Semi-Attached Triplex
For Sale
$1,287,500
1297 Clay Ave The, Bronx, NY 10456
Well-maintained semi-attached triplex with three units, separate utilities, individual hot water heaters, and private gated driveway.
Property Size3,700 SF
Price / SF$347.97
Days on Market60
Property Features for 1297 Clay Ave The
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
separate utilities
individual hot water heaters
private gated driveway
outdoor backyard space
updated kitchens
stainless steel appliances
open-concept layouts
large sun-filled living areas
Building Details
Year Built
2007
Construction
brick
Listing Agency:
(516) 356-5533
Listed By:
Sam Beznos
(516) 356-5533
Source:
Elliman
Added: Jun 3
Changed: Jul 23
Last Checked: Aug 1 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sam Beznos
Investment Insights
Based on property information with market context.
This well-maintained semi-attached brick triplex offers three spacious residential units with separate utilities and individual hot water heaters for each apartment. The property includes outdoor backyard space and a private gated driveway. Interiors feature updated kitchens with modern cabinetry and stainless steel appliances, along with open-concept layouts and large, sun-filled living areas. Mechanicals are described as well maintained, supporting a turnkey presentation.
Located in the Mount Eden section of the Bronx, the property is positioned near public transportation, shopping, schools, restaurants, and major highways. Walk and transit access metrics in the listing indicate a highly walkable and transit-oriented setting.
Overall, the building’s unit-by-unit systems and three separate residences make it a straightforward income-producing configuration for investors or owner occupants seeking rental cash flow from a multi-unit asset.
Located in the Mount Eden section of the Bronx, the property is positioned near public transportation, shopping, schools, restaurants, and major highways. Walk and transit access metrics in the listing indicate a highly walkable and transit-oriented setting.
Overall, the building’s unit-by-unit systems and three separate residences make it a straightforward income-producing configuration for investors or owner occupants seeking rental cash flow from a multi-unit asset.
Key Highlights
- 2007‑built, well‑maintained semi‑attached brick triplex with approximately 3,700+ SF
- Three residential units with separate utilities and individual hot water heaters for each apartment
- Private gated driveway plus outdoor backyard space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $38.40 |
| − Vacancy | −$5.0k | −$1.34 |
| EGI | $137.1k | $37.06 |
| − OpEx | −$41.1k | −$11.12 |
| NOI | $96.0k | $25.94 |
3,700 SF · lease $38.40/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,975 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,538 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,069 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,358
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained semi-attached triplex with three units, separate utilities, individual hot water heaters, and private gated driveway.
Where is this triplex located?
The property is located at 1297 Clay Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,287,500.
What are key features of this property?
This property features: 2007‑built, well‑maintained semi‑attached brick triplex with approximately 3,700+ SF; Three residential units with separate utilities and individual hot water heaters for each apartment; Private gated driveway plus outdoor backyard space
