Keller Williams Realty NYC Grp
Listed by Keller Williams Realty NYC Grp
$749,999
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.
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
$--
$--
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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