Matsia Properties Portfolio
1121 Elder Ave, Bronx, NY 10472
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.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Building Details
- For Sale $84/SF
- Property Type Multi-Family
- Property Size 36,500 SF
- Units 49
- Lot Size 0.23 Acre
- Cap Rate % 8.23
- Zoning R6
- # of Floors 5
- Year Built 1928
- Date Updated Nov 26, 2025
Attachments
Getting Around
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Walk Score ®
Very Walkable (90) -
Transit Score ®
Rider's Paradise (96) -
Bike Score ®
Very Bikeable (81)
Location
- City Bronx, NY
- Neighborhood Soundview
- Zip Code 10472
- Market Bronx
Points of Interest
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
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
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
Enterprise
2.21 miles
U-Haul
2.84 miles
Bedford Car Wash
3.31 miles
Velocity
3.70 miles
National
3.94 miles
Dollar Rent a Car
4.02 miles
Hertz
4.08 miles
Budget
4.15 miles
Hi-Tek Car Wash
4.27 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
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
World Pharmacy
0.17 miles
Walgreens
0.27 miles
CVS Pharmacy
0.48 miles
43rd Precinct
0.55 miles
FDNY Engine 96/Ladder 54/Foam 96
0.56 miles
Boca Pharmacy
0.67 miles
FDNY Engine 94/Ladder 48/Battalion 3
0.72 miles
Rosedale Pharmacy
0.73 miles
Bella Vista Health Center
0.74 miles
1121 Elder Ave Listing Summary
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What is the asking price at Matsia Properties Portfolio?
Matsia Properties Portfolio is currently listed for sale at Contact for pricing.
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What is the total size of Matsia Properties Portfolio?
Matsia Properties Portfolio has a total of 36,500 square feet.
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What is the year built for Matsia Properties Portfolio?
The year built for Matsia Properties Portfolio is 1928.
