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 — 2 electric meters and 2 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!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $780,000 | $780,000 | $780,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $580 | $580 | $580 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,307 | $4,676 | $6,477 |
| Total Monthly Payment | $4,979 | $5,348 | $7,149 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.