1040 Clay Avenue Bronx, NY 10456
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!!!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBronx
- Taxes$9,954
- HOA/Condo/Coop Fees$0
- Days on Site308 Days
- MLS StatusActive
- MLS ID NumberH6265816
- Home Size Source N/A
- Year Built1899
- Lot Size0.05 Acres
- Full Baths6
- Partial BathsN/A
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General Features
- Construction Blown- In InsulationBrick
- Parking DrivewayOff Street
- Parking Spaces 2
- Sewer Public Sewer
- Basement FinishedFull
- Acreage 0.05
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling None
- Heating OilBaseboard
- Interior Master DownstairsFirst Floor BedroomCathedral Ceiling(s)Eat-in Kitchen
Exterior Features
- Fencing Back YardFenced
- Lot Corner LotEasementHistoric DistrictNear Public Transit
Community Features
- Community Features Park
- Senior Community Yes