42 Unit Corner Walk-Up Building in Mount Hope
$3,750,000
2001 Grand Concourse, New York, NY 10453
For Sale
              
              
              
                
                  Multifamily
                
              
              
                
                  Unknown Sub Type
                
              
              
            
                  
                  Active
                
              
              
                
                  Last Updated: 09/18/2025
                
              
            7.5
Cap Rate
42,000 sqft
Building Size
Details:
                    
                      Cap Rate:    7.5%
                    
                  
                  
                
                    
                      Building Size:    42,000 sqft
                    
                  
                  
                
                    
                      Lot Area:    9,200 sqft
                    
                  
                  
                
                    
                      Units:    42
                    
                  
                  
                
                    
                      GRM:    5.29
                    
                  
                  
                
                    
                      Price Per Sqft:    $89
                    
                  
                  
                
                    
                      Price Per Unit:    $89,286
                    
                  
                  
                
                    
                      Zoning:    R8 / C
                    
                  
                  
                
                    
                      Floors:    6
                    
                  
                  
                Highlights:
- Located on the Northwest corner of Grand Concourse & E 179th Street
- Unit breakdown is comprised of twelve (12) 1-bedroom apartments, sixteen (16) 2-bedroom apartments, eight (8) 3-bedroom apartments, five (5) 4-bedroom apartments and one (1) 5-bedroom apartment
- Abundance of national/local commercial tenants are accessible for residents on E Tremont Avenue, E Burnside Avenue, & Grand Concourse
- The asset is in proximity to supermarkets, local eateries, schools & medical institutions
- Transportation is in abundance surrounding the building as the properties are located directly in front of the B/D subway line & the Bx1/2 bus stop
Documents:
| Title | ||
|---|---|---|
| Listing Setup | 
            * Documents permissions are set by the listing owner, request information to access locked documents.
          
        Location
 
            Gallery
 
                
               
             
               
               
               
              