1942-1944-1946 McGraw Avenue - Availability Details

Nearby Listings

205 Avenue A

205 Avenue A, New York, NY 10009

$142/Sqft/Year

Property

• Multi-Family
• 7,700 Sqft

Availability

• 1 Space
• 550 Sqft

223 Mott Street

223 Mott Street, New York, NY 10012

Contact for pricing

Property

• Multi-Family
• 8,300 Sqft

Availability

• 1 Space
• 400 Sqft

410 West 48th Street

410 West 48th Street, New York, NY 10036

$24 - $66/Sqft/Year

Property

• Multi-Family
• 13,600 Sqft

Availability

• 3 Spaces
• 5,900 Sqft

Thames Street

Thames Street, Brooklyn, NY 11237

$3,600/Month

Property

• Multi-Family
• 1,150 Sqft

Availability

• 1 Space
• 1,150 Sqft

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.