Courtesy of: Isatou Jabbie, Charles Rutenberg Realty, Inc., i.jabbie02@gmail.com
Courtesy of: Isatou Jabbie, Charles Rutenberg Realty, Inc., i.jabbie02@gmail.com
$875,000
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7 bed
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6.00 Bath (6 Full Bath)
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Lot: 0.05 Acres
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$875,000
1040 Clay Avenue 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!!!
Courtesy of: Isatou Jabbie, Charles Rutenberg Realty, Inc., i.jabbie02@gmail.com
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