REO | 23 Units Multifamily Property

Description:

Auction Information:
Bidding opens: Monday, November 2, 2026, at 12:00 PM
Bidding closes: Wednesday, November 4, 2026 at 12:00 PM
Starting Bid: $450,000

​Lender REO Sale
​5-story, multifamily walk-up building in Morrisania, Bronx
​23 residential units
​Approximately 35% of units are free market
​25,790 sq ft building on a 6,653 sq ft lot
​52 ft of frontage along East 169th Street
​Short walk to BronxCare Health System and St. Mary's Park
​Bus connections to the 2 and 5 subway lines for a direct commute to Manhattan
​Close to nearby retailers: CTown Supermarket, Retro Fitness, Morrisania Pharmacy, and Danbako BBQ

Property tours are available by appointment only.​ Please contact the listing broker to schedule a tour.​
622 E 169th St, Bronx, NY 10456 presents a compelling value-add opportunity in the heart of Morrisania.​ This 5-story multifamily walk-up features 23 residential units within approximately 25,790 square feet on a 6,553 square foot lot, with 52 feet of frontage along East 169th Street.​
Built in 1905 and zoned R6, the property is currently 87% occupied, with approximately 35% of units free market—offering investors meaningful upside through lease-up and repositioning.​ As a Lender REO sale, this asset provides the chance to acquire a well-located Bronx apartment building at an attractive basis.​
The location offers excellent connectivity, just moments from the BronxCare Health System and St.​ Mary’s Park, with convenient access to the 2 and 5 subway lines for a direct commute to Manhattan.​ Surrounded by neighborhood retail including C-Town Supermarket, Retro Fitness, Morrisania Pharmacy, and local dining, this property benefits from strong everyday amenities and steady residential demand.​
​Non-Contingent
​Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
​Marketing Fee: 3% of the Winning Bid Amount
​$10,000 Participation Deposit via Wire Deposit only
​Subject To Seller Approval