Log In/Sign Up
Your email has been sent.
Morris Park Apartments - Bronx, NY 1110 Lydig Ave 15 Unit Apartment Building $5,592,892 CAD ($372,859 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 |
$499,268
|
$34.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$499,268
|
$34.67
|
| Taxes |
$91,396
|
$6.35
|
| Operating Expenses |
$77,468
|
$5.38
|
| Total Expenses |
$168,864
|
$11.73
|
| Net Operating Income |
$330,404
|
$22.94
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $499,268 |
| Annual Per SF | $34.67 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $499,268 |
| Annual Per SF | $34.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $91,396 |
| Annual Per SF | $6.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $77,468 |
| Annual Per SF | $5.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $168,864 |
| Annual Per SF | $11.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $330,404 |
| Annual Per SF | $22.94 |
Property Facts
| Price | $5,592,892 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $372,859 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 | $5,592,892 CAD |
| Price Per Unit | $372,859 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 | $2,728 CAD | 650 - 700 |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 04305-0004 | Total Assessment | $688,469 CAD (2025) |
| Land Assessment | $73,830 CAD (2025) | Annual Taxes | $91,396 CAD ($6.35 CAD/SF) |
| Improvements Assessment | $614,638 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
04305-0004
Land Assessment
$73,830 CAD (2025)
Improvements Assessment
$614,638 CAD (2025)
Total Assessment
$688,469 CAD (2025)
Annual Taxes
$91,396 CAD ($6.35 CAD/SF)
Tax Year
2023
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Morris Park Apartments - Bronx, NY | 1110 Lydig Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.