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    The Clay Ave The Bronx, NY 10456

    Sponsored
    For Sale
    $18,500,000

    139 Apartments & 2 Stores - High ROI

    Property size:
    118,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for The Clay Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    118,000 SF

    Building Details

    Buildings
    3
    Units
    141

    HighLights

    • 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.
    • Asking price: $18,500,000.
    • Turnkey investment in a rapidly developing area with significant upside potential.
    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.
    (718) 812-6644
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    The Clay Ave The Bronx, NY 10456
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    The Clay Ave The Bronx, NY 10456
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