Twelve Stones Realty is pleased to announce we have been retained to exclusively represent the sale of 1124 Grant Avenue, in the Concourse Section of the Bronx. Currently, it is a 6,232 SF 3-story walk-up building consisting of 6 apartments and a 2-car garage The building was completely GUT-RENOVATED in 2016 and is currently 100% occupied with NFP tenants. The average rents are $2,271. And the gross income is $174,000 annually. The property sits on a 35 x 100 R7-1 LOT with 16,800 buildable square feet. giving the ability to convert to a 24-unit building The property is being offered at an 8.55% cap rate with an asking price of $1,500,000. Projected 13.25% on lease renewals Reuben Lugassy, Yaakov Pliner & Shaya Rosenberg will be handling this listing.