1942-1944-1946 McGraw Avenue

For SaleContact for pricing

1944 McGraw Avenue, The Bronx, NY 10462

  • Multi-Family

1942-1944-1946 McGraw Avenue, The Bronx, NY 10462 - Multi-Family Space

1942-1944-1946 McGraw Avenue is located at 1944 McGraw Avenue in the Parkchester neighborhood, NY, The Bronx, 10462. The Class A Multi-Family building was completed in 2008 and features a total of 14,400 Sqft.

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Details

  • Sale Price 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

Description

**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.

FREQUENTLY ASKED QUESTIONS

What is the lease rate for 1942-1944-1946 McGraw Avenue?

Rental asking rate at 1942-1944-1946 McGraw Avenue is 3600000 per square foot.

What is the total square footage of 1942-1944-1946 McGraw Avenue?

1942-1944-1946 McGraw Avenue totals 14,400 square feet.

When was this property built?

1942-1944-1946 McGraw Avenue was built in 2008.

Parkchester Demographics

The average household income in zip code 10462 is $63,952, from a total of 29,543 households. In terms of employment, there are 82.57 % white-collar and 17.43 % blue-collar jobs in zip code 10462.

Population

  • Total Population76,756
  • Male Population(47.0 %) 36,091
  • Female Population(53.0 %) 40,665
  • Median Age36.30

Income/Financial

  • Average Household Income$63,952
  • Median Household Income$52,409
  • Median Income Under 25$34,211
  • Median Income 25-44$54,844
  • Median Income 45-64$55,044
  • Median Income Over 65$33,502

Contact Register now to add listings

Yit J.

(914) 709-5243

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