Excellent opportunity to acquire a renovated, legal three-family property with strong cash flow and high NOI. The three-story building features three spacious residential apartments, with each unit occupying its own floor. Apartment 1: 2 bedrooms, 1 bathroom Apartment 2: 4 bedrooms, 2 bathrooms Apartment 3: 5 bedrooms, 2 bathrooms All three units are rented and income producing, offering investors immediate rental income and a strong existing cash-flow profile. The property's legal three-family configuration, large apartment layouts, and renovated condition make it an attractive investment opportunity with additional upside. Located in the Bronx, the property is surrounded by parks, restaurants, shopping, grocery stores, and public transportation, offering residents convenient access to everyday amenities and neighborhood attractions. Development Potential: The property sits on a 25' x 136' lot and is located in an R7B zoning district with a residential FAR of 3.0. The existing income-producing property also offers additional development potential, providing an opportunity for an investor or developer to explore future expansion or redevelopment, subject to applicable zoning and building regulations.Featured Residential Sales.
Listing by Brown Harris Stevens Residential Sales LLC
Around this home
Schools
K - 12
Preschool & daycare
PS Is 54
Public PreK-5 • Assigned • 0.1mi
4/10
Thomas C Giordano Middle School 45
Public 6-8 • Assigned • 0.5mi
5/10
Provided by GreatSchools
About Fordham
Manor
Fordham Manor, located between Fordham Road and the Harlem River, is a residential and academic Bronx neighborhood with hillside streets and prewar apartment blocks. The neighborhood’s pulse concentrates around the Fordham Road–Webster Avenue crossroads, where produce markets, independent bakeries, and sidewalk vendors set a fast, street-level rhythm. The New York Botanical Garden and the Bronx Zoo act as cultural anchors, with Fordham University’s Rose Hill campus shaping the daily cadence. Brick walk-ups and elevator buildings line quieter blocks, while Grand Concourse edges bring broader boulevards and Art Deco details. Transit nodes and campus foot traffic keep storefront corridors active, and the river-adjacent slopes open occasional skyline views.
Provided by Walk Score and Local Logic
Market insights
2707 Decatur Ave · $1,300,000
DAYS ON MARKET
25 days
The average home goes pending in 55 days.
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
LIST PRICE
$1,300,000
Median list price in this area is $738,835. (43% lower than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
High ceilings
Bathrooms
5 full bathrooms
Kitchen
Gas oven
Refrigerator
Heating & cooling
Natural gas heating
Electric cooling
Exterior features
No waterfront
Frame construction
Home design
Townhouse
Single-family residence
Measured living area
Parking
No carport
No designated parking
Construction
Frame construction
Utilities
Public sewer
Cable connected
Electricity connected
Natural gas connected
Electricity and solar
View estimated energy costs and solar savings for this home
East Village, Manhattan East Village, Manhattan In contextual R7B districts, the mandatory Quality Housing regulations are similar to those of R6B districts but the higher floor area ratio(FAR) and height limit generally produce six- to seven-story apartment buildings rather than the rowhouses typical of R6B districts. There are R7B districts in Brooklyn and throughout Queens, including portions of Rego Park. Parts of the East Village in Manhattan are also mapped R7B.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Religious facility
Healthcare
Housing-Single unit
Housing-Multiple units
Educational / school
Library
Museum / gallery
Golf related
Park & open space
Jun 7, 2021 • Final
Alteration
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Bronx, NY • 10458
Average low and high temperatures (°F)
35
25
38
26
54
38
64
48
70
57
80
67
85
71
81
66
76
64
66
53
55
43
41
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.7 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2707 Decatur Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $860,000 and $1,425,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $860K to $1.4M.