1942-1944-1946 McGraw Avenue
1944 McGraw Avenue, The Bronx, NY 10462
- For Sale Contact for pricing
- City The Bronx
- Neighborhood Parkchester
- Zip Code 10462
- Market Manhattan
- Property Type Multi-Family
- Property Size 14,400 Sqft
- Lot Size 0.45 Acre
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 2008
- Year Renovated 2019
- Date Updated 18 Dec, 2019
- Construction Type Brick
**8% Cap Rate with upside potential for 12% return. Buyer is eager to sell!
This portfolio contains 3 adjacent buildings with a spacious backyard. Each building has 3 huge above-ground apartments as well as a large basement with a separate entrance to the street. Construction is relatively new from 2008, having also just been gut-renovated in Mid December with top-of-the-line granite kitchen counters/cabinets as well as high-end appliances and tile backsplash. This lot is zoned as R6, granting an additional 6000+ buildable SF.
Each of the three addresses has a large storage facility in the lower level. These spaces are nicely finished with tiles and are currently vacant. Comparable basement facilities within a few blocks are getting $1350/month per room, and we have three rooms. This can bump NOI by ~$48,600/year.
Located within a couple hundred feet from subway line 6, as well as main bus lines providing excellent transportation options. There are major shopping areas, restaurants and entertainment venues all within a few blocks.
There are several new multifamily developments currently in construction within a few blocks.
Rent Roll and T12 Pro Forma are all available upon request.
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FREQUENTLY ASKED QUESTIONS
What is the asking price at 1942-1944-1946 McGraw Avenue?
The asking price for spaces at 1942-1944-1946 McGraw Avenue rests at 3600000 per square foot.
What is the total size of 1942-1944-1946 McGraw Avenue?
1942-1944-1946 McGraw Avenue has a total of 14,400 square feet.
What is the year built for 1942-1944-1946 McGraw Avenue?
The year built for 1942-1944-1946 McGraw Avenue is 2008.
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