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42 Unit Corner Walk-Up Building in Mount Hope

$3,750,000

2001 Grand Concourse, New York, NY 10453

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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
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