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Exceptional development opportunity in the vibrant heart of Fordham, Bronx. This 2-family residence, built in 1920, sits on a 3,924 sq ft lot with 3,696 sq ft of building space. The property's R6 zoning designation unlocks significant development potential for residential expansion and redevelopment. **Welcome to Fordham – Where Community Thrives** Fordham is a dynamic, welcoming neighborhood that pulses with authentic energy and cultural richness. Anchored by historic Fordham University, this beloved community features tree-lined streets, charming pre-war brownstones, and a wonderful mix of architectural character. The neighborhood radiates with life – from diverse local restaurants and shops along the bustling Fordham Road corridor to the natural beauty of the NY Botanical Garden and Bronx Zoo nearby. What makes Fordham special is its strong sense of community. Year-round festivals, cultural celebrations, and neighborhood institutions create a warm, inclusive atmosphere where families, young professionals, and longtime residents thrive together. The area is experiencing exciting growth – projected to add nearly 1,000 new households over the next 5 years – signaling strong confidence in the neighborhood's future. **Smart Investment Fundamentals:** The numbers back up the neighborhood's appeal. With a robust rental market (median rent $1,384/month), 97% renter-occupied housing, and steady population growth of 4.5% over 5 years, this is a neighborhood on the rise. Strategic location near major employers, universities, and attractions ensures consistent demand. **Development Highlights:** • R6 Zoning - Maximum development flexibility and residential potential • Strong Rental Market - Proven demand with 97% renter-occupied housing • Population Growth - 4.5% projected 5-year increase to 62,682 residents • Vibrant Community - Cultural diversity, local businesses, and strong institutions • Strategic Location - Near Fordham University, NY Botanical Garden, Bronx Zoo • 3,924 sq ft Lot - Excellent for redevelopment and expansion Perfect for developers, investors, and builders seeking strategic growth opportunities in a thriving, welcoming community. This property represents a compelling entry point for residential development in Fordham's vibrant and rapidly appreciating market.

Source: OneKey MLS, MLS#: 1009289

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  • Property Type
    Residential Income
  • Lot
    0.09 acres

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Julia Ricciuti

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 2540 Davidson Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/26/2026Source: OneKey MLS Added to Database
June 26, 2026
Listing provided courtesy of Locqube New York, Inc.Al Morrobel- MLS# 1009289MLS Provider