56-Unit Mixed-Use
For Sale
$3,250,000
1398 Clay Ave, Bronx, NY 10456
Mixed-use portfolio with 54 apartments and two ground-floor retail spaces totaling approximately 38,390 square feet.
Property Size38,390 SF
Price / SF$84.66
Days on Market49
Property Features for 1398 Clay Ave
General Information
Standard status
Active
Size
38,390 SF
Property subtype
Mixed-Use
Occupancy
100%
Amenities
1398 & 1402 Clay Avenue, built in 1914, is a 56-unit mixed-use portfolio on spanning approximately 38,390 square feet.
Tax Class: 2 | Zoning: R7-1 | 95% Rent Stabilized
Ideally situated adjacent to Claremont Park and just moments from the 170th Street B and D subway station with excellent accessibility to Midtown Manhattan.
Building Details
Building Size
38,390 SF
Units
56
Tenancy
Multi
Listing Agency:
New York City Office
Listed By:
Seth Glasser · License #License(s): NY: 10301209629
(212) 430-5136
Source:
Marcusmillichap
Added: Jul 30
Changed: Sep 7
Last Checked: Sep 16 at 12:22PM
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 New York City Office
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to offer 1398 & 1402 Clay Avenue, a 56-unit mixed-use portfolio in the Claremont section of the Bronx. The portfolio is comprised of 54 residential apartments and two ground-floor retail spaces totaling approximately 38,390 square feet.
The residential component consists primarily of one- and two-bedroom apartments. The retail component is located at ground level, providing direct street-level space for neighborhood-serving users.
The property configuration supports a mixed-use operating model, combining apartment living with two ground-floor retail spaces within a single portfolio.
The residential component consists primarily of one- and two-bedroom apartments. The retail component is located at ground level, providing direct street-level space for neighborhood-serving users.
The property configuration supports a mixed-use operating model, combining apartment living with two ground-floor retail spaces within a single portfolio.
Key Highlights
- 56‑unit mixed‑use portfolio at 1398 & 1402 Clay Avenue
- 54 residential apartments
- Two ground‑floor retail spaces
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,358
Businesses Nearby
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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
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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?
Apartment building - Mixed-use portfolio with 54 apartments and two ground-floor retail spaces totaling approximately 38,390 square feet.
Where is this apartment building located?
The property is located at 1398 Clay Ave Bronx, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 56‑unit mixed‑use portfolio at 1398 & 1402 Clay Avenue; 54 residential apartments; Two ground‑floor retail spaces
