Morris Heights Bronx Multifamily For Sale
$2,800,000
1684 Grand Avenue, Bronx, NY 10453
For Sale
Multifamily
Active
Last Updated: 04/27/2026
8.74
Cap Rate
246,891.76
NOI
Details:
Cap Rate: 8.74%
NOI: $246,891.76
Pro Forma Cap Rate : 9.21%
Building Size: 4,022 sqft
Lot Area: 2,500 sqft
Occupancy: 70%
Class: B
Units: 10
Year Built: 1930
Zoning: R7-1
Floors: 4
Seller Financing: No
Opportunity Zone: Yes
Year Last Renovated: 2019
Investment Strategy: Value Add
Highlights:
- Tax Class 2B
- Strong In Place CAP Rate
- Additional 5,975 Buildable Air Rights
Description:
Safdie Realty Group has been exclusively retained to sell 1684 Grand Avenue. The subject property is located between West 176th Street & West 174th Street in Morris Heights, Bronx. The property offers ten apartments each consisting of Studio, 2 & 1 bathroom layouts. The property is located a short walk away from the 4 subway line.
Documents:
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1684_Grade_Avenue.pdf
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Location
Gallery
