1040 Clay Avenue

Concourse

$875,000
Price
7
Beds
6
Baths
3,733 Sq. Ft.
$234 / Sq. Ft.
3,733
Sq. Ft.
$234
per Sq. Ft.

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!
  1. Listed by Isatou Jabbie • Charles Rutenberg Realty, Inc.
    P: 718-994-4002 C: 914-817-5163 i.jabbie02@gmail.com
  2. 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 Courtesy of Charles Rutenberg Realty, Inc.
Add your commute
LISTING UPDATED: 03/25/2024 03:25 PM

Property Details for 1040 Clay Avenue

StatusActive
MLS IDH6265816
Days on Market248
Taxes$9,954 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1899
Lot Size2,174 SF / 27' x 80'
CountyBronx County

Building

1040 Clay Ave

6 Units3 StoriesBuilt in 1899

Location

Listing Courtesy of Charles Rutenberg Realty, Inc.
Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$830

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1040 Clay Avenue

Summary
Location and General Information
  • Senior Community YN: Yes
  • MLS Area Minor: 99
  • Directions: navigation/GPS
  • Year Built Source: Owner
  • Year Built Effective: 2023
  • Property Attached: No
  • Structure Type: false
  • Square Footage Source: Municipality
  • Lot Size Source: Other
  • State Or Province: NY
School Information
  • School District: City of New York
  • Elementary School District: City of New York
  • Elementary School: Call Listing Agent
  • Middle Or Junior School District: City of New York
  • Middle Or Junior School: Call Listing Agent
  • High School District: City of New York
  • High School: Call Listing Agent
Unit Information
Unit 1 Information
  • Unit Type Unit Number: Unit_1
  • Unit Type Floor Location: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 0
  • Unit Type Actual Rent: $895.00
  • Unit Type Appliances: Microwave,Oven/Range,Refrigerator
Unit 2 Information
  • Unit Type Unit Number: Unit_2
  • Unit Type Floor Location: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 5
  • Unit Type Leased: 0
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Appliances: Microwave,Oven/Range,Refrigerator
Unit 3 Information
  • Unit Type Unit Number: Unit_3
  • Unit Type Floor Location: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 0
  • Unit Type Actual Rent: $1,346.00
  • Unit Type Appliances: Microwave,Oven/Range,Refrigerator
Unit 4 Information
  • Unit Type Unit Number: Unit_4
  • Unit Type Floor Location: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Appliances: Microwave,Oven/Range,Refrigerator
Unit Information
  • Number Of 1 Bedrooms: 5
  • Number Of 2 Bedrooms: 1
  • Number Of 3 Bedrooms: 0
  • Number Of 4 Bedrooms: 0
  • Building Units Total: 6
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 02425-0002
  • Tax Map Number: 02425-0002
  • Tax Assessed Value: $867,000.00
  • Included In Taxes: Sewer,Trash
  • Tenant Pays: Cooking Gas,Electricity
Income & Expenses Information
Income & Expenses Information
  • Maintenance Expense: $3,000.00
  • Fuel Expense: $8,000.00
Interior and Exterior Features
Interior Features
  • Amenities: 1st Floor Bedrm, Back Yard, Cathedral/Vaulted/High Ceiling, Eat in Kitchen, Fenced, Park, Public
  • Interior Features: 1st Fl Master Bedroom, First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen
  • Living Area: 3733.0
  • Living Area Units: Square Feet
  • Primary on Main: Yes
  • Basement: Finished, Full
  • Location Amenities: Fenced, Fenced Yard, 1st Fl Master Bedroom, Cathedral/Vaulted/High Ceiling, Eat in Kitchen
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: Driveway, Off Street, Back Yard, Fenced, Park, Corner Lot, Easement, Historic District, Near Public Transit
  • Elevation Certificate: No
  • Fencing: Back Yard,Fenced
  • Construction Materials: Blown-In Insulation,Brick
  • Road Responsibility: Public Maintained Road
Lot Information
  • Lot Features: Corner Lot,Easement,Historic District,Near Public Transit
  • Site Features: Park, Corner Lot, Easement, Historic District, Near Public Transit
  • Building Area Units: Square Feet
Parking
  • Parking Features: Driveway, Off Street
  • Parking Total: 2.00
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Oil, Baseboard
  • Heat Fuel Type: Oil, Baseboard
  • Number Of Heating Zones: 6
  • Hot Water: Fuel Oil Stand Alone
  • Number Of Separate Gas Meters: 6
  • Garbage Removal: Public
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 7
Green Features
  • Green Features: Oil, Baseboard

Property History for 1040 Clay Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1040 Clay Avenue is a multi-family home for sale in Concourse. This property was listed for sale on August 23, 2023 by Charles Rutenberg Realty, Inc., it's currently listed at $875,000. This listing's school district is New York City Geographic District # 9. Nearby schools include Grant Avenue Elementary School, Jhs 22 Jordan L Mott and Bronx Early College Academy For Teaching And Learn. 1040 Clay Avenue is a 7-bed, 6-bath, 3,733 sqft multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Charles Rutenberg Realty, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The 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. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.