Renovated Two-Family
For Sale
$799,000
Pending
1301 Clay Ave, Bronx, NY 10456
Vacant residence offers two apartments, a finished basement, driveway parking, and backyard space.
Property Size2,988 SF
Days on Market55
Property Features for 1301 Clay Ave
General Information
Standard status
Pending
Size
2,988 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
R7-1
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
fully finished basement
private bath
backyard
Building Details
Year Built
1901
Buildings
1
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Abel Brea
(347) 203-1731
Source:
Searchhomesinlongisland
Added: Aug 21
Changed: Oct 10
Last Checked: Oct 12 at 7:52PM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
Built in 1901, this R7-1-zoned duplex contains two separate residential units arranged one above the other. The upper residence has 4 bedrooms and 2 baths, while the lower unit includes 3 bedrooms and 1 bath. Recent renovations extend to a fully finished basement with its own bath. The property is currently vacant, allowing immediate occupancy or leasing without an existing tenant in place.
Exterior features include a 1-car driveway and a private backyard. The home is located in the Claremont section of the Bronx, with public transportation, major highways, shopping, parks, schools, and other neighborhood amenities identified in the surrounding area.
Exterior features include a 1-car driveway and a private backyard. The home is located in the Claremont section of the Bronx, with public transportation, major highways, shopping, parks, schools, and other neighborhood amenities identified in the surrounding area.
Key Highlights
- Two‑family duplex with a 4‑bedroom, 2‑bath upper unit and 3‑bedroom, 1‑bath lower unit
- Fully vacant and recently renovated
- Finished basement with a private bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,886
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,720
$1.4M
Cap Rate 7%
$998,371
$998.4K
Cap Rate 9%
$776,511
$776.5K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$134.5K $45.00/SF
− Vacancy
−$7.4K −$2.48/SF
EGI
$127.1K $42.53/SF
− OpEx
−$57.2K −$19.14/SF
NOI
$69.9K $23.39/SF
Area
ZIP 10456
Vacancy
5.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,720
Cap Rate 7%
$998,371
Cap Rate 9%
$776,511
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$968.8K – $1.29M
NOI $77,506 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$998.4K
$873.6K – $1.16M
NOI $69,886 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,847 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,131
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant residence offers two apartments, a finished basement, driveway parking, and backyard space.
Where is this duplex located?
The property is located at 1301 Clay Ave Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family duplex with a 4‑bedroom, 2‑bath upper unit and 3‑bedroom, 1‑bath lower unit; Fully vacant and recently renovated; Finished basement with a private bath
