1946 Mcgraw Avenue

$1,200,000, 25 Beds 6 Baths 4,800 Sqft .05 Acres

About This Property

**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.

Essential Information

MLS® #H5122470
Price$1,200,000
Bedrooms25
Bathrooms6.00
Full Baths3
Half Baths3
Square Footage4,800
Acres0.05
Year Built2008
TypeResidential Income
Sub-TypeMulti Family
StyleTownhouse
StatusPending

Community Information

Address1946 Mcgraw Avenue
CityBRONX
CountyBronx
StateNY
Zip Code10462

Amenities

ParkingDriveway
GaragesDriveway

Interior

HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
Has BasementYes
BasementFull

Exterior

ExteriorBrick
ConstructionBrick

School Information

DistrictBronx 10

Additional Information

Date ListedNovember 26th, 2019
Days on Market120
HOA Fees0.00

Listing Details

Listing Courtesy ofMont Sky Real Estate Hudson

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Listing information last updated on June 2nd, 2020 at 7:30pm CDT.

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