1946 McGraw Ave

**8% Cap Rate with upside potential for 12% return. Buyer is eager to sell!

This portfolio contains 3 adjacent identical buildings with a spacious backyard. Each building has 3 huge above-ground apartments as well as a large basement studio with a separate entrance to the street. Construction is relatively new from 2008, having also just been gut-renovated in Mid December with top-of-the-line granite kitchen counters/cabinets as well as high-end appliances and tile backsplash. This lot is zoned as R6, granting an additional 6000+ buildable SF.

Each of the three addresses also has a large storage facility in the lower level. These spaces are nicely finished with tiles and are currently vacant. Comparable basement facilities within a few blocks are getting $1350/month per room, and we have three rooms. This can bump NOI by ~$48,600/year.

Located within a couple hundred feet from subway line 6, as well as main bus lines providing excellent transportation options. There are major shopping areas, restaurants and entertainment venues all within a few blocks.

There are several new multifamily developments currently in construction within a few blocks.

Rent Roll and T12 Pro Forma are all available upon request.