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For Sale
Bronx
1047 Morris Avenue

1047 Morris Avenue

Bronx, NY 10456

$2,499,999

0.06 Acre

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1047 Morris Avenue
Bronx, NY 10456

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Bronx / NY

Multi Family HIGHLIGHTS

Property Type

Commercial Sale, Multi Family
Year Built

1905
Cooling

Yes - Wall/Window Unit(s)
Heating

Yes - Forced Air
RE Tax

$8,196

Listing courtesy of Jeffrie Pena of Locqube New York, Inc..

Introducing 1047 Morris Avenue, a newly developed brick six-family townhouse offering premium modern living, strong in-place income, and future upside in the fast-growing Concourse Village corridor. With approximately $180K in gross income and an estimated $165K NOI, the property delivers a solid ~6.5% cap rate and approximately 5.25% cash-on-cash return with 25% down at today’s favorable financing, making it a compelling opportunity for savvy investors seeking a high-quality, free-market asset.

Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens—ideal for entertaining—while well-placed powder rooms offer added convenience. Bedrooms easily accommodate full furniture sets, and each unit is equipped with wall units providing efficient heating and cooling.

The six-family configuration includes:
• Two 2-bedroom / 1-bath units
• Three 1-bedroom units
• One studio apartment with ground-floor access

The building also features parking for two additional vehicles, along with common laundry, a security camera system, and pet-friendly accommodations. Tenants pay their own utilities.

Adding to the long-term value, the property is zoned R7-1, allowing for approximately 3,498 additional buildable square feet, presenting a meaningful development or expansion opportunity.

Perfectly positioned in the Concourse section of the Bronx, the building is moments from playgrounds, supermarkets, restaurants, schools, and extensive transit options (4, B, D trains + Bx32, Bx19, Bx21, Bx33, M125). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient.

Whether you’re an investor seeking strong income with upside or an owner looking for a modern, turnkey asset, 1047 Morris Avenue stands out as a premier opportunity in Concourse Village.

1047 Morris Avenue

Facts & Features

Acres

0.0586 Acres
City Region

Bronx
Lot Size

2,551 Sqft

MLS #

959846
Property Type

Multi Family
Year Built

1905

Building Area Total

5291
Construction Materials

Brick
Property Attached

Yes
Total Number of Units

6
Year Built

1905

Parking Features

Driveway

Annual Taxes

$8,196

Appliances

Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
Cooling

Yes - Wall/Window Unit(s)
Heating

Yes - Forced Air

Sewer

Public Sewer
Utilities

Natural Gas Available, Electricity Available
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $683

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

1047 Morris Avenue

Location

Nearby Transit

B D

at 167 St
0.29 miles

Data courtesy of LocalLogic.co

Grant Avenue Elementary School
Grades: PK, KG, 1, 2, 3, 4, 5, UG
Science and Technology Academy: A Mott Hall School
Grades: 6, 7, 8
Bronx Early College Academy
Grades: 6, 7, 8, 9, 10, 11, 12
The Family School
Grades: PK, KG, 1, 2, 3, 4, 5, UG
Sheridan Academy For Young Leaders
Grades: PK, KG, 1, 2, 3, 4, 5

R T Hudson Elementary School
Grades: PK, KG, 3, 4, 5, 6, 7, 8
All Hallows High School
Grades: 9, 10, 11, 12
Bronx Manhattan SDA School
Grades: PK, TK, KG, 1, 2, 3, 4, 5, 6, 7, 8
Christ the King Elementary School
Grades: PK, KG, 1, 2, 3, 4, 5, 6, 7, 8
St. Peter & Paul School
Grades: PK, KG, 1, 2, 3, 4, 5, 6, 7, 8

Neighborhood

Concourse Village

Concourse Village is a residential neighborhood in the South Bronx located east of the Grand Concourse and known for its established cooperative housing, convenient transportation access, and proximity to major civic and cultural destinations....

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