1040 Clay Avenue
1040 Clay Avenue
$875,000
7
6
3,733
3,733
$234
Description
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...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!
- Listed by Isatou Jabbie • Charles Rutenberg Realty, Inc.P: 718-994-4002 C: 914-817-5163 i.jabbie02@gmail.com
- Listed by Danny B. Agboh • Charles Rutenberg Realty, Inc.P: 718-994-4002 C: 917-292-2047 dannybrowny2@gmail.com
Property Details for 1040 Clay Avenue
Community Features
Park
Garage Spaces.00
Location
LISTING UPDATED: 03/25/2024 03:25 PM
Property Details for 1040 Clay Avenue
Status | Active |
---|---|
MLS ID | H6265816 |
Days on Market | 248 |
Taxes | $9,954 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1899 |
Lot Size | 2,174 SF / 27' x 80' |
County | Bronx County |
Building
Location
Building Information for 1040 Clay Avenue
Stories3Residences6Year Built1899Building Size22' x 47'Building Sq. Ft3,102 SFLot Size2,174 SF / 27' x 80'Building Age-Building Type-
Payment Calculator
$5,605 per month
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Property Information for 1040 Clay Avenue
Property History for 1040 Clay Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1040 Clay Avenue
Taxable ValueLand$3,150Additions$387,000Total$390,150
Home Facts
Total Finished SqFt3,733 SqFtLot Size2,172 SqFtYear Built1899ZoningR7-1APN2024250002
Schools near 1040 Clay Avenue
This home is within New York City Geographic District # 9.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Grant Avenue Elementary School PublicPK to 5 | ||
Jhs 22 Jordan L Mott Public6 to 8 | ||
Bronx Early College Academy For Teaching And Learn Public6 to 12 | ||
South Bronx International Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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