Spacious Two-Family Bronx
1188 Grant Avenue, Bronx, NY 10456
- Added:
- May 4, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 27 at 5:06 am
Property Features for 1188 Grant Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 5, Basement, Bedroom 2, Bedroom 7, Bedroom 4
- Parking features
- Garage
- Basement
- Partially Finished, Full
- Standard status
- Active
- APN
- 02449-0051
- Size
- 3,312 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3882
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1935
- Number of units
- 2
- Building materials
- Brick
Listing agent Etan Hakimi (718) 268-5588
Listing office Mitra Hakimi Realty Group LLC 62 Berkshire Rd, Forest Hills, NY (718) 268-5588
Listing date May 4, 2026
MLS# 991532
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Spacious two‑family property with approximately 3,312 sq ft, ideal for investors or owner‑occupiers seeking rental income.
- Convenient location with excellent access to public transportation (IRT Jerome Avenue Line, MTA buses) and major roadways (Cross Bronx Expressway) for easy commuting to Manhattan and other boroughs.
- Each unit features generously sized living areas, well‑proportioned bedrooms, and functional layouts.
- Full basement with garage space for parking, storage, or future customization.
- Located in a vibrant neighborhood with local shops, restaurants, parks, and everyday conveniences.
- Constructed with durable brick.
Overview
Located in the Bronx, 1188 Grant Avenue is a two-family property featuring approximately 3,312 square feet of living space. The building size is 23.50x72. This property is suitable for investors and end-users, offering the opportunity to generate rental income. Each unit includes generously sized living areas, well-proportioned bedrooms, and functional layouts designed to maximize space and natural light. The property also features a full basement with garage space, providing convenience for parking, storage, or future customization. Situated in a vibrant neighborhood, the home is surrounded by local shops, restaurants, parks, and everyday conveniences. Claremont Park is nearby, offering a setting for outdoor recreation. Commuters have access to public transportation, including the IRT Jerome Avenue Line (4 train) and multiple MTA Regional Bus Operations routes. With connections to Manhattan and other boroughs, plus access to major roadways such as the Cross Bronx Expressway, commuting is efficient. The property is located in an evolving Bronx community and presents a fantastic opportunity to expand an investment portfolio or secure a multi-family home with income potential. The lot size is 0.0633 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.2k | $38.40 |
| − Vacancy | −$4.5k | −$1.34 |
| EGI | $122.7k | $37.06 |
| − OpEx | −$36.8k | −$11.12 |
| NOI | $85.9k | $25.94 |
3,312 SF · lease $38.40/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,911 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$1.11M
$968.3K – $1.29M
NOI $77,464 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,324 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.914985
- Latitude
- 40.833035
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family property in the Bronx with income potential.
Where is this duplex located?
The property is located at 1188 Grant Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Spacious two‑family property with approximately 3,312 sq ft, ideal for investors or owner‑occupiers seeking rental income.; Convenient location with excellent access to public transportation (IRT Jerome Avenue Line, MTA buses) and major roadways (Cross Bronx Expressway) for easy commuting to Manhattan and other boroughs.; Each unit features generously sized living areas, well‑proportioned bedrooms, and functional layouts.
