1818 Clay Ave, Bronx, New York 10457
Mount Hope Double Blessing 46 Unit Multifamily Investment
Map Content
Location Description
Blocks away from the City line
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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
| Price: | 14020000 |
| No. Units: | 46 |
| Building Size: | 0 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Garden/Low-Rise |
| Property Use Type: | Investment |
| Cap Rate: | 3.7% |
| Gross Rent Multiplier: | 16 |
| Occupancy: | 96% |
| No. Stories: | 6 |
| Year Built: | |
| Lot Size: | 0 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom/1 Bath | 7 | |
| 2 Bedroom/1 Bath | 33 | |
| 3Bedroom/1 Bath | 6 | |
Financial Summary
| Scheduled Gross Income | $876429 |
| Effective Gross Income | $0 |
| Operating Expenses | $357134 |
| Net Operating Income | $519295 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |
