x
Master on Main
Address
1168-1174 Clay Avenue Bronx, NY
Price
$ 3,396,000
Property Attributes
  • MLS#4922941
  • TypeMulti-Family
  • CountyBRONX
  • CityBronx
  • AreaBronx
  • NeighborhoodBronx
  • Zip10456
  • StyleContemporary
  • Year Built2006
  • Taxes100
  • Price$ 3,396,000
  • Bedrooms28
  • Full Bathrooms20
  • Half Bathrooms0
  • Sqr Footage2850
  • Lot Size1,520 SqFt
Listing Provided Courtesy Of:
Charles Rutenberg Realty, Inc.
Property Description

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.

Elementary School Middle School High School
Call NYC DOE Elementary School Call NYC DOE Middle School Call NYC DOE High School
Price History
4/20/2019 Listed $3,460,000
5/27/2019 2% - $3,396,000

General Features

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
Hot Water Gas Stand Alone
Post Office Bronx
Property Type Multi-Family 2-4
School District Bronx
Status Active
Style Contemporary
Tax Amount 100
Tax Year 2018
Type of Unit Flats
Village None
Water Description Community
Water Expenses 10800
Year Renovated 2018

Interior Features

Air Conditioning Window Units
Attic Description Dormer
Basement Description Finished, Full
Beds Total 28
Full Baths 20
Gas Available? Yes
Heating Fuel Natural Gas
Heating Type Base Board
Heating Zones 3
Unit Count 3

Exterior Features

Construction Description Brick, Energy Star
Garbage Public
Lot Description Level
Lot Size Area 0.0349
Number of Parking Spaces 4
Parking 4+ Car Attached, Garage Parking
Sewer Description Sewer
Siding Description Brick, Stucco

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 10456

Price
AVG $940K
$3.4M
Taxes
AVG $2,479
$100
Visits
AVG 14
62
Year Built
AVG 1947
2006
Walkscore
AVG 93
93
Data Provided by Walkscore ® not using MLS data

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