Back to Search

Newly Developed Six-Family Townhouse

1047 Morris Ave The, Bronx, NY 10456

View on Map

For Sale

$2,499,999

Modern six-family townhouse in Concourse Village with strong income.

Type:Commercial

HighLights

Strong Income Potential: Approximately $180K gross income and $165K NOI, delivering a solid ~6.5% cap rate.
High Transit Score: Perfect transit score of 100, with access to multiple train and bus lines.
Modern, Turnkey Residences: Featuring custom finishes including flint‑grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring.
Development Potential: Zoned R7‑1, allowing for approximately 3,498 additional buildable square feet.
Convenient Amenities: Includes parking for two vehicles, common laundry, and a security camera system.
Excellent Location: Close to playgrounds, supermarkets, restaurants, schools, and major roadways.

We can help!

Listing Contact

Jeffrie Pena

Learn more

For Sale

$2,499,999

Modern six-family townhouse in Concourse Village with strong income.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 58
Last Refresh:: Apr 24 at 3:48 pm

Property Features for 1047 Morris Ave The

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1905

We can help!

Listing Contact

Jeffrie Pena

Listing agent Jeffrie Pena License #10401261474

Listing office Pantiga Group Inc.

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Pantiga Group Inc.

HighLights

Strong Income Potential: Approximately $180K gross income and $165K NOI, delivering a solid ~6.5% cap rate.
High Transit Score: Perfect transit score of 100, with access to multiple train and bus lines.
Modern, Turnkey Residences: Featuring custom finishes including flint‑grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring.
Development Potential: Zoned R7‑1, allowing for approximately 3,498 additional buildable square feet.
Convenient Amenities: Includes parking for two vehicles, common laundry, and a security camera system.
Excellent Location: Close to playgrounds, supermarkets, restaurants, schools, and major roadways.

Overview

This newly developed brick six-family townhouse is located in the fast-growing Concourse Village corridor. The property generates approximately $180K in gross income and an estimated $165K NOI. Each residence features custom finishes, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring. Spacious living rooms flow seamlessly into the kitchens. Well-placed powder rooms offer added convenience. Bedrooms accommodate full furniture sets, and each unit is equipped with wall units providing efficient heating and cooling. The six-family configuration includes two 2-bedroom / 1-bath units, three 1-bedroom units, and one studio apartment with ground-floor access. The building also features parking for two additional vehicles, along with common laundry, a security camera system, and pet-friendly accommodations. Tenants are responsible for their own utilities. The property is zoned R7-1, allowing for approximately 3,498 additional buildable square feet, presenting a development or expansion opportunity. Positioned in the Concourse section of the Bronx, the building is near playgrounds, supermarkets, restaurants, schools, and extensive transit options (4, B, D trains + Bx32, Bx19, Bx21, Bx33, M125). With access to major roadways and the George Washington Bridge, commuting is efficient.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Bronx
County: Bronx
State: New York
Longitude: -73.916467
Latitude: 40.82974

Nearby Similar for Sale

$949,000

2,988 SF

Versatile Commercial Property in Bronx, NY

Income-generating commercial property with dual storefronts in a growing market.

70 Grace Church Street, Bronx, NY 10573

View Details
$456,000

3,000 SF

Established Laundromat Business For Sale

High-income laundromat business in the Bronx with steady customer base.

98 W 162nd Street, Bronx, NY 10452

View Details
$2,880,000

5,000 SF

Bronx Retail Investment Opportunity

Freestanding retail property in the Bronx, fully leased.

1254 Southern Boulevard, Bronx, NY 10459

View Details
$1,288,000

3,312 SF

Spacious Two-Family Bronx Property

Two-family property in the Bronx with income potential.

1188 Grant Avenue, Bronx, NY 10456

View Details
$2,850,000

Industrial Auto Repair Warehouse

Industrial warehouse with multiple service bays and office space, operating as an auto body and collision repair facility.

1341 BLONDELL AVE, Bronx, NY 10461

View Details
$949,000

1,280 SF

Renovated Two-Family Brick Home

Renovated two-family brick home with separate units and off-street parking, suited for owner-occupants or rental setups.

4519 Seton Ave, Bronx, NY 10466

View Details
$1,250,000

2,820 SF

Charming Bronx Multi-Family Home

Well-maintained, detached 3-family home near Pelham Bay Park.

2925 Wellman Avenue, Bronx, NY 10461

View Details
$2,580,000

Retail Storefront Redevelopment Opportunity

Retail storefront property with redevelopment or renovation potential in a high-demand Bronx retail corridor.

2356 Arthur Avenue, Bronx, NY 10458

View Details
$1,099,999

2,702 SF

Pelham Parkway Two-Family Home

Two-family home in Pelham Parkway generating $6,067.14 monthly income.

1934 Hunt Ave, Bronx, NY 10462

View Details
$849,999

2,500 SF

Spacious Bronx Two-Family Home

Two-family home in Parkchester/Soundview with income potential.

1163 Virginia Avenue, Bronx, NY 10472

View Details
$888,000

2,680 SF

Bronx Two-Family Home For Sale

Well-maintained two-family home in the Castle Hill section of Bronx.

2069 Seward Avenue, Bronx, NY 10473

View Details
$2,600,000

4,150 SF

Detached Mixed-Use Brick Building

Detached brick mixed-use building with four residential units and a ground-floor retail store under R6 zoning.

1406 White Plains Road, Bronx, NY 10462

View Details

For sale
Apartment buildings
NY
Bronx
10456
1047 Morris Ave The

What type of property is this?

Apartment building - Modern six-family townhouse in Concourse Village with strong income.

Where is this apartment building located?

The property is located at 1047 Morris Ave The Bronx, NY.

What is the asking price?

The asking price for this property is $2,499,999.

What are key features of this property?

This property features: Strong Income Potential: Approximately $180K gross income and $165K NOI, delivering a solid ~6.5% cap rate.; High Transit Score: Perfect transit score of 100, with access to multiple train and bus lines.; Modern, Turnkey Residences: Featuring custom finishes including flint‑grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring.