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28964813
28964814

1110 Lydig Ave, Bronx, NY 10461

AA
NY NY 10491210161, FL #BK3369953 (+2)
Sands Investment Group
LK
GA GA 391027
Sands Investment Group
Listed by Sands Investment Group
$4,100,000
172 days on market
Updated 21 days ago

Morris Park Apartments - Bronx, NY

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,400
Units 15
Cap Rate 5.83%
NOI $239,100
Occupancy 100%
Price per SqFt $285
Class B
Year Built 1952
Acreage 0.500
Investment Type Net Lease

15-Unit Multi-Family Asset - Bronx, NY | 100% Occupied | Rare Parking | Strong In-Place NOI

Marketing description

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 wellestablished 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.

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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 residential communities.

  • Lydig Avenue serves as a busy local retail corridor, lined with restaurants, shops, and essential services that cater to the surrounding population.

  • The site benefits from strong pedestrian and vehicular traffic, supported by nearby schools, medical offices, and residential developments. It is conveniently located near major thoroughfares, including the Bronx River Parkway and Pelham Parkway, providing easy access throughout the Bronx, into Manhattan, and to Westchester County.

  • Public transportation is readily available, with multiple MTA bus routes and the Pelham Parkway subway station (2 & 5 trains) within walking distance.

  • This high-visibility Bronx location offers a stable, demand-driven retail environment with consistent foot traffic and long-term growth potential.

  • 1110 Lydig Avenue is a 15-unit multi-family property located in the desirable Morris Park neighborhood of the Bronx. Built in 1952, the property totals 14,400 square feet on a 0.25-acre lot and includes 17 dedicated parking spaces, a rare amenity in this submarket.

  • The asset is 100% occupied and generates $239,100 in annual NOI, with income derived from residential rents, parking, and an on-site laundromat. At a price of approximately $277,000 per unit, the property offers an attractive basis and strong in-place cash flow.

  • Air conditioning, kitchen, hardwood floors, tub/shower, parking, 24-hour access, 2-star low-rise apartments.

Listing Contacts

AA
NY NY 10491210161, FL #BK3369953 (+2)
Sands Investment Group
LK
GA GA 391027
Sands Investment Group
Listed by Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$239,100.00
$19,925.00/mo

Valuation Metrics

0
DSCR
5.83%
Cap Rate
5.83%
ROI

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Additional Information

Name
Andrew Ackerman
License
NY #10491210161
Title
Broker of Record
Name
Andrew Ackerman
License
NY 10491210161
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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