REO | 23 Units Multifamily Property
- Lender REO Sale
- 5-story, multifamily walk-up building in Morrisania, Bronx
- 23 residential units
- Approximately 35% of units are free market
- 25,790 sq ft building on a 6,653 sq ft lot
- 52 ft of frontage along East 169th Street
- Short walk to BronxCare Health System and St. Mary’s Park
- Bus connections to the 2 and 5 subway lines for a direct commute to Manhattan
- Close to nearby retailers: CTown Supermarket, Retro Fitness, Morrisania Pharmacy, and Danbako BBQ
Property Description
Property tours are available by appointment only. Please contact the listing broker to schedule a tour. 622 E 169th St, Bronx, NY 10456 presents a compelling value-add opportunity in the heart of Morrisania. This 5-story multifamily walk-up features 23 residential units within approximately 25,790 square feet on a 6,553 square foot lot, with 52 feet of frontage along East 169th Street. Built in 1905 and zoned R6, the property is currently 87% occupied, with approximately 35% of units free market—offering investors meaningful upside through lease-up and repositioning. As a Lender REO sale, this asset provides the chance to acquire a well-located Bronx apartment building at an attractive basis. The location offers excellent connectivity, just moments from the BronxCare Health System and St. Mary’s Park, with convenient access to the 2 and 5 subway lines for a direct commute to Manhattan. Surrounded by neighborhood retail including C-Town Supermarket, Retro Fitness, Morrisania Pharmacy, and local dining, this property benefits from strong everyday amenities and steady residential demand.- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount
- $10,000 Participation Deposit via Wire Deposit only
- Subject To Seller Approval
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Auction |
| No. of Units: | 23 |
| Year Built: | 1906 |
| Building Size: | 25,790 Sq ft |
| Lot Size: | 6,653.00 Acres |
| No. of Stories: | 5 |
| Opportunity Zone: | No |
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