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Six-Unit Brownstone Multifamily
For Sale
$699,999

1040 Clay Avenue, Bronx, NY 10456

MULTI_FAMILY - Bronx, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market346

Property Features for 1040 Clay Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Basement Finished, Storage Space
Directions CONCOURSE VILLAGE neighborhood: Webster Ave. make a right on E. 166th St. make a left on Clay Ave. ( between E. 166th St. & E. 165th St.)
Standard status Active
APN 02425-0002
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 13000

Utilities

Sewer type Public Sewer
Heating system Oil
Cooling system Electric
Water source Public

Building Details

Year built 1899
Number of units 6
Building materials Brick
Listing Agency: Keller Williams Realty NYC Grp
Listed By: Isatou Jabbie
Added: Sep 2, 2025 Changed: Jul 13 Last Checked: Aug 13 at 2:06AM
MLS# 909602

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This well-maintained brownstone multifamily building offers six total apartments configured as five 1-bedroom units and one 2-bedroom unit. The units are described as featuring well-proportioned layouts and strong natural light, designed to appeal to today’s renters. In addition to the apartment levels, the property includes a fully finished basement with a full bathroom, providing flexible bonus space for recreation, storage, or other permitted uses.

Located at 1040 Clay Avenue in the Bronx, the property is positioned for convenient day-to-day access. Public transportation and major highways are referenced in the listing remarks, along with nearby shopping, schools, and neighborhood amenities.

For buyers seeking an owner-occupant or investment property, the listing highlights that the building is rent-stabilized. That regulatory framework is presented as a source of stability through regulated rents, while still maintaining the core value of a long-term residential asset. The mix of unit sizes, along with the added basement amenity, supports a practical fit for households and operators looking for a straightforward six-unit residential setup.

Key Highlights

  • Six‑unit multi‑family brownstone building in a high‑demand Bronx rental market.
  • Rent‑stabilized property providing reliable, long‑term income and consistent cash flow.
  • Features five 1‑bedroom and one 2‑bedroom apartments with well‑proportioned layouts and excellent natural light.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom HVAC Service Gym & Fitness Center Building Supply Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5,347
Businesses Nearby

Demographics for 10456, NY

93,412
Population
33,321
Households
2.8
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
1.1 sq mi
ZIP Area
84,920
Density / Sq Mi
$35,676
Median Household Income
$30,340
Median Earnings
$1,194
Median Rent
$428,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained six-unit building with five 1-bedroom and one 2-bedroom apartment, plus a fully finished basement with a full bath.
Where is this apartment building located?
The property is located at 1040 Clay Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Six‑unit multi‑family brownstone building in a high‑demand Bronx rental market.; Rent‑stabilized property providing reliable, long‑term income and consistent cash flow.; Features five 1‑bedroom and one 2‑bedroom apartments with well‑proportioned layouts and excellent natural light.
More about this property
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