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1180 Sherman Avenue

Bronx, NY 10456
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Bed 8

Bed

Bath 4

Bath

Acres0.05

Acre(Lot)

Welcome to 1180 Sherman Avenue, a fully renovated four-family property in the heart of the Concourse. This rare investment opportunity combines modern living with strong rental performance and the long-term upside of R7-1 zoning for future development. Each of the four updated two-bedroom, one-bathroom units is thoughtfully designed with contemporary finishes, including stainless steel appliances, grey quartz countertops, flint grey cabinetry, hardwood floors, and open-concept layouts that maximize space and light. The generously sized bedrooms easily accommodate queen beds with ample closet space, while the updated bathrooms complete the stylish aesthetic. Beyond the interiors, the property offers valuable amenities, including private parking, a full basement with storage and a laundry r oom, and efficient electric baseboard heating. Its location is equally compelling—just steps from the 167th Street subway station, providing a convenient 30-minute commute to Manhattan, along with proximity to major highways, Starbucks, shopping, and both casual and fine dining. From an investment perspective, the numbers are highly attractive. At an asking price of $1,499,999, the property generates $138,480 in gross annual income and incurs estimated annual expenses of $23,685, resulting in a net operating income of approximately $114,795. This produces a cap rate of roughly 7.65% on an all-cash basis. For those using financing, a 25% down payment, 6% interest rate, and 30-year amortization yields a cash-on-cash return of approximately 9%. Whether you are seeking immediate rental income with strong returns or looking to capitalize on future redevelopment potential, 1180 Sherman Avenue offers an exceptional opportunity in one of the Bronx’s most dynamic and accessible neighborhoods.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,999

AD Id : 74043533

MLS Id : 950739

Beds : 8

Lot Size : 0.05 Acre

Year Built : 1992

County : Bronx

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Basement: Full, Storage Space
  • Interior Features

    Storage Laundry Features: Common Area, In Basement
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1992 Building Area Total: 3104 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0459 Lot Size Square Feet: 2000

  • Listing Price Information

    Listing Price: $1499999

  • Tax Information

    Parcel Number: 02452-0047 Annual Tax: $6717

  • Parking Information

    Parking Total: 1 Attached, Driveway

    Garage Information

    Has Attached Garage: Yes

  • Utility Information

    Natural Gas Available, Electricity Available
  • Location Information

    WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/08/2026 @ 02:04

MLS: 950739 LISTED BY: Jeffrie Pena, Locqube New York, Inc. 347-657-1114 SOURCE: OneKey MLS

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