1040 Clay Avenue, Bronx, NY 10456

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$875,000
Active for Sale
7 Beds
6 Baths
3733 SF
Built In 1899
 
Listing ID 11201560
Property Type Residential
School City of New York
Total Tax $9,954
Tax ID 02425-0002
FEMA Flood Map fema.gov/portal
Year Built 1899
   
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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 Details
  • 7 Total Bedrooms
  • 6 Full Baths
  • 3733 SF
  • 0.05 Acres
  • 2174 SF Lot
  • Built in 1899
  • Lower Level: Finished
Interior Features
  • First Floor Primary Bedroom
  • Baseboard
  • Oil Fuel
Exterior Features
  • Brick Siding
  • Community Water
  • Community Septic
  • Fence
  • Corner
Community Details
  • Playground
  • 55+ Community
Taxes and Fees
  • $9,954 Total Tax
Listed By
Charles Rutenberg Realty, Inc.
Office: 718-994-4002
Charles Rutenberg Realty, Inc.
Office: 718-994-4002
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