Buy with Yoreevo
$867,500
List Price: $875,000
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1040 Clay Avenue
House in Concourse •  building info
7bd • 6ba • 3,733ft² $234 per ft²
Buy with Yoreevo

$867,500

List Price

$875,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
241
Last price change
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Estimated payment
$5,808
Taxes
$830
Monthly maintenance
N/A
Description
Investment opportunity is knocking!! Grab it today. 6 unit brownstone in a Fleetwood neighborhood in Grand concourse historic neighborhood of the Bronx! Own a piece of history today. Each apartment is good condition with one full bathroom. Because Zoning is R7 , there's an opportunity to build up many more stories on top of the existing property. Property taxes is $9954( Annually) , Water is $7000( Annually Approx.), heating is $8000 ( Annually Approx.) , Maintenance is $3000( Annually ) , while insurance is $4000( annually). Total expenses is $24954 ( annually ) while total annual income $94692( Annually) , NOI is $69,738( With an opportunity to increase) , and a cap rate of 7.3%. Check it out!!!

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Building Amenities
Parking Available
History
What it'll cost
Purchase price
$875,000
Asking Price: $875,000
Term
30 Years
Down Payment
$87,000 (10%)
Min: 10% (87,000)
Rate
6.5 %
Mortgage Amount
$787,500
Mortgage Payment
$4,978
Taxes
$830
Estimated Yoreevo rebate
$7,500
Estimated closing cost
$25,000
Total monthly cost $5,808
Buy your dream home with us and get an estimated
$7,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Charles Rutenberg Realty Inc.

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