2540 Davidson Avenue, New York, NY, 10468
$1,400,000
activeBedrooms
7
Bathrooms
2
Lot Size
3,924 sqft
Year Built
1920
Garage
1 car
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Exceptional development opportunity in the vibrant heart of Fordham, Bronx. This 2-family residence, built in 1920, sits on a 3,924 sq ft lot with 3,696 sq ft of building space. The property's R6 zoning designation unlocks significant development potential for residential expansion and redevelopment. **Welcome to Fordham – Where Community Thrives** Fordham is a dynamic, welcoming neighborhood that pulses with authentic energy and cultural richness. Anchored by historic Fordham University, this beloved community features tree-lined streets, charming pre-war brownstones, and a wonderful mix of architectural character. The neighborhood radiates with life – from diverse local restaurants and shops along the bustling Fordham Road corridor to the natural beauty of the NY Botanical Garden and Bronx Zoo nearby. What makes Fordham special is its strong sense of community. Year-round festivals, cultural celebrations, and neighborhood institutions create a warm, inclusive atmosphere where families, young professionals, and longtime residents thrive together. The area is experiencing exciting growth – projected to add nearly 1,000 new households over the next 5 years – signaling strong confidence in the neighborhood's future. **Smart Investment Fundamentals:** The numbers back up the neighborhood's appeal. With a robust rental market (median rent $1,384/month), 97% renter-occupied housing, and steady population growth of 4.5% over 5 years, this is a neighborhood on the rise. Strategic location near major employers, universities, and attractions ensures consistent demand. **Development Highlights:** • R6 Zoning - Maximum development flexibility and residential potential • Strong Rental Market - Proven demand with 97% renter-occupied housing • Population Growth - 4.5% projected 5-year increase to 62,682 residents • Vibrant Community - Cultural diversity, local businesses, and strong institutions • Strategic Location - Near Fordham University, NY Botanical Garden, Bronx Zoo • 3,924 sq ft Lot - Excellent for redevelopment and expansion Perfect for developers, investors, and builders seeking strategic growth opportunities in a thriving, welcoming community. This property represents a compelling entry point for residential development in Fordham's vibrant and rapidly appreciating market.
Listed by Al Morrobel, Locqube New York, Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 29, 2026, 4:52 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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