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1040 Clay Avenue Bronx, NY 10456
$875,000
  • For Sale
  • 7 Bedrooms
  • 6 Full Baths
  • 3733 SqFt
  • Year Built 1899
  • Multi Family
  • ML# H6265816

Property Details

Overview

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!!!

Key Facts

  • SqFt: 3733.00
  • Lot Size: 0.05
  • Lot Sq Ft: 2174
  • Taxes: $9,954
  • School District: City of New York

Additional Features

  • Construction Materials: Blown-In Insulation, Brick
  • Interior Features: 
    Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen
  • Garage: 0.0
  • Parking Spaces: Yes
  • Parking Spaces: 2
  • Parking Facilities: Driveway, Off Street

Rooms & Floor Plans

  • Bedroom: 7
  • Full Bath: 6

Interior & Utilities

  • Heat: Oil, Baseboard
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer
  • Garbage Removal: Public

Financial

  • Taxes: $9,954
  • Maintenance: $3,000
Listing Information provided courtesy of Charles Rutenberg Realty, Inc.  (718) 994-4002
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS