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 |
| Year Built | 1899 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1040 Clay Avenue |
|---|---|
| City | Bronx |
| County | Bronx |
| State | NY |
| Zip Code | 10456 |
Additional Information
Listing Details
| Office | Charles Rutenberg Realty, Inc. |
|---|---|
| Office Contact | (718) 994-4002 |