1818 Clay Ave, Bronx, New York 10457
Mount Hope Double Blessing 46 Unit Multifamily Investment

Property Description

Subject Properties consist of a Five-story Brick Walk-up Apartment Building and a Six-story Mid-Rise Masonry Elevator Apartment Building and contains Seven (1) Bedrooms, Thirty-Three (33) 2 Bedrooms and Six (3) Bedroom for a total of 46 Residential Apartments. Gross total floor area of 33,158 Square feet and 43,322 Maximum potential buildable square feet. Properties were Built in 1928 & 1937 and are located in The Mount Hope Section of the Bronx close to Schools, Shopping and Entertainment.

Property Details

No. Units:46
Building Size:0 SF
Property Type:Multi-Family
Property Sub-type:Garden/Low-Rise
Property Use Type:Investment
Cap Rate:3.7%
Gross Rent Multiplier:16
No. Stories:6
Year Built:
Lot Size:0 SF


Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
1 Bedroom/1 Bath7
2 Bedroom/1 Bath33
3Bedroom/1 Bath6

Financial Summary

Scheduled Gross Income$876429
Effective Gross Income$0
Operating Expenses$357134
Net Operating Income$519295

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired