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For Sale
Bronx
1180 Grant Avenue

1180 Grant Avenue

Bronx, NY 10456

$1,799,999

8 Bedrooms
4 Bathrooms
0.07 Acre

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1180 Grant Avenue
Bronx, NY 10456

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Bronx / NY

Quadruplex HIGHLIGHTS

Property Type

Residential Income, Quadruplex
Year Built

1935
Cooling

Yes - Wall/Window Unit(s)
Heating

Yes - Natural Gas
RE Tax

$6,409

Listing courtesy of Jeffrie Pena of Locqube New York, Inc..

Welcome to this exceptional legal 4-family home, an ideal opportunity for both investors and developers. This property offers a unique blend of luxury and high rental income potential, making it perfect for those looking to maximize their investment. Each of the four spacious units features two bedrooms and one bathroom, boasting charming hardwood floors, bright and airy living spaces, and windowed kitchens equipped with modern amenities, including stainless steel appliances and dishwashers.

Spanning a rare 4,968 square feet and zoned R7-1, this property presents a prime development opportunity for savvy investors looking to capitalize on its full potential. Recent upgrades enhance the building’s value, including a new boiler and hot water tank, updated plumbing and electrical systems, and a sprinkler system for added safety. Additionally, split AC units provide heating and cooling, allowing the option to turn off the landlord’s central heating and have tenants cover their heating costs.

A fully renovated basement, currently used as an office, features a separate entrance leading to a shared laundry room and storage area. The spacious backyard, currently utilized for parking, offers additional convenience and potential for further enhancements. With the City of Yes initiative, there is an exciting opportunity to increase the rent roll by optimizing the walk-out basement—be sure to check out the online video for inspiration.

Tenants are responsible for electric and gas utilities, making this an efficient and low-maintenance investment. Situated near vibrant Morris Avenue, this home is surrounded by trendy restaurants, cafes, local shops, parks, and excellent transportation options.

Don't miss the chance to own this remarkable multi-family property in a sought-after location. Whether you're an investor seeking strong returns or a developer looking to unlock its full potential, this is an opportunity you won’t want to miss!

1180 Grant Avenue

Facts & Features

Acres

0.0735 Acres
Bathrooms (Full)

4
Bedrooms Total

8
City Region

Bronx

Lot Size

3,200 Sqft
MLS #

950747
Property Type

Quadruplex
Year Built

1935

Laundry Features

Common Area

Building Area Total

4968
Construction Materials

Brick
Property Attached

Yes
Total Number of Units

4
Year Built

1935

Parking Features

Driveway
Total Parking

2

Annual Taxes

$6,409

Basement

Finished, Full, Walk-Out Access
Cooling

Yes - Wall/Window Unit(s)
Flooring

Hardwood
Heating

Yes - Natural Gas
Interior Features

Open Floorplan

Sewer

Public Sewer
Utilities

Natural Gas Available, Electricity Available
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $534

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

1180 Grant Avenue

Location

Nearby Transit

B D

at 167 St
0.18 miles

Data courtesy of LocalLogic.co

Bronx Writing Academy
Grades: 6, 7, 8, UG
Jhs 22 Jordan L Mott
Grades: 6, 7, 8, UG
The Family School
Grades: PK, KG, 1, 2, 3, 4, 5, UG
Sheridan Academy For Young Leaders
Grades: PK, KG, 1, 2, 3, 4, 5
Ps 53 Basheer Quisim
Grades: PK, KG, 1, 2, 3, 4, 5

R T Hudson Elementary School
Grades: PK, KG, 3, 4, 5, 6, 7, 8
Scholars Of The Future Ed Child Care Center
Grades: PK, KG
All Hallows High School
Grades: 9, 10, 11, 12
Bronx Manhattan SDA School
Grades: PK, TK, KG, 1, 2, 3, 4, 5, 6, 7, 8
Christ the King Elementary School
Grades: PK, KG, 1, 2, 3, 4, 5, 6, 7, 8

Neighborhood

Concourse Village

Concourse Village is a residential neighborhood in the South Bronx located east of the Grand Concourse and known for its established cooperative housing, convenient transportation access, and proximity to major civic and cultural destinations....

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