1040 Clay Avenue, BRONX

$875,000

7 Beds
6 Baths
3,733 Sqft
.05 Acres
0 Garages

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!!!

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Essential Information
MLS® #H6265816
Price$875,000
Bedrooms7
Bathrooms6.00
Full Baths6
Square Footage3,733
Acres0.05
Year Built1899
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address1040 Clay Avenue
CityBRONX
CountyBronx
StateNY
Zip Code10456
Amenities
Parking Spaces2
ParkingDriveway, Off Street
Interior
HeatingOil, Baseboard
CoolingNone
Has BasementYes
BasementFinished, Full
Interior Features

Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen

Exterior
ConstructionBlown-In Insulation, Brick
Lot Description

Corner Lot, Easement, Historic District, Near Public Transit

School Information
DistrictCity of New York
ElementaryCall Listing Agent
MiddleCall Listing Agent
HighCall Listing Agent
Additional Information
Date ListedAugust 23rd, 2023
Days on Market249
Listing Details
Listing Courtesy ofCharles Rutenberg Realty, Inc.
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Listing information last updated on April 28th, 2024 at 7:05pm CDT.