Morris Heights 8-Unit Multifamily Conversion | Crezly

8 Family Morris Heights

$2,620,000 Multifamily Off-Market ♡
Price$2,620,000
Cap Rate7.78%
NOI$204,000
Price / SF$1,424
Building SF1,840
Lot20x119
Units8
Asset TypeMultifamily
UploadedNov 2, 2026
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Investment Highlights

Morris Heights, 8-unit multifamily conversion (brick, attached) 20x46 on 119 ft lot, R7-1 zone, taxes $11K. $204K NOI upon full occupancy, 5 studios, 3 1BRs. Conversion freshly completed, TCO in place. Fully vacant, $2.62M (7.78% cap) normal sale.

Location

📍 Morris Heights

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The lenders with the most recorded multifamily mortgages in Bronx since 2021, from public ACRIS filings.

  1. Rocket Mortgage, LLC — 521 loans, typically $150K–$496K
  2. Ice Lender Holdings LLC — 518 loans, typically $669K–$1.05M
  3. Broadview Capital LLC — 305 loans, typically $660K–$1.1M
  4. Crosscountry Mortgage, LLC — 265 loans, typically $320K–$738K
  5. Loandepot.com, LLC — 237 loans, typically $254K–$675K
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Andre Kaufman
  • Andre Kaufman