1030 Summit Ave
Bronx, NY 10452
Highbridge- 7 Beds
- 2 Baths
- 2,808 sqft
7 Beds
2 Baths
2,808 sqft
Local Information
-- mins to
Description
Showings are by appointment - please contact the listing brokerage Harlem Lofts for your private tour.
Buy and Hold at 8.5% or 10.0% (!) while waiting for the south Bronx values to increase even more with the ongoing Mott Haven/ South Bronx development activity!
The current layout at 1030 Summit Avenue is optimal for rental income with a legal 2 family Certif. of Occ., newly renovated boutique apartments, 6-7 bedrooms total, and a garage that can easily be rented separately! Projected Capitalization Rate (Cap rate) in current configuration:
8.5% CAP Rate based on free market rents
10.0% (!) CAP rate based on institutional/NYC rents
Please contact the listing brokerage for Pro Forma documents with additional details.
If used as a development site for a new rental building, the lot has a maximum Buildable Square Footage of 8,600 BSF and potential CAP rate of 8.5% following construction/holding costs. As development activity in the South Bronx increases, the value of the property and return on investment will also increase!
1030 Summit Avenue is located close to Yankee Stadium and the Macombs Dam and Joyce Kilmer Parks, and a short five-minute drive across the Macombs Dam Bridge into Manhattan. The 4, B and D subway lines are just an easy stroll away.
This property represents an outstanding opportunity for an Owner-Landlord or Investor. Contact the listing broker Harlem Lofts Inc today for your private showing!
Buy and Hold at 8.5% or 10.0% (!) while waiting for the south Bronx values to increase even more with the ongoing Mott Haven/ South Bronx development activity!
The current layout at 1030 Summit Avenue is optimal for rental income with a legal 2 family Certif. of Occ., newly renovated boutique apartments, 6-7 bedrooms total, and a garage that can easily be rented separately! Projected Capitalization Rate (Cap rate) in current configuration:
8.5% CAP Rate based on free market rents
10.0% (!) CAP rate based on institutional/NYC rents
Please contact the listing brokerage for Pro Forma documents with additional details.
If used as a development site for a new rental building, the lot has a maximum Buildable Square Footage of 8,600 BSF and potential CAP rate of 8.5% following construction/holding costs. As development activity in the South Bronx increases, the value of the property and return on investment will also increase!
1030 Summit Avenue is located close to Yankee Stadium and the Macombs Dam and Joyce Kilmer Parks, and a short five-minute drive across the Macombs Dam Bridge into Manhattan. The 4, B and D subway lines are just an easy stroll away.
This property represents an outstanding opportunity for an Owner-Landlord or Investor. Contact the listing broker Harlem Lofts Inc today for your private showing!
1030 Summit Ave, Bronx, NY 10452 is a 7 bedroom, 2 bathroom, 2,808 sqft multi-family in Highbridge, built in 1901. It last sold for $798,250 on Jan 2, 2024 (3% above the $775,000 asking price). More recently, it was listed as a rental in September 2024 with an asking price of $3,027 per month. That rental listing was removed on October 26, 2024. It is currently off market. The Trulia Estimate is $935,300, with a rent estimate of $3,405/month.
Contact this Building
Home Highlights
Parking
Garage
Outdoor
Yes
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1030 Summit Ave
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MLS Status: Sold |
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Interior Details Number of Rooms: 13 |
Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2808 Square Feet |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Floors: Hardwood |
View Has a ViewView: City, Garden |
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Exterior Home Features Patio / Porch: OtherExterior: GardenGarden |
Parking & Garage Has a GarageParking: Garage |
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Year Built Year Built: 1901 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
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Price List Price: $775,000 |
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Direction & Address City: BronxCommunity: Highbridge |
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Building Area Building Area: 2808 Square Feet |
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Special Conditions: Resale |
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Mls Number: S1643858Listing Url |
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STREETEASY Property ID: 24058381STREETEASY Building ID: 6449072 |
Last check for updates: about 11 hours ago
Listed by Robert Pair
Harlem Lofts
Source: StreetEasy, MLS#S1643858
Price History for 1030 Summit Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 10/26/2024 | $3,027 | ListingRemoved | OneKey® MLS as distributed by MLS GRID #H6309619 |
| 09/17/2024 | $3,027 | Listed For Rent | OneKey® MLS as distributed by MLS GRID #H6309619 |
| 08/16/2024 | ListingRemoved | OneKey® MLS as distributed by MLS GRID #H6309619 | |
| 05/29/2024 | $3,027 | Listed For Rent | OneKey® MLS as distributed by MLS GRID #H6309619 |
| 01/02/2024 | $798,250 | Sold | N/A |
| 12/13/2023 | $775,000 | Pending | StreetEasy |
| 11/03/2023 | $775,000 | PriceChange | StreetEasy |
| 10/17/2023 | $808,000 | Pending | StreetEasy |
| 10/17/2023 | ListingRemoved | StreetEasy | |
| 08/30/2023 | $808,000 | Pending | StreetEasy |
| 05/22/2023 | $808,000 | Listed For Sale | StreetEasy |
| 03/16/2023 | ListingRemoved | OneKey® MLS as distributed by MLS GRID #H6233898 | |
| 01/25/2023 | $750,000 | Listed For Sale | StreetEasy |
| 04/26/2016 | $429,000 | ListingRemoved | Agent Provided |
| 02/11/2016 | $429,000 | Listed For Sale | Agent Provided |
Market trends in New York
Last updated June 2026
Avg. sale price
$767K
$4.33KMoM
Sale-to-List Price
97.9%
0.1%MoM
Price per sq ft
$653
$10MoM
Available listings
18631
48MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,216 |
| Assessment | $777,000 |
Home facts updated by county records
Comparable Sales for 1030 Summit Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $927,000 | 02/13/26 | 7 | 3 | 2,730 | |
0.10 | Multi-Family Home | $910,000 | 09/11/25 | 8 | 3 | 2,730 | |
0.06 | Multi-Family Home | $815,000 | 12/26/25 | 6 | 3 | 1,540 | |
0.19 | Multi-Family Home | $600,000 | 02/23/26 | 6 | 3 | 1,697 | |
0.54 | Multi-Family Home | $735,000 | 01/16/26 | 6 | 3 | 1,776 | |
0.69 | Multi-Family Home | $800,000 | 05/13/26 | 5 | 4 | 2,583 | |
0.77 | Multi-Family Home | $1,130,000 | 01/30/26 | 6 | 3 | 3,354 | |
0.70 | Multi-Family Home | $850,000 | 12/12/25 | 11 | 4 | 3,104 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1030 Summit Ave.
What Locals Say about Highbridge
At least 681 Trulia users voted on each feature.
88 % Say it's walkable to grocery stores
87 % Say there are sidewalks
77 % Say it's dog friendly
73 % Say it's walkable to restaurants
64 % Say streets are well-lit
63 % Say kids play outside
62 % Say there's holiday spirit
44 % Say neighbors are friendly
42 % Say people would walk alone at night
42 % Say they plan to stay for at least 5 years
40 % Say car is needed
36 % Say yards are well-kept
31 % Say there's wildlife
31 % Say there are community events
29 % Say it's quiet
20 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
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