1818 CLAY AVENUE

For Sale - Bronx - Mount Hope / Mt Hope

$10,750,000

Net Operating Income: $526,258

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Key Details

Property Type
MultiFamily
Neighborhood
Mount Hope / Mt Hope
Property Dimensions
50.0 x 79.0
Property Area
19,158 sq.ft.
Total Units:
46
Stories:
6
NOI
$526,258
Price
$10,750,000
Price Per Unit
$447,916
Cap Rate
4.9%

Listing Description

The subject 2 Properties consist of a Six-story Mid-Rise Brick and Masonry Elevator Apartment Building and a Five-story Brick Walk-up Apartment Building.

The 2 building package contains Seven (1) Bedrooms, Thirty-Three (33) 2 Bedrooms and Six (3) Bedroom for a total of 46 Residential Apartments. Gross total floor area of 33,158 Square feet and 43,322 Maximum potential buildable square feet.
Properties were Built in 1937 & 1928 and are located in The Mount Hope Section of the Bronx, close to Schools, Shopping and Entertainment.

Property Details

Block/Lot:
2891/61
Lot Dimensions
50.0 x 95.0
Lot Area
4,750 sq.ft
Zoning:
R7-1
FAR as Built:
4.03
Max FAR:
4.8
Andrew LichtensteinLichtenstein RE
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