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Morris Park Apartments - Bronx, NY 1110 Lydig Ave 15 Unit Apartment Building $4,100,000 ($273,333/Unit) 5.83% Cap Rate Bronx, NY 10461
INVESTMENT HIGHLIGHTS
- The property is located in the Morris Park neighborhood of the Bronx, one of New York City’s most established and densely populated communities.
- The site benefits from strong pedestrian and vehicular traffic, supported by nearby schools, medical offices, and residential developments.
- This high-visibility Bronx location offers a stable, demand-driven retail environment with consistent foot traffic and long-term growth potential.
- Lydig Avenue serves as a busy local retail corridor, lined with restaurants, shops, and essential services that cater to the surrounding population.
- Public transportation is readily available, with multiple MTA bus routes and the Pelham Parkway subway station (2 & 5 trains) within walking distance.
- 1110 Lydig Avenue is a 15-unit multi-family property located in the desirable Morris Park neighborhood of the Bronx.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 15-unit, 14,400 SF Morris Park Apartments located at 1110 Lydig Ave in the Bronx, NY. The property sits in the heart of Morris Parkwith with 17 parking spaces. It is well-established and in a densely populated residential neighborhood. Located along Lydig Avenue, a busy local retail corridor with restaurants, shops, and essential services, the asset benefits from strong foot traffic and steady tenant demand, creating a compelling infill investment opportunity.
In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161
In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$366,000
|
$25.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$366,000
|
$25.42
|
| Taxes |
$67,000
|
$4.65
|
| Operating Expenses |
$56,790
|
$3.94
|
| Total Expenses |
$123,790
|
$8.60
|
| Net Operating Income |
$242,210
|
$16.82
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $366,000 |
| Annual Per SF | $25.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $366,000 |
| Annual Per SF | $25.42 |
| Taxes | |
|---|---|
| Annual | $67,000 |
| Annual Per SF | $4.65 |
| Operating Expenses | |
|---|---|
| Annual | $56,790 |
| Annual Per SF | $3.94 |
| Total Expenses | |
|---|---|
| Annual | $123,790 |
| Annual Per SF | $8.60 |
| Net Operating Income | |
|---|---|
| Annual | $242,210 |
| Annual Per SF | $16.82 |
PROPERTY FACTS
| Price | $4,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $273,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 5.83% | Building Size | 14,400 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 0.2/1,000 SF |
| Zoning | R4A - Multifamily | ||
| Price | $4,100,000 |
| Price Per Unit | $273,333 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 14,400 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | R4A - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $2,000 | 650 - 700 |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 04305-0004 | Total Assessment | $503,550 (2025) |
| Land Assessment | $54,000 (2025) | Annual Taxes | $67,000 ($4.65/SF) |
| Improvements Assessment | $449,550 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04305-0004
Land Assessment
$54,000 (2025)
Improvements Assessment
$449,550 (2025)
Total Assessment
$503,550 (2025)
Annual Taxes
$67,000 ($4.65/SF)
Tax Year
2023
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Morris Park Apartments - Bronx, NY | 1110 Lydig Ave
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