The Clay Ave The Bronx, NY 10456
- Mixed-use properties
- 118,000 SF
Current Use by Public Records
- Mixed-use properties
Property Details for The Clay Ave
- Property size
- 118,000 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9095
- Latitude
- 40.8343
