The Clay Ave The Bronx, NY 10456
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139 Apartments & 2 Stores - High ROI
Property size:
118,000 SFProperty Features for The Clay Ave
General Information
- Property type
- Mixed-use properties
- Square Feet
- 118,000 SF
Building Details
- Buildings
- 3
- Units
- 141
Listing Agency: Mega Realty Group Listing Agent: Robbie Salameh
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a three-building mixed-use portfolio located in the vibrant Bronx, New York, at 10456 Clay Ave. The property boasts a total of 141 units, comprising 139 residential apartments and two retail spaces, offering a diverse income stream. The combined square footage spans between 118,000 and 119,000 square feet, providing ample space for both residential and commercial tenants. Currently generating a substantial Net Operating Income (NOI) of $1,285,000, this portfolio presents a compelling 6.95% capitalization rate. The asking price for this highly sought-after property is $18,500,000. This is a rare chance to acquire a well-established, multi-building complex in a rapidly developing area of The Bronx, offering significant potential for future appreciation and strong cash flow. The seller is motivated, making this an attractive proposition for discerning investors seeking a stable and profitable investment in New York City real estate. The property's location in Bronx County, NY, provides easy access to major transportation routes and amenities. This is a turnkey investment ready for immediate ownership.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9095048
- Latitude
- 40.8343172
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FAQs
What type of property is this?
Mixed-use property - 139 Apartments & 2 Stores - High ROI
Where is this mixed-use property located?
The property is located at The Clay Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: Three-building mixed-use portfolio in the Bronx, NY, totaling 141 units (139 residential, 2 retail).; Approximately 119,000 square feet.; Strong NOI of $1,285,000, yielding a 6.95% cap rate.
