Multi Family 5+ in Bronx
| MLS Number | 6265816 |
|---|---|
| Address | 1040 Clay Avenue, BRONX, NY 10456 show map |
| Price | $875,000 show mortgage calculator |
| Acres | 0.049908172635445 |
| Year Built | 1899 |
| Est. Sq. Footage | 3733 |
| Elementary School | Call Listing Agent |
| Jr High-Middle School | Call Listing Agent |
| High School | Call Listing Agent |
| Estimated Taxes | $9,954 |
| Total Apt Units | 6 |
| Total Bedrooms | 7 |
| # 1 Brs | 5 |
| # 2 Brs | 1 |
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!!!
Cathedral Ceiling(s), Eat-in Kitchen, Walk Metro-North RR
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