Soundview Bronx Cooperative
For Sale
$350,000
825 Morrison Ave 12F The, Bronx, NY 10473
Two-bedroom, one-bathroom co-op with balcony in Soundview Bronx.
Property Size900 SF
Days on Market312
Property Features for 825 Morrison Ave 12F The
General Information
Standard status
Active
Size
900 SF
Property subtype
Residential
Building Details
Building Size
900 SF
Year Built
1962
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 6
Last Checked: Oct 5 at 6:05PM
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 ISLAND ADVANTAGE REALTY LLC
Investment Insights
Based on property information with market context.
Located in the Soundview Bronx neighborhood, Lafayette Estates is a large cooperative community. This co-op unit features two bedrooms and one bathroom, offering 900 square feet of interior space. The apartment benefits from natural light and views. A balcony provides a private outdoor space.
Key Highlights
- Sweeping views and great natural light
- Enjoy your private balcony
- 900 square feet of interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,703
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,060
$414.1K
Cap Rate 7%
$295,757
$295.8K
Cap Rate 9%
$230,033
$230.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$40.0K $44.40/SF
− Vacancy
−$2.3K −$2.58/SF
EGI
$37.6K $41.82/SF
− OpEx
−$16.9K −$18.82/SF
NOI
$20.7K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,060
Cap Rate 7%
$295,757
Cap Rate 9%
$230,033
Alternative Uses
Best Use
Apartment 5plus
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$623.6K
$545.7K – $727.6K
NOI $43,655 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom, one-bathroom co-op with balcony in Soundview Bronx.
Where is this apartment building located?
The property is located at 825 Morrison Ave 12F The Bronx, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Sweeping views and great natural light; Enjoy your private balcony; 900 square feet of interior space
