1121 Morris Park AveThe Bronx, NY 10461

Property Details for 1121 Morris Park Ave

Year built

1957

Lot size

0.11 AC

Property size (Sq ft)

4,730 SF

Zone code

R4

Property type

Office properties

Property subtype

Office buildings

APN

04132-0039

APU

41320039

Description

This exceptional 4,730-square-foot commercial property, located at 1121 Morris Park Avenue in the Bronx, NY (zip code 10461), presents a unique investment or lease opportunity. The building, constructed in 1957, is a three-story Class B structure situated on a 5,565-square-foot lot. Its zoning classification is R4, allowing for a variety of uses. The property's single-tenant configuration offers flexibility for diverse businesses. Its prime location, just minutes from the Morris Park Subway station (with planned expansion to provide direct access to Manhattan's Penn Station, Westchester County, and Connecticut), and proximity to major medical facilities like Montefiore and Einstein, makes it ideal for medical offices, urgent care centers, restaurants, legal or accounting firms, daycare centers, senior centers, retail establishments, or community centers. The building boasts a 7.5 FAR and offers 4,730 square feet of usable space. This versatile property is ready for immediate occupancy and presents a compelling opportunity for a variety of commercial ventures. The property is zoned R4 in Bronx County.

• CAP approach

  CAP return

  Valuation

  6%

  $782,010

  6.5%

  $721,856

  7%

  $670,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $618,022

  Geo Method

  $618,022

• Alternative Use

  Use

  Valuation

  Residential

  $895,101

  Hospitality

  $819,908

  Educational

  $682,154

  Medical

  $705,614

  Retail

  $1,061,128

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8502

Longitude

-73.8522

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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