1119 Morris Ave The Bronx, NY 10456
Detached 3-story building with six vacant residential units.
Property Features for 1119 Morris Ave The
General Information
- Standard status
- Active
- Size
- 6,401 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing office SOLER REALTY NYC (646) 630-6899
Listing date Apr 24, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Delivered Vacant: Full control for renovation and income optimization.
- High Transit Score (100): Rider's Paradise, close to B & D subway lines and local transit.
- Six Residential Units: Multiple 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 |