Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1220 Morris Ave Bronx, NY 10456-3117

    • Retail residential properties
    • 54,646 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $825,000
    Location Intelligence
    Property ID
    US63-3740348
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hollywood Nail Inc / Nail Salon
    • Hemagiri R. Gayam, RPH / Pharmacy
    • DR Driving School / Training Centre
    • Morris Smoothies / Restaurant
    • Jai Kumar Place / Apartment Building

    Property Details for 1220 Morris Ave

    Year built
    1930
    Lot size
    0.28 lot acres
    Property size
    54,646 SF
    Zone code
    R7-1
    Property type
    Retail residential properties
    APN
    02439-0001
    APU
    24390001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $690,000
      6.5%
      $820,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $830,000
      Geo Method
      $645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $950,000
      Retail
      $695,000
      Mixed-Use
      $925,000
      Hospitality
      $725,000
      Educational
      $820,000
      Residential Income
      $935,000
      Energy
      $715,000
      Income-Based Land
      $845,000
      Food Service
      $700,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9137
    Latitude
    40.8334
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $143,359
    $49,950
    $1,096,740
    $1,146,690
    -
    $111,000
    $2,664,000
    $2,775,000

    Comparable in this City

    • Value Estimation by Request
      93,430 SF

      1004 Washington Ave

      STORES & APARTMENTS • 93,430 SF
      1004 Washington Ave, Bronx, NY 10456-6621
      View Details
    • Value Estimation by Request
      30,485 SF

      3418 3rd Ave

      STORES & APARTMENTS • 30,485 SF
      3418 3rd Ave, Bronx, NY 10456-5389
      View Details
    • Value Estimation by Request
      74,990 SF

      631 168th St

      STORES & APARTMENTS • 74,990 SF
      631 168th St, Bronx, NY 10456-3837
      View Details
    • Value Estimation by Request
      32,340 SF

      1150 Webster Ave

      STORES & APARTMENTS • 32,340 SF
      1150 Webster Ave, Bronx, NY 10456-5205
      View Details
    • Value Estimation by Request
      638,855 SF

      1230 Webster Ave, Unit 1270

      STORES & APARTMENTS • 638,855 SF
      1230 Webster Ave, Bronx, NY 10456-3313
      View Details
    • Value Estimation by Request
      146,490 SF

      1420 Grand Concourse

      STORES & APARTMENTS • 146,490 SF
      1420 Grand Concourse, Bronx, NY 10456-1110
      View Details

    Similar Nearby for Sale

    • $18,500,000
      118,000 SF

      Prime Bronx Mixed-Use Portfolio

      139 Apartments & 2 Stores - High ROI
      The Clay Ave, The Bronx, NY 10456
      View Details
    • $1,399,999
      3,375 SF

      Bronx Mixed-Use Investment

      3,375 SF, 8% Cap Rate, Value-Add
      1042 Washington Ave, The Bronx, NY 10456
      View Details
    • $250,000

      Bronx Multi-Unit Property For Sale

      Multi-family property in Bronx, NY, available for purchase.
      660 east 161St St, Bronx, NY 10456
      View Details
    • $825,000
      1,846 SF

      Bronx Two-Family House

      Two-unit property with updated finishes, ideal for investors or owners.
      1384 Clinton Ave, Bronx, NY 10456
      View Details
    • $825,000
      Pending

      Spacious Bronx Duplex with Solar

      Two-unit home near transit, shops, and parks in the Bronx.
      1312 Findlay Ave, Bronx, NY 10456
      View Details
    • Contact for pricing
      30,000 SF

      Bronx Land Parcel For Sale

      6,250 SF lot suitable for residential or community facility.
      1270 Boston Rd, Bronx, NY 10456
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      492 SF

      Retail Space Near Crotona Park

      Retail space for rent across the street from Crotona Park.
      1485 Fulton Ave, Bronx, NY 10456
      View Details
    • Contact for pricing
      205,000 SF

      Bronx Office Building - 205,000 SF

      Prime Bronx Office Space, Multiple Suites Available
      1010 Washington Ave, The Bronx, NY 10456
      View Details
    • $2,500 /Mo
      750 SF

      Bronx Medical Space Available

      Medical office space for rent in the Bronx.
      1103 Franklin Ave, Bronx, NY 10456
      View Details
    • Contact for pricing
      20,000 SF

      Webster Avenue Retail Space

      20000 square feet retail space available for rent.
      1099 Webster Ave, Bronx, NY 10456
      View Details
    • $3,250 /Mo
      952 SF

      Bronx Retail/Office Space for Rent

      952 SF retail/office space near Bronx courts.
      192 E 164Th St, Bronx, NY 10456
      View Details
    • Contact for pricing
      5,000 SF

      5,000 SF Flex Space

      5,000 SF space suitable for industrial or retail use.
      546 E 170Th St, Bronx, NY 10456
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1220 Morris Ave
    Bronx, NY 10456-3117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.