1040 Clay Avenue, BRONX, NY

$875,000

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7

Beds

6

Baths

3,733

Square feet

0.05

Acres

About 1040 Clay Avenue

Investment opportunity is knocking!! Grab it today. 6 unit brownstone in a Fleetwood neighborhood in Grand concourse historic neighborhood of the Bronx! Own a piece of history today. Each apartment is good condition with one full bathroom. Because Zoning is R7 , there's an opportunity to build up many more stories on top of the existing property. Property taxes is $9954( Annually) , Water is $7000( Annually Approx.), heating is $8000 ( Annually Approx.) , Maintenance is $3000( Annually ) , while insurance is $4000( annually). Total expenses is $24954 ( annually ) while total annual income $94692( Annually) , NOI is $69,738( With an opportunity to increase) , and a cap rate of 7.3%. Check it out!!!

Features of 1040 Clay Avenue

MLS® # H6265816
Price $875,000
Bedrooms 7
Bathrooms 6.00
Full Baths 6
Square Footage 3,733
Acres 0.05
Taxes $9,954
Year Built 1899
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 1040 Clay Avenue
City BRONX
County Bronx
State NY
Zip Code 10456
Adult 55+ Community Yes

Amenities

Parking Spaces 2
Parking Driveway, Off Street
Is Waterfront No
Has Pool No

Interior

Interior Features Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen
Heating Oil, Baseboard
Cooling None
Has Basement Yes
Basement Finished, Full
Fireplace No

Exterior

Lot Description Corner Lot, Easement, Historic District, Near Public Transit
Exterior Blown-In Insulation, Brick

School Information

District City of New York
Elementary Call Listing Agent
Middle Call Listing Agent
High Call Listing Agent

Additional Information

Date Listed August 23rd, 2023
Days on Market 233
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCharles Rutenberg Realty, Inc.

Listing Map

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