1001 N MORRIS AVE PARK, Bronx, New York 10460
New York City Multifamily Portfolio for Sale | 200 Units | 6% Cap Rate is a multifamily for sale in Bronx, New York, listed at $95,000,000. Key details: stories 8, total units 200, property status Normal Sale, building status Existing. Listed by Majid Radaei of Rad Commercial Realty on LoopingCloud and last updated June 23, 2026.
This diverse collection of assets blends immediate, stabilized cash flow with aggressive value-add potential. Comprising approximately 200 units (including ~170+ residential units and a commercial component), this portfolio is perfectly structured for institutional investors or private equity groups looking for scale, high free-market exposure, and long-term redevelopment upside.
| Feature | Details |
| Total Units | 200 (Residential + Commercial) |
| Asset Count | 4 Strategic Buildings |
| Current Cap Rate | 6.00% (Blended) |
| Investment Type | Value-Add / Repositioning |
| Ground Lease | No (Fee Simple) |
| Stories | Up to 8 Stories |
Capacity: ~50 Residential Units.
Profile: Recently renovated with a high-quality tenancy profile and 85–90% free-market exposure.
Role: Serves as the portfolio’s bedrock, providing stable cash flow and significant downside protection with minimal deferred maintenance.
Capacity: ~100+ Units across three contiguous buildings.
Profile: A mix of occupied and deregulated units with a rare contiguous footprint.
Role: Institutional-grade scalability offering massive operational upside and future assemblage potential.
Capacity: ~20 Units.
Profile: Delivered 90% vacant, providing a "clean slate" path to full renovation.
Role: Forced appreciation play; allows for a rapid increase in Net Operating Income (NOI) by leasing up at current market rents.
Capacity: ~7,500 SF Commercial Building.
Profile: Delivered fully vacant at closing; ideal for retail, boutique office, or full-scale redevelopment.
Role: High-demand corridor location offering maximum optionality for owner-users or developers.
This portfolio is uniquely positioned to allow for multiple exit or management paths:
Full Portfolio Acquisition: Immediate market entry with institutional scale.
Phased Repositioning: Strategic capital improvements to vacant units to capture rent premiums.
Strategic Recapitalization: Flexibility to hold for yield or exit via individual asset sales.
Investment Note: This offering represents a rare NYC "hybrid" play—combining the safety of a 6% yield with the aggressive upside of high-vacancy and contiguous redevelopment opportunities.
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $95,000,000 | 6% | - | - | - |
Address as shown by the lister.
Get directionsNew York City Multifamily Portfolio for Sale | 200 Units | 6% Cap Rate is listed at $95,000,000.
The property is in 1001 N MORRIS AVE PARK, Bronx, New York 10460, Bronx County.
This is a multifamily for sale in the commercial category.
The lister indicates: Third Party Financing.
Majid Radaei of Rad Commercial Realty listed this property. Use the Request Info button to send a message or call (818) 334-2111.
It was published on April 16, 2026 and last updated on June 23, 2026.
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