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36-Unit Multifamily Development
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1777 MONROE AVE, Bronx, NY 10457

Two contiguous buildings under construction offer an R8-zoned residential development project with completion or redesign flexibility.

Property Size15,518 SF
Lot Size0.11 Acres
Days on Market11

Property Features for 1777 MONROE AVE

General Information

Standard status Active
Size 15,518 SF
Lot size 0.11 Acres
Property subtype Multifamily
Zoning R8

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 36

Building Details

Buildings 2
Listing Agency: Northgate Real Estate Group
Listed By: Greg Corbin · License #10491213060
Source: Crexi
Added: Sep 3 Changed: Sep 9 Last Checked: Sep 13 at 5:51AM

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 Northgate Real Estate Group

Investment Insights

Based on property information with market context.

The offering includes two adjoining multifamily buildings currently under construction on a combined 50′ x 95′ lot. Plans call for 36 residential units across 15,518 square feet of development, with each structure designed for four stories plus a penthouse. The existing improvements can be completed or removed for a redesigned project.

The property has 50′ of frontage along Monroe Avenue and is located in the Mount Hope section of the Bronx. Transit access includes the nearby 174th-175th Street station serving the B and D trains, along with access to the 4 train and Metro-North’s Tremont station. Area retail and dining include Key Food, Dunkin’, Fine Fare Supermarket, Blink Fitness, and 7-Eleven. Nearby development includes a 213-unit mixed-use building, 119-unit Tremont Residences, and a 40,000-square-foot charter school planned to open in 2026-2027.

Key Highlights

  • Two contiguous multifamily buildings under construction
  • 36 planned residential units across 15,518 square feet
  • Each building designed with four stories plus a penthouse

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Acupuncture HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,176
Businesses Nearby

Demographics for 10457, NY

77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two contiguous buildings under construction offer an R8-zoned residential development project with completion or redesign flexibility.
Where is this apartment building located?
The property is located at 1777 MONROE AVE Bronx, NY.
What are key features of this property?
This property features: Two contiguous multifamily buildings under construction; 36 planned residential units across 15,518 square feet; Each building designed with four stories plus a penthouse
(917) 406-0406 Call to check price and availability
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