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26881323
26881324

1040 Clay Avenue, New York, NY 10456

Keller Williams Realty NYC Grp
Listed by Keller Williams Realty NYC Grp
$749,999
268 days on market
Updated 62 days ago

1040 Clay Avenue

Details
APN 02425-0002
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,733
Units 6
NOI $52,454
Year Built 1899
Acreage 0.050

Multifamily | 6 Units

Marketing description

Exceptional brownstone six-unit multi-family building offering a rare opportunity for both investors and end users. This well-maintained, rent-stabilized property delivers reliable, long-term income in one of the Bronx’s high-demand rental markets. The building consists of five 1-bedroom apartments and one 2-bedroom apartment, all featuring well-proportioned layouts, excellent natural light, and strong tenant appeal. Regulated rents provide consistent cash flow while preserving long-term value. A fully finished basement with a full bathroom adds valuable bonus space suitable for recreation, storage, or other permitted uses, Conveniently located near public transportation, major highways, shopping, schools, and neighborhood amenities, making this a compelling asset for investors seeking stability, durability, and appreciation potential.
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Listing Contacts

Keller Williams Realty NYC Grp
Listed by Keller Williams Realty NYC Grp

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,453.92
$4,371.16/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

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