1047 Morris Ave The Bronx, NY 10456
New
- Added:
- Apr 24, 2026
- Days on Market:
- 6
- 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
Listing agent Jeffrie Pena License #10401261474 (917) 242-9882
Listing office Pantiga Group Inc. (917) 242-9882
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.
Overview
Newly Developed Six-Family Townhouse
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
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.916467
- Latitude
- 40.82974
Nearby Similar for Sale
FAQs
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.
