fastest evolving neighborhoods, 1831 Paulding Avenue, Morris Park.

Description

Discover a rare double-lot opportunity in one of the Bronx’s fastest-evolving neighborhoods, 1831 Paulding Avenue, Morris Park. This two-family residence includes an adjoining 25x100 lot, offering flexibility for parking, outdoor use, or potential future development (subject to zoning and DOB approval). The property features a 2-bedroom/1-bath unit on the main floor and a 1-bedroom/1-bath unit above, each with separate utilities — 3 electric meters and 3 gas meters — keeping operating costs minimal. The landlord pays only water and property taxes, ensuring strong cash flow potential from day one. Driveway + bonus lot accommodate up to 4+ vehicles, a rare find in the Bronx. Future Growth Potential: Morris Park is poised for major transformation, anchored by the upcoming Morris Park Metro-North Station — part of the $500 million East Bronx Transit Access and Rezoning Initiative projected to deliver 7,000+ new housing units and major infrastructure investment. Located near Jacobi Medical Center, Albert Einstein College of Medicine, and major highways, this property sits at the intersection of stability and future opportunity. Whether you’re an investor seeking cash flow, a contractor eyeing redevelopment, or a long-term holder anticipating area growth, 1831 Paulding Avenue offers a rare blend of income, land, and upside. Sold As-Is | Cash Buyers Only, Can be delivered vacant. All information subject to verification by purchaser, architect, and DOB. Call listing agent for a showing now!

Amenities

  • Eat-in Kitchen
  • Electricity Available
  • Fitness Center
  • Insulated Windows
  • Natural Gas Available
  • Open Floorplan
  • Other
  • Park
  • Playground
  • Sewer Connected
  • Sidewalks
  • Storage
  • Trash Collection Public

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.