940 E 181st St #1-3, Bronx, NY, 10460

About This Home

940 East 181st Street is a three-family building located in the West Farms neighborhood of the Bronx. The property spans approximately 3,087 sq. ft. and is configured as a ground-floor studio apartment, a three-bedroom/one-bath apartment, and a five-bedroom/two-bath duplex with direct access to a spacious private backyard. The property also benefits from a private driveway and ample street parking, amenities that are increasingly difficult to find. Delivered vacant at closing, 940 E 181 St presents a rare opportunity for investors to lease all three units at market rents, for owner-occupants to live in one unit while generating income from the others, or for value-add buyers to reposition the asset. Beyond its current use as a multifamily property, the site offers significant development potential. Zoned R7-1, the property permits approximately 11,482 buildable square feet as-of-right and up to 16,723 buildable square feet through UAP, creating opportunities for redevelopment or alteration. Conveniently located 0.4 miles from the West Farms Square–East Tremont Avenue subway station (2 and 5 trains), the property is also served by the Bx9, Bx21, and Bx36 bus routes. Nearby amenities include Bronx Park, the Bronx Zoo, the New York Botanical Garden, the East Tremont Avenue retail corridor, Fordham University, major healthcare facilities, and numerous neighborhood schools. Whether acquired as a multifamily investment, owner-occupied residence with supplemental rental income, or development opportunity, 940 East 181st Street offers multiple avenues for value creation in a well-connected Bronx location.