Bronx Multifamily Investment
1119 Morris Avenue Bronx, NY 10456
1119 Morris Avenue, Bronx, NY, 10456
$1,650,000
Pending
For Sale
$1,650,000
Pending
MULTI_FAMILY - Bronx, NY
Property Size6,401 SF
Lot Size0.08 Acres
Days on Market218
Property Features for 1119 Morris Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Gas Water Heater
- Standard status
- Pending
- APN
- 02449-0028
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16915
Utilities
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1927
- Number of units
- 5
- Building materials
- Brick
Listing agency
Soler Realty
(917) 710-3528
Listed by
Marcus E. Soler
(646) 630-6899
Added: Dec 16, 2025 Updated: Jul 13 at 2:34PM Checked: Jul 22 at 11:06AM
MLS# 883191
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Concourse area of the Bronx, this detached 3-story building at 1119 Morris Avenue presents an expansive multi-family investment opportunity. The property offers approximately 6,401 square feet and includes 6 residential units. The unit layouts feature multiple larger 3-bed and 2-bed configurations. Delivered vacant, the property provides full control for renovation and income optimization. There is excellent upside potential to reconfigure or add bedrooms for increased rental revenue. Situated a short walk from the B & D subway lines and local transit, this property is in a transit-oriented, walkable neighborhood. The lot size is 0.0805 acres.
Key Highlights
- Detached 3‑story multi‑family building at 1119 Morris Avenue in the Concourse area of the Bronx
- 6 residential units in a building with approximately 6,401 sq ft total
- Unit mix includes multiple larger 3‑bed and 2‑bed layouts
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.0k | $45.00 |
| − Vacancy | −$15.8k | −$2.48 |
| EGI | $272.2k | $42.53 |
| − OpEx | −$122.5k | −$19.14 |
| NOI | $149.7k | $23.39 |
6,401 SF · lease $45.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.87M – $2.50M
NOI $149,711 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,749 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Detached 3-story building with 6 vacant units in the Bronx.
Where is this apartment building located?
The property is located at 1119 Morris Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Detached 3‑story multi‑family building at 1119 Morris Avenue in the Concourse area of the Bronx; 6 residential units in a building with approximately 6,401 sq ft total; Unit mix includes multiple larger 3‑bed and 2‑bed layouts
