Price Reduced 7.80%
Price History
$949,000
8/23/2023
$900,000
2/13/2024
$875,000
3/25/2024
1040 Clay Avenue, Bronx, NY, 10456
7 beds
6 Full baths
1899
Multi Family
3,733 sqft
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!!!
Status:
Active
Type:
Multi-family
Units:
6
Garage:
Driveway, Off Street
Heating:
Oil, Baseboard
Cooling:
None
Basement:
Finished, Full
Parking:
2-car
Acreage:
0.05
Est. Taxes:
$9,954
Assessment
$867,000
Construction
Blown-In Insulation, Brick
Lot Description:
Corner Lot, Easement, Historic District, Near Public Transit
Adult Communities:
Yes
Elementary School:
Call Listing Agent
Middle School:
Call Listing Agent
High School:
Call Listing Agent
School District:
New York
MLS #:
H6265816
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Charles Rutenberg Realty, Inc. (718) 994-4002