1039 Washington Avenue presents a premier investment opportunity in the heart of the Morrisania residential neighborhood in the southwestern Bronx. This newly constructed 10-story mid-rise apartment building, with a Temporary Certificate of Occupancy (TCO) expected in January 2026, combines modern design, impressive amenities, and exceptional income potential. The development features 104 two-bedroom residential units, three passenger elevators, and 60 on-site parking spaces, complemented by solar panels and a 35-year tax abatement.
Over 38,000 square feet of retail and community facility space is available on the ground and second floors, plus 6,000 square feet of commercial balconies, creating a total of 44,000 square feet of contiguous space for retail, office, and mixed-use tenants. Additional features include 10- to 12-foot finished ceilings, central air and heating, and full sprinkler coverage.
1039 Washington Avenue is just one block from Webster, Melrose, and Washington Avenues, drawing exposure to over 10,000 vehicles daily and benefiting from a vibrant local market of over 712,800 residents within a 2-mile radius. Nearby points of interest, like Yankee Stadium, Crotona Park, and multiple transit options, including the Metro-North Melrose stop and the 167th Street subway station, further enhance the property's appeal.
Set within one of the Bronx's most dynamic and walkable neighborhoods, 1039 Washington Avenue presents a high-quality, income-generating asset with strong long-term growth potential.