Bronx Three-Family
For Sale
$1,050,000
Pending
1350 Clay Ave The, Bronx, NY 10456
Three-family property in the Bronx with income-producing units.
Property Size2,954 SF
Lot Size0.05 Acres
Days on Market218
Property Features for 1350 Clay Ave The
General Information
Standard status
Pending
Size
2,954 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,140
Building Details
Building Size
2,954 SF
Year Built
1920
Units
3
Listing Agency:
Best Group Realty, Inc.
Listed By:
Tania Valdez · License #10401307872
(718) 496-2828
Source:
Elliman
Added: Mar 10
Changed: Oct 13
Last Checked: Oct 12 at 7:38PM
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 Best Group Realty, Inc.
Investment Insights
Based on property information with market context.
This three-family property is located in the Bronx. It features two income-producing units and additional upside potential. Apartment 1, a two-bedroom unit, currently rents for $1,653 per month. Apartment 2, a three-bedroom unit, rents for $2,852 per month. Additionally, the two-car garage rentals generate $450 per month. Apartment 3, a three-bedroom unit, is currently vacant, offering immediate value-add potential through lease-up or owner occupancy. The property is positioned to benefit from strong rental demand in the area, ensuring stable cash flow with room for growth.
Key Highlights
- Income‑producing 3‑family property with existing tenants
- Immediate value‑add potential with vacant 3BR apartment
- Strong rental demand in the Bronx area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,624
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,480
$1.5M
Cap Rate 7%
$1,094,629
$1.1M
Cap Rate 9%
$851,378
$851.4K
Market Conditions
NOI Build-Up for 2,954 SF
Gross rent
$113.4K $38.40/SF
− Vacancy
−$4.0K −$1.34/SF
EGI
$109.5K $37.06/SF
− OpEx
−$32.8K −$11.12/SF
NOI
$76.6K $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%
$1,532,480
Cap Rate 7%
$1,094,629
Cap Rate 9%
$851,378
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$957.8K – $1.28M
NOI $76,624 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$987.0K
$863.6K – $1.15M
NOI $69,090 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,642 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property in the Bronx with income-producing units.
Where is this triplex located?
The property is located at 1350 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: Income‑producing 3‑family property with existing tenants; Immediate value‑add potential with **vacant 3BR apartment**; Strong rental demand in the Bronx area
