2323 Powell Avenue, New York, NY, 10462
$1,100,000
$1,000,000
activeBedrooms
4
Bathrooms
4
Lot Size
5,150 sqft
Year Built
1920
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
**An Unparalleled Opportunity: Tudor Two-Family Home with Development Potential in Castle Hill** Discover an exceptional investment or owner-occupancy opportunity at 2323 Powell Avenue, a distinguished Tudor-style two-family home nestled in the vibrant Castle Hill section of the Bronx, NY. This unique property sits proudly on an expansive 50x103 foot lot, offering significant space and versatility. The residence features a generously sized **three-bedroom duplex** that serves as the main living space. This charming unit boasts a well-appointed kitchen, a dedicated dining area perfect for gatherings, and two full bathrooms, providing comfortable and flexible living. Additionally, the property includes a separate **one-bedroom apartment**, ideal for rental income or an extended family member. Adding to its appeal is a **bonus studio apartment**, further enhancing the income potential or offering additional flexible space. Beyond the existing charming structure, this property's true value is amplified by its **R5 zoning**, allowing for a maximum Floor Area Ratio (FAR) of 6,438 buildable square feet. This zoning designation, combined with the substantial lot size, makes 2323 Powell Avenue an **ideal canvas for investors and developers** seeking to maximize their return in a burgeoning urban landscape. The large lot also provides ample space for **parking several vehicles**, a highly sought-after amenity in New York City, adding convenience for residents and tenants alike. Located in a **great location close to all amenities**, residents will enjoy easy access to local shops, diverse dining options, public transportation (including express buses and subway lines for a quick commute to Manhattan), schools, and recreational parks. This property offers a rare combination of charming residential living with significant development upside in a prime Bronx neighborhood. Don't miss this opportunity to acquire a versatile asset with immense potential. Property is selling as is and predates CO.
Listed by Jose J. Flores, EXIT Realty Private Client
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 18, 2026, 2:51 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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