The New York Multifamily Team at Marcus & Millichap is pleased to present the following opportunity in the Foxhurst neighborhood of the Bronx. 1034 & 1036 Longfellow Avenue are two contiguous four- family walk-up buildings totaling 6,400 square feet. Just south of Westchester Avenue and E 165 Street, these assets offer investors a unique opportunity to capitalize on immediate upside potential by transitioning units to Section-8 rental income.
Additionally, 1034–1036 Longfellow offer a combined 10,400 square feet of unused buildable area, providing the potential for an Alt-1 conversion, or up to 17,200 buildable square feet in a full redevelopment scenario. These tax-class protected buildings are ideally located near Lyons Square and Longfellow Playgrounds, The Vida Bogart School, and the Hunts Point Avenue 6 train.