- For Sale $1,500,000
- Property Type Multi-Family
- Property Size 6,232 SF
- Units 6
- Lot Size 0.08 Acre
- Cap Rate % 8.6
- Rental Income / YR 174000
- NOI / YR 129000
- Taxes / YR 20582
- Zoning R7-1
- # of Floors 3
- Average Floor Size 1,950 SF
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1927
- Year Renovated 1996
- Date Updated Apr 2, 2024
- Construction Type BRICK
Twelve Stones Realty is pleased to announce we have been retained to exclusively represent the sale of 1124 Grant Avenue, in the Concourse Section of the Bronx.
Currently, it is a 6,232 SF 3-story walk-up building consisting of 6 apartments and a 2-car garage
The building was completely GUT-RENOVATED in 2016 and is currently 100% occupied with NFP tenants.
The average rents are $2,271. And the gross income is $174,000 annually.
The property sits on a 35 x 100 R7-1 LOT with 16,800 buildable square feet. giving the ability to convert to a 24-unit building
The property is being offered at an 8.6% cap rate with an asking price of $1,500,000.
Reuben Lugassy & Yaakov Pliner will be handling this listing.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Reuben Lugassy
(516) 551-7945
Location
Getting Around
-
Walk Score ®
90/100
Very Walkable
-
Transit Score ®
100/100
Rider's Paradise
-
Bike Score ®
80/100
Very Bikeable
- City Bronx, NY
- Neighborhood Concourse Village
- Zip Code 10456
- Market Bronx
Points of Interest
-
167th Street
0.22 miles
-
Melrose
0.40 miles
-
167th Street
0.41 miles
-
170th Street
0.52 miles
-
161st Street–Yankee Stadium
0.57 miles
-
170th Street
0.60 miles
-
Yankees–East 153rd Street
0.85 miles
-
Mount Eden Avenue
0.89 miles
-
174th–175th Streets
1.04 miles
-
3rd Avenue–149th Street
1.07 miles
-
Mobil
0.95 miles
-
Sunoco
0.99 miles
-
Mobil
1.24 miles
-
BP
1.27 miles
-
BP
1.28 miles
-
Speedway
1.36 miles
-
Mobil
1.38 miles
-
BP
1.45 miles
-
Shell
1.52 miles
-
Mobil
1.54 miles
-
Gerard Avenue Lot
0.39 miles
-
River Avenue Garage
0.47 miles
-
Concourse Plaza Garage
0.49 miles
-
164th Street Garage
0.49 miles
-
Rupert Plaza Garage
0.73 miles
-
153rd Street Garage
0.79 miles
-
Commuter Parking
0.83 miles
-
153rd Street Lot
0.83 miles
-
153rd Street North Lot
0.89 miles
-
Harlem River North Lot
0.91 miles
-
Best Western
0.82 miles
-
Umbrella Hotel
0.87 miles
-
Opera House Hotel
1.15 miles
-
Holiday Inn Express Bronx, NYC, Stadium Area
1.19 miles
-
Super 8
1.27 miles
-
St Nicholas Hotel
1.35 miles
-
Saint Nicholas Inn
1.36 miles
-
Comfort Inn & Suites
1.64 miles
-
Hotel
1.75 miles
-
Lotus Accomodation
1.92 miles
-
McDonald's
0.33 miles
-
Dunkin'
0.38 miles
-
Little Caesars
0.43 miles
-
Checkers
0.48 miles
-
Kennedy Fried Chicken & Pizza
0.49 miles
-
Court Deli Restaurant
0.54 miles
-
McDonald's
0.55 miles
-
NYY Steak
0.56 miles
-
Yankee Tavern
0.57 miles
-
Hard Rock Cafe
0.57 miles
-
Public School 53
0.24 miles
-
Public School 35
0.26 miles
-
Junior High School 145
0.28 miles
-
All Hallows School
0.31 miles
-
Saint Angela Merici School
0.32 miles
-
P.S./I.S. 218 Rafael Hernandez Dual Language Magnet School
0.35 miles
-
Roman Catholic School of Christ the King
0.41 miles
-
Public School 114
0.46 miles
-
Public School 132
0.47 miles
-
South Bronx Classical III
0.52 miles
-
Prospect Family Support Center
1.35 miles
-
East Bronx NAACP Day Care Center
1.87 miles
-
Friends & Family Daycare
3.19 miles
-
Sunshine Learning Center
3.38 miles
-
Park West Montessori School
3.41 miles
-
Kid Krazy
3.44 miles
-
Children's Learning Company
3.48 miles
-
Purple Circle Early Childhood Program
3.57 miles
-
Preschool of America
3.61 miles
-
Playhouse Prep
3.68 miles
Frequently Asked Questions
What is the lease rate for 1124 Grant Ave?
Rental asking rate at 1124 Grant Ave is $750,000.00/YR.
What is the total square footage of 1124 Grant Ave?
1124 Grant Ave totals 6,232 square feet.
When was this property built?
1124 Grant Ave was built in 1927.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
