Historic 3-Family Brick Building plus high ceiling basement in Concourse Village, Bronx.
Discover this well-maintained legal 3-family brick home, ideally situated in the heart of the vibrant and rapidly growing Concourse Village neighborhood. Each of the three spacious floors features a modern 3-bedroom, 2-bath layout, thoughtfully designed with open-concept living, dining, and kitchen areas—perfect for today’s lifestyle.
Each unit is equipped with its own split heating and cooling system, offering comfort and independence for tenants. Utilities are separately metered, ensuring ease of management for both tenants and owners.
Tasteful renovations have been completed inside and out, featuring gleaming hardwood floors, stylish lighting fixtures, ample natural light, and sleek stainless steel appliances.
Located just minutes from shops, parks, public transportation, and major highways, this property offers unmatched convenience. Whether you're an investor seeking steady rental income or an owner-occupant looking to live in one unit while renting out the others, this is an outstanding opportunity. Yearly income: $75,600 and expense: $8,971.
Concourse Village is known for its accessibility, strong sense of community, and ongoing development—making it a prime location for future appreciation. Recent updates minimize immediate maintenance needs, adding to this property's appeal. Selling with friendly and excellent paying tenants but 1 unit can be delivered vacant for owner occupiers for the right price. Bonus Opportunity: 32 North Street is also AVAILABLE FOR PURCHASE—great for buyers seeking portfolio expansion or multi-property ownership.
Listed by Shahed Ahmed
·
Andrew J. Freerks
·
917-246-7750
Listed by Andrew Freerks
·
Andrew J. Freerks
Last updated September 06, 2025
·
Source: OneKey #885320
Listing Facts
TypeMulti-family
NeighborhoodConcourse
Bedrooms9
Bathrooms6
Days on Prevu66
Taxes$3,482.36/year
Amenities
Air Conditioning
Location
Mortgage Calculator
Listing History
08/04/2025
Price Decreased
$1,195,000
07/29/2025
Price Decreased
$1,249,000
07/03/2025
Listed by Andrew J. Freerks
$1,265,000
Estimated Closing Costs
Total
$45,231
Attorney Fees
$4,000
NYC Mansion Tax
$11,950
Title Insurance
$5,378
Bank Attorney
$1,500
Mortgage Recording Tax
$18,403
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,195,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 1050 Morris Avenue
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Year Built: 1920
Construction Materials: Brick
Measurements
Building Area Total: 3,354
Building Area Units: Square Feet
Lot Size Acres: 0.04
Lot Size Square Feet: 1,848
Financial
Taxes
Parcel Number: 02437-0009
Tax Annual Amount: $3,482.36
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Common, Full, See Remarks, Storage Space, Walk-Out Access
Has Basement: Yes
Bathrooms Full: 6
Bathrooms Total Integer: 6
Bedrooms Total: 9
Utilities
Equipment
Cooling: Central Air
Heating: See Remarks
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available
Water Source: Public
The data relating to real estate for sale on this website comes in part from the IDX
Program of OneKey™ MLS. The source of the displayed data is either the property owner
or public record provided by non-governmental third parties. It is believed to be reliable
but not guaranteed. This information is provided exclusively for consumers’ personal,
non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.