1818 CLAY AVENUE

For Sale - Bronx - Mount Hope / Mt Hope

$4,225,000

Net Operating Income: $241,401

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Key Details

Property Type
MultiFamily
Neighborhood
Mount Hope / Mt Hope
Property Dimensions
550.0 x 79.0
Property Area
3,950 sq.ft.
Total Units:
25
Stories:
6
NOI
$241,401
Price
$4,225,000
Price Per Unit
$169,000
Cap Rate
5.7%

Listing Description

38% Reduction!!! Priced for Quick Sale!!!
The subject Property consists of 25 Pre-War Large Apartments in a Lovely Six-story Mid-Rise Brick and Masonry Elevator Apartment Building with beautiful Art Deco construction. Built solidly.

The building contains Six (6) 1 Bedrooms, Eighteen (18) 2 Bedrooms and One (1) 3 Bedroom Basement Apartment for a total of 25 Residential Apartments. Gross total floor area of 19,158 Square feet.
Property was Built in 1937 and is 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:
3.44
Max FAR:
3.44
Andrew LichtensteinLichtenstein RE
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