Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Clay Ave The Bronx, NY 10456
    Back to Search
    Property profile & analytics

    The Clay Ave The Bronx, NY 10456

    View on Map
    • Mixed-use properties
    • 118,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9095
    Latitude
    40.8343

    Comparable in this City

    • Value Estimation by Request

      500 167Th St

      Multifamily properties
      500 167Th St, The Bronx, NY 10456
      View Details
    • Value Estimation
      $10,030,000
      53,000 SF

      1210 Sherman Ave

      STORES & APARTMENTS • 53,000 SF
      1210 Sherman Ave, Bronx, NY 10456-3003
      View Details
    • Value Estimation
      $11,390,000
      93,430 SF

      1008 Washington Ave

      STORES & APARTMENTS • 93,430 SF
      1008 Washington Ave, Bronx, NY 10456-6621
      View Details
    • Value Estimation
      $3,150,000
      16,500 SF

      1417 Webster Ave

      STORE/OFFICE (MIXED USE) • 16,500 SF
      1417 Webster Ave, Bronx, NY 10456-1831
      View Details
    • Value Estimation
      $27,110,000
      181,500 SF

      3250 3rd Ave

      STORES & APARTMENTS • 181,500 SF
      3250 3rd Ave, Bronx, NY 10456-6743
      View Details
    • Value Estimation
      $690,000
      4,050 SF

      309 170th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,050 SF
      309 170th St, Bronx, NY 10456-1172
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bronx Multifamily and Retail Investment

      Three-building package with 139 apartments and two stores for sale.
      The Clay Ave, Bronx, NY 10456
      View Details
    • $1,290,000

      Mixed-Use Building with Retail Space

      Renovated mixed-use building featuring apartments and retail space.
      576 E 169Th St, Bronx, NY 10456
      View Details
    • New
      $650,000
      0.04 Acres

      Mixed-Use Property in Bronx, NY

      Mixed-use property package deal in the Bronx for sale.
      277 E 169Th St, Bronx, NY 10456
      View Details
    • $929,000
      3,480 SF

      Bronx Mixed-Use Investment Opportunity

      Three residential units plus a commercial space in high-demand location.
      798 East 161St St, Bronx, NY 10456
      View Details
    • $1,600,000

      Mixed-Use Corner Property in Bronx

      19-unit mixed-use property with residential and commercial units.
      1275 Webster Ave, Bronx, NY 10456
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      720 SF

      Retail Space in The Bronx

      Retail space available for lease in The Bronx, NY.
      1210-1212 Sherman Ave, Bronx, NY 10456
      View Details
    • $45 SF/Yr

      Bronx Storefront Ready for Rent

      Storefront property in the Bronx, close to shops and transportation.
      844 St Ann's, Bronx, NY 10456
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Near 167th Street

      Retail space for rent, close to transportation.
      261-271 E 167Th St, Bronx, NY 10456
      View Details
    • Contact for pricing
      5,383 SF

      Ground Floor Office Space Available

      Office space for lease in a building with residential units.
      800 St Ave Ann's, Bronx, NY 10456
      View Details
    • Contact for pricing

      Bronx Office Space Available

      Office space for rent in the Morrisania neighborhood.
      1010 Washington Ave, Bronx, NY 10456
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    The Clay Ave
    The Bronx, NY 10456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    The Clay Ave, The Bronx, NY, 10456
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!