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1860 Morris & 2256 Walton in The Bronx 2 Multifamily Properties Offered at $10,204,175 CAD in Bronx, NY
INVESTMENT HIGHLIGHTS
- 110 Total Units with No Commercial Units
- 1860 Morris Avenue Recent Upgrades Totaling $987,314
- 2256 Walton Avenue Recent Upgrades Totaling $499,466
EXECUTIVE SUMMARY
Team Lala of RM Friedland is pleased to present this meticulously maintained multifamily package consisting of 110 residential apartments across two adjoining prewar brick buildings – 1860 Morris Avenue, a six-story elevator building with 67 units, and 2256 Walton Avenue, a five-story walkup
with 43 units.
Constructed in 1931 and 1926, the properties together span over 103,000 gross square feet with an average unit size of approximately 829 square feet. Both buildings feature gated front courtyards, clean and updated lobbies, steel-and-glass entry doors, security cameras, intercom systems, LED lighting, and hardwired smoke detectors. Interiors include steel and marble staircases and well-kept common areas.
Laundry facilities are available at both sites, and both roofs are silver coat rubber systems with coping stones, flashing, and pointing in solid condition. Mechanical systems are in excellent order, with dual-fuel boilers (2018 at Morris and an upgraded system at Walton) fed by above-ground 5,000-gallon oil tanks.
Recent upgrades across the package total just under $1.5 million, including new boilers and gas conversions, building-wide pointing, electrical and plumbing improvements, apartment renovations, and general repairs. Located in the Mount Hope and Fordham neighborhoods, the properties offer excellent transit with nearby B, D, and 4
subway lines plus multiple bus routes. Shopping, dining, parks, and healthcare facilities are all close by.
with 43 units.
Constructed in 1931 and 1926, the properties together span over 103,000 gross square feet with an average unit size of approximately 829 square feet. Both buildings feature gated front courtyards, clean and updated lobbies, steel-and-glass entry doors, security cameras, intercom systems, LED lighting, and hardwired smoke detectors. Interiors include steel and marble staircases and well-kept common areas.
Laundry facilities are available at both sites, and both roofs are silver coat rubber systems with coping stones, flashing, and pointing in solid condition. Mechanical systems are in excellent order, with dual-fuel boilers (2018 at Morris and an upgraded system at Walton) fed by above-ground 5,000-gallon oil tanks.
Recent upgrades across the package total just under $1.5 million, including new boilers and gas conversions, building-wide pointing, electrical and plumbing improvements, apartment renovations, and general repairs. Located in the Mount Hope and Fordham neighborhoods, the properties offer excellent transit with nearby B, D, and 4
subway lines plus multiple bus routes. Shopping, dining, parks, and healthcare facilities are all close by.
PROPERTY FACTS
| Price | $10,204,175 CAD | Status | Active |
| Price / SF | $94.26 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.39% | Total Building Size | 108,250 SF |
| Sale Type | Investment | Total Land Area | 1.20 AC |
| Price | $10,204,175 CAD |
| Price / SF | $94.26 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.39% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 108,250 SF |
| Total Land Area | 1.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1860 Morris Ave, Bronx, NY 10453 | Multifamily | 65,250 SF | 1931 | - |
| 2256 Walton Ave, Bronx, NY 10453 | Multifamily | 43,000 SF | 1926 | - |
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1860 Morris & 2256 Walton in The Bronx
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