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1040 Clay Avenue
House in Concourse •  building info
studio • 2,174ft² $345 per ft²
List Price

$749,999

Listing Agent
Isatou Jabbie  • Keller Williams Realty NYC Grp
Key Details
Listed today
Last price change
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Estimated payment
$5,130/mo
Taxes
$1,083/mo
Maintenance
N/A
Description
Exceptional brownstone six-unit multi-family building offering a rare opportunity for both investors and end users. This well-maintained, rent-stabilized property delivers reliable, long-term income in one of the Bronx's high-demand rental markets. The building consists of five 1-bedroom apartments and one 2-bedroom apartment, all featuring well-proportioned layouts, excellent natural light, and strong tenant appeal. Regulated rents provide consistent cash flow while preserving long-term value. A fully finished basement with a full bathroom adds valuable bonus space suitable for recreation, storage, or other permitted uses, Conveniently located near public transportation, major highways, shopping, schools, and neighborhood amenities, making this a compelling asset for investors seeking stability, durability, and appreciation potential.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$749,000
Asking Price: $749,999
Term
30 Years
Down Payment
$74,000 (10%)
Min: 10% (74,000)
Rate
6.0 %
Mortgage Amount
$674,999
Mortgage Payment
$4,047
Taxes
$1,083
Estimated closing cost
$23,000
Total monthly cost $5,130
Listing Courtesy of Keller Williams Realty NYC Grp

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