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Morris Park Apartments - Bronx, NY 1110 Lydig Ave 15 Unit Apartment Building $5,628,480 CAD ($375,232 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$502,445
|
$34.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$502,445
|
$34.89
|
| Taxes |
$91,978
|
$6.39
|
| Operating Expenses |
$77,961
|
$5.41
|
| Total Expenses |
$169,939
|
$11.80
|
| Net Operating Income |
$332,506
|
$23.09
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $502,445 |
| Annual Per SF | $34.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $502,445 |
| Annual Per SF | $34.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $91,978 |
| Annual Per SF | $6.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $77,961 |
| Annual Per SF | $5.41 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $169,939 |
| Annual Per SF | $11.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $332,506 |
| Annual Per SF | $23.09 |
Property Facts
| Price | $5,628,480 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $375,232 CAD | 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 | $5,628,480 CAD |
| Price Per Unit | $375,232 CAD |
| 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 | $2,746 CAD | 650 - 700 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04305-0004 | Total Assessment | $690,392 CAD (2025) |
| Land Assessment | $74,037 CAD (2025) | Annual Taxes | $91,978 CAD ($6.39 CAD/SF) |
| Improvements Assessment | $616,356 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
04305-0004
Land Assessment
$74,037 CAD (2025)
Improvements Assessment
$616,356 CAD (2025)
Total Assessment
$690,392 CAD (2025)
Annual Taxes
$91,978 CAD ($6.39 CAD/SF)
Tax Year
2023
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Morris Park Apartments - Bronx, NY | 1110 Lydig Ave
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