Map of Property

Matsia Properties Portfolio

1121 Elder Ave, Bronx, NY 10472

  • For Sale $94/SF
  • 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

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

Location

Getting Around

  • Walk Score ®

    90/100 Very Walkable

  • Transit Score ®

    96/100 Rider's Paradise

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • El Molcajete

    0.12 miles

  • McDonald's

    0.13 miles

  • Kennedy Fried Chicken & Pizza

    0.13 miles

  • Pabellon

    0.15 miles

  • Ricuras

    0.16 miles

  • Lucky Garden

    0.18 miles

  • New Yankee Pizza

    0.29 miles

  • New Ranch Restaurant

    0.30 miles

  • Popeyes

    0.34 miles

  • White Castle

    0.43 miles

  • PS 152 The Evergreen

    0.20 miles

  • Junior High School X123 James M Kiernan

    0.28 miles

  • New School for Arts and Sciences

    0.29 miles

  • Carl C Icahn Charter School Bronx North

    0.33 miles

  • Public School 93

    0.34 miles

  • Bronx Coalition Community High School

    0.35 miles

  • Monroe High School

    0.35 miles

  • Monroe Academy for Visual Arts and Design

    0.36 miles

  • X550 High School of World Cultures

    0.37 miles

  • Monroe Academy for Business and Law

    0.37 miles

  • East Bronx NAACP Day Care Center

    0.10 miles

  • Prospect Family Support Center

    1.29 miles

  • Mama Maria's Group Family Daycare

    1.42 miles

  • Salvation Army: Bronx Citadel

    1.80 miles

  • Incarnation Children's Center

    3.23 miles

  • Kid Krazy

    3.59 miles

  • Heavens Tiny Tots

    3.65 miles

  • Children's Learning Company

    3.98 miles

  • Astoria Values

    4.08 miles

  • Dorothy Day Early Childhood Center

    4.11 miles

Frequently Asked Questions

How much does Matsia Properties Portfolio cost?

The space currently listed for sale at Matsia Properties Portfolio asks for $94/SF.

What is the total square footage of Matsia Properties Portfolio?

Matsia Properties Portfolio totals 36,500 square feet.

When was this property built?

Matsia Properties Portfolio was built in 1928.

Looking for more in-depth information on this property?

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Contact Matsia Properties Portfolio
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