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Alicia Willingham

Licensed Real Estate Salesperson

  • Office 914-401-9700
  • Cell 914-512-0335
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1168-1174 Clay Avenue, Bronx, NY – $3,396,000

  • 28 Beds
  • 20 Baths
  • 2,850 Sqft
  • .03 Acres
  • 28 Beds
  • 20 Baths
  • 2,850 Sqft
  • .03 Acres

1168-1174 Clay Avenue

CHECK THIS OUT! Package deal strictly for investors only. Located in the Long wood section of the Bronx, New York City, we present 4 newer constructed brick 3 family houses with MLS#s 4921055,4922891,4922920,4922922. All with uniformly designed layout and outlook. Awesome location, close to Manhattan. Each of these four 3 family houses features open concept living room/dining room combo, crisp and clean design kitchens and 2 beautiful bathrooms on each floor. A casual stroll through the living room of the first floor units will expose you to a fenced rolling green lawn, thus creating a very cozy homely ambiance at each backyard. With a total of 8 three bedrooms, 4 one bedrooms (12 bedrooms total), and 4 finished basements with 4 one car garage on each house, these newer constructed properties are worth your investment. Invest today and smile tomorrow. Gross income from the 4 houses is $233,400/pa. Expenses is $21,200/pa, net operating income is $212,200/pa. Tax is less than $400/pa (25 yrs tax abatement active, remaining 13 yrs), cap rate is 6% approx, and will increase to 8.7% if seller increases the current rental incomes to meet the current market value. Present rental values are below market value. Only 2 active leases. All other leases are expired. Close to all public transportation and each property is R7 zoning. Purchase today, hold for some years, resale and harvest your American dream! Call me!!! PLEASE SEE ATTACHED DOCUMENT FOR INCOME AND EXPENSE BREAK DOWN.

Essential Information

  • MLS® #4922941
  • Price$3,396,000
  • Bedrooms28
  • Bathrooms20.00
  • Full Baths20
  • Square Footage2,850
  • Acres0.03
  • Year Built2006
  • TypeMulti-Family 2-4
  • Sub-TypeFlats
  • StyleContemporary
  • StatusActive

Community Information

  • Address1168-1174 Clay Avenue
  • AreaBronx
  • CityBronx
  • CountyBronx
  • StateNY
  • Zip Code10456

Amenities

  • Parking Spaces4

Amenities

1st Fl Master Bedroom, 1st Floor Bedrm, Eat in Kitchen, Hardwood Floors As Seen, Heated Parking, Master Bath, Sprinkler Fire Sys, Trash Collection, Walk In Closet

Parking

Garage Parking, 4+ Car Attached

Interior

  • HeatingBase Board
  • CoolingWindow Units
  • Has BasementYes
  • BasementFinished, Full

Exterior

  • ExteriorBrick, Stucco
  • Lot DescriptionLevel
  • ConstructionBrick, Energy Star

School Information

  • DistrictBronx
  • ElementaryCall NYC DOC
  • MiddleCall NYC DOC
  • HighCall NYC DOC

Listing Details

  • Listing Courtesy ofCharles Rutenberg Realty, Inc.
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Listing Courtesy of Charles Rutenberg Realty, Inc..

The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Giner Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

Information deemed reliable but not guaranteed.

© 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on June 16th, 2019 at 5:43pm EDT.