181 W Tremont Ave - Apartments FOR SALE


Bronx, NY 10453- Morris Heights
$2,000,000 USD
212-660-7717
181 W Tremont Ave, Bronx, NY for Sale
$2,000,000 USD
Apartments - FOR SALE
1/5
null | 9% Cap Rate

181 W Tremont Ave
Bronx, NY 10453
Morris Heights


HIGHLIGHTS

  • Five-story prewar multifamily building totaling approximately 37,500 square feet in the Morris Heights neighborhood of the Bronx.
  • 38-unit walk-up asset built in 1925, offering scale in a dense, transit-oriented Bronx submarket.
  • Situated on a corner lot with frontage on West Tremont Avenue and Andrews Avenue South, enhancing light, air, and long-term appeal.
  • Zoned R5, supporting continued residential use in an established multifamily corridor.
  • Located in Morris Heights, a high-demand Bronx neighborhood with strong renter base and neighborhood amenities.
  • Excellent transit accessibility with nearby subway and bus options providing convenient connectivity to Manhattan and greater Bronx.

OVERVIEW

181 West Tremont Avenue is a five-story, 38-unit rent-stabilized multifamily walk-up located at the corner of West Tremont Avenue and Andrews Avenue South in the Morris Heights neighborhood of the Bronx. The 37,500-square-foot property sold for $2,000,000, equating to $52,630 per unit and $53 per square foot. The asset was marketed at a 9.0% cap rate and features studio to two-bedroom units, providing stable in-place cash flow in a dense, transit-oriented Bronx submarket.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

38

PRICE/UNIT

$52,632

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,700 SF

ZONING

R5

APN/PARCEL ID

02879-0050

ASK ABOUT THIS PROPERTY

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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Robert ShapiroCushman & WakefieldMore Info
212-660-7717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.