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Commercial For sale Multifamily Co-op

New York City Multifamily Portfolio for Sale | 200 Units | 6% Cap Rate

1001 N MORRIS AVE PARK, Bronx, New York 10460

$95,000,000
Listed Apr 16, 2026
8
Stories
200
Units

About this property

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.

Portfolio Snapshot

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

Asset Composition & Investment Strategy

1. The Core Anchor – Stabilized Multifamily

  • 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.

2. The Scalable Engine – Multifamily Assemblage

  • 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.

3. The Growth Catalyst – High-Vacancy Value-Add

  • 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.

4. The Strategic Flex – Commercial Repositioning

  • 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.


Execution Strategies

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.

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Stories
8
Total Units
200
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $95,000,000 6% - - -

Location

About this area - Bronx

Population
53,707
Housing units
19,163
Land area
1.6 sq mi
County
Bronx

Documents, links and contacts

Frequently asked questions

What is the asking price of New York City Multifamily Portfolio for Sale | 200 Units | 6% Cap Rate?

New York City Multifamily Portfolio for Sale | 200 Units | 6% Cap Rate is listed at $95,000,000.

Where is New York City Multifamily Portfolio for Sale | 200 Units | 6% Cap Rate located?

The property is in 1001 N MORRIS AVE PARK, Bronx, New York 10460, Bronx County.

What type of property is this?

This is a multifamily for sale in the commercial category.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Majid Radaei of Rad Commercial Realty listed this property. Use the Request Info button to send a message or call (818) 334-2111.

When was this listing published?

It was published on April 16, 2026 and last updated on June 23, 2026.

Listing information

Listing ID
CL-New York-27572
Published
Apr 16, 2026
Last updated
Jun 23, 2026
Status
Sold

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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