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    1181 Sackett Ave Bronx, NY 10461

    For Sale
    $2,300,000

    Commercial Sale - Bronx, NY

    Property size:
    3,960 SF
    Lot size:
    0.07 Acres
    Days on Market:
    247
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 1181 Sackett Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    15-4091-1
    Parking
    5
    Parking features
    Garage
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    3,960 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Oil
    Cooling system
    Multi Units

    Building Details

    Year built
    1920
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    Richard Greco Real Estate (914) 469-5946 [email protected]

    Listing agent Richard Greco (718) 518-8588 License #35GR0245678

    Listing date Apr 12, 2025

    MLS# 848299 Listing URL

    Copyright © 2025 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.

    Overview

    Morris Park 5-Family Investment Opportunity

    This five-family property is located in the Morris Park neighborhood. The building contains five rental units: four one-bedroom apartments and one three-bedroom apartment. A five-car garage is also included. The property is not subject to rent control or rent stabilization, and there are no existing leases. The projected gross annual rent after takeover is $136,200. The property is located within close proximity to Montefiore Hospital, 10 minutes from the Hutchinson River Parkway, and 15 minutes from the Bruckner and Cross Bronx Expressway. The site was formerly a hat manufacturing company with retail space at the front. The lot size is 0.069 acres, and the living area is 3,960 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.846478
    Latitude
    40.847499

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    FAQs

    What type of property is this?
    Apartment building - Five unit building with garage near Montefiore Hospital.
    Where is this apartment building located?
    The property is located at 1181 Sackett Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - No Rent Control, No Rent Stabilization, No Leases: Offers immediate opportunity to set market rents and maximize income.; - Projected Gross Annual Rent: $136,200 after rents are adjusted to market value.; - 5-Car Garage: Provides significant additional income potential or tenant amenity.
    (718) 518-8588
    Request Owner's contact information
    1181 Sackett Ave Bronx, NY 10461
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    Bronx, NY 10461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1181 Sackett Ave Bronx, NY 10461
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