Morris Park Apartments - Bronx, NY
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.
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.
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