MLS® ID: RLMX-014620031387
1946 Mcgraw Avenue
Bronx, New York, 10462 $1,200,000
**8.1% Cap Rate with upside potential for 12% return. Buyer is eager to sell! This is one of three adjacent buildings with a spacious backyard. (Option available to buy all three adjacent buildings 1942-1944-1946 McGraw Ave) 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 been recently renovated in 2019. Property is very well maintained in great condition. This lot is zoned as R6, granting a significant amount of additional buildable SF. 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.