240 East Tremont Avenue, Bronx, NY 10457 (MLS # 11716585)
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240 East Tremont Avenue: a mixed-use asset comprised of 8 residential units and 2 retail spaces. This is a rare opportunity to acquire a cash-flowing property with a clear runway toward future redevelopment. The existing building consists of a 4-story, 12,160 SF building configured with 8 apartments and 2 stores. The residential mix includes 6 rent-stabilized units and 2 market-rate units. Currently, two rent-stabilized apartments and one retail space are vacant. All leases are scheduled to expire in early 2027, offering near-term flexibility for repositioning, owner-occupancy, or a phased redevelopment strategy. The R8 zoning allows for 29,548 buildable SF as-of-right, with the potential to increase to 35,458 with UAP, positioning the asset as a viable long-term development play. The property benefits from strong transit accessibility, located approximately 0.2 miles from the B/D subway lines on Tremont Av, 0.3 miles from Metro-North, and 0.4 miles from the 4 train on Jerome Av. This connectivity enables direct access to Midtown Manhattan in under 30 minutes. The surrounding neighborhood is well-supported by essential amenities, including schools, healthcare facilities, and neighborhood retail, reinforcing long-term residential demand.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/22/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | Bronx |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| CONSTRUCTION | Brick |
|---|---|
| STORIES | 4 |
| STYLE | 0 |
MORTGAGE CALCULATOR
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Listing provided by Maha Alaoui, Landair Property Advisors, LLC
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