1124 Grant Avenue

• Spacious Multifamily Layouts: The fully detached, 27-foot-wide building sits on a 35-foot-wide lot, offering windows on all four sides and abundant natural light. The property features six generously sized apartments, comprising four 3BR / 1BA and two 2BR / 1BA units, with spacious layouts averaging approximately 850 SF.
• Strong In-Place Cash Flow: Despite being fully rent-stabilized, the property benefits from high legal rents averaging $2,461 per month (~$35/SF), providing a strong income foundation.
• Private Driveway & Two-Car Garage: An 8 foot wide driveway with an existing curb cut provides access to a two-car garage at the rear of the property, offering valuable off-street parking and/or storage space.
• Significant Development Potential: Favorable R7-1 zoning permits up to 12,040 buildable square feet, including approximately 5,908 BSF of unused development rights. This presents potential opportunities for expansion, redevelopment, or transfer of development rights to eligible neighboring properties.
• Excellent Transportation Access: Conveniently located near the 167th Street B, D, and 4 subway lines, providing direct access to Midtown Manhattan, Grand Central Terminal, Lower Manhattan, and Brooklyn. Nearby Metro-North Harlem line offers additional connectivity to Manhattan and Westchester County.