Map of Property

Matsia Properties Portfolio

For Sale

1121 Elder Ave, Bronx, NY 10472

This Bronx property for sale is located at 1121 Elder Ave. The current listed sale price for Matsia Properties Portfolio is $94/SF. Matsia Properties Portfolio is situated on a lot that is 0.23 acre in size.

Contacts

broker
Jason M. Gold

Ariel Property Advisors

broker
Victor Sozio

Ariel Property Advisors

broker
Shimon Shkury

Ariel Property Advisors

broker
Howard Raber

Ariel Property Advisors

broker
Gabriel Elyaszadeh

Ariel Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 36,500 SF
  • Units 49
  • Lot Size 0.23 Acre
  • Cap Rate % 7.38
  • Zoning R6
  • # of Floors 5
  • Year Built 1928
  • Date Updated Aug 13, 2025

Seven-building (2 elevator, 5 walk-up) , 372-unit portfolio strategically located across the desirable Bronx neighborhoods of Soundview, Park Versailles, Mott Haven, and Mount Eden. Consists of 351 residential apartments and 21 commercial units. Shelter Rent Taxes (Article XI) at 0.65% of Gross Rent extending until 2047, providing a long-term, favorable tax structure. Additional tax benefits occur at five of the seven properties. Three properties (1801-1803 Archer Street, 1807-1809 Archer Street, and 1121 Elder Avenue) benefit from J-51 tax abatements. Additionally, two properties (1410 Morris Avenue and 526-32 Tinton Avenue) feature solar abatements, reflecting modern upgrades and potential savings. Professionally managed and well-maintained portfolio, ensuring smooth operations and preserving asset value for investors. Abundant transportation surrounding all seven buildings as the properties are located in close proximity to bus lines & 6/B/D subway lines.

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Attachments

Getting around

  • 90/100

    Walk Score ®

  • 96/100

    Transit Score ®

  • 81/100

    Bike Score ®

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Location

  • City Bronx, NY
  • Neighborhood Soundview
  • Zip Code 10472
  • Market Bronx

Points of Interest

  • Morrison Avenue–Soundview

    0.30 miles

  • Southern Boulevard (exit only)

    0.78 miles

  • Intervale Avenue

    0.98 miles

  • Castle Hill Avenue SW Corner

    1.52 miles

  • Castle Hill Avenue NE Corner

    1.53 miles

  • Bronx Park East

    1.64 miles

  • Tremont

    1.77 miles

  • American Base No.1

    1.81 miles

  • East 143rd Street–Saint Mary’s Street

    1.98 miles

  • 174th–175th Streets

    2.10 miles

  • BP

    0.45 miles

  • Gulf

    0.94 miles

  • Mobil

    0.98 miles

  • Sunoco

    1.49 miles

  • Shell

    2.22 miles

  • Tesla Supercharger

    3.65 miles

  • plugNYC

    4.90 miles

  • ChargePoint

    5.19 miles

  • FLO

    5.78 miles

  • Little Man Parking

    0.67 miles

  • P & P Car Parking

    0.83 miles

  • Kelly Street Parking

    0.96 miles

  • Department of Sanitation District 6 Garage

    1.25 miles

  • Chang Li Supermarket Inc.

    1.36 miles

  • Asia Parking

    1.39 miles

  • Metropolis

    1.41 miles

  • Southern Boulevard Parking

    1.63 miles

  • Bronx River Parking

    1.86 miles

  • Concourse Plaza Garage

    2.17 miles

  • Super 8

    0.69 miles

  • Umbrella Hotel

    1.96 miles

  • Opera House Hotel

    2.08 miles

  • Bronx Park Motel

    2.08 miles

  • Residence Inn The Bronx

    2.50 miles

  • Hutchinson - Whitestone Motel

    2.54 miles

  • Holiday Inn Express

    2.74 miles

  • Best Western Plus

    2.77 miles

  • Comfort Inn & Suites

    2.88 miles

  • Rodeway Inn

    3.01 miles

  • Associated

    0.23 miles

  • Key Foods

    0.66 miles

  • Western Beef

    0.78 miles

  • C-Town

    0.88 miles

  • Fine Fare

    0.97 miles

  • Keyfoods

    0.99 miles

  • C Town

    1.03 miles

  • Bravo

    1.10 miles

  • Macy's

    1.15 miles

  • Marshalls

    1.19 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Matsia Properties Portfolio
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