Three-Unit Multifamily
For Sale
$1,050,000
Pending
1320 Clay Ave The, Bronx, NY 10456
Semi-detached residential income property with two leased apartments, one vacant unit, and a finished basement with outside access.
Property Size2,304 SF
Days on Market81
Property Features for 1320 Clay Ave The
General Information
Standard status
Pending
Size
2,304 SF
Property subtype
Investment
Zoning
R7-1
Units
Unit Mix
1 x 2BR, 2 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,677
Amenities
finished basement
Building Details
Building Size
2,304 SF
Year Built
1901
Units
3
Listing Agency:
Laffey International Realt Estate
Listed By:
Boris Isakharov
(646) 474-6489
Source:
Elliman
Added: Aug 13
Changed: Oct 31
Last Checked: Nov 1 at 7:51AM
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 Laffey International Realt Estate
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Investment Insights
Based on property information with market context.
This semi-detached triplex contains three apartments with a combined 8 bedrooms. The first-floor residence has 2 bedrooms and is leased, while the second-floor residence has 3 bedrooms and is also leased. The third-floor apartment includes 3 bedrooms and is vacant. A full finished basement with outside access adds functional space to the property.
The property is located at 1320 Clay Ave in The Bronx, NY 10456, and carries R7-1 zoning. Nearby shopping, dining, transportation, and neighborhood amenities are noted in the property information. WalkScore is 97, TransitScore is 100, and BikeScore is 79.
The property is located at 1320 Clay Ave in The Bronx, NY 10456, and carries R7-1 zoning. Nearby shopping, dining, transportation, and neighborhood amenities are noted in the property information. WalkScore is 97, TransitScore is 100, and BikeScore is 79.
Key Highlights
- Three‑apartment semi‑detached multifamily property
- Combined 8 bedrooms across the three apartments
- First‑floor 2‑bedroom apartment is leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,764
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,280
$1.2M
Cap Rate 7%
$853,771
$853.8K
Cap Rate 9%
$664,044
$664.0K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$88.5K $38.40/SF
− Vacancy
−$3.1K −$1.34/SF
EGI
$85.4K $37.06/SF
− OpEx
−$25.6K −$11.12/SF
NOI
$59.8K $25.94/SF
Area
ZIP 10456
Vacancy
3.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,280
Cap Rate 7%
$853,771
Cap Rate 9%
$664,044
Alternative Uses
Best Use
Multifamily LT 5
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,617 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,131
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
Frequently Asked Questions
What type of property is this?
Triplex - Semi-detached residential income property with two leased apartments, one vacant unit, and a finished basement with outside access.
Where is this triplex located?
The property is located at 1320 Clay Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three‑apartment semi‑detached multifamily property; Combined 8 bedrooms across the three apartments; First‑floor 2‑bedroom apartment is leased
