1818 Clay Avenue, Bronx, New York 10457
Mount Hope Pre-war 25 Units Multifamily Bronx
Map Content
Location Description
Blocks away from the City line
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Property Description
Subject Property is a Six-story Mid-Rise Masonry Elevator Apartment Building with 25 Large Apartments consisting of Six (1) Bedroom, Eighteen (2) Bedroom Residential Apartments, plus One (3) Bedroom Basement Apartment. 95 Rooms Total. Gross total floor area of 19,158 Square foot. Property was Built in 1937 and is Located in the Mount Hope Section of the Bronx.
Property Details
| Price: | 5000000 |
| No. Units: | 25 |
| Building Size: | 4750 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Garden/Low-Rise |
| Property Use Type: | Investment |
| Cap Rate: | % |
| Gross Rent Multiplier: | |
| Occupancy: | 97% |
| No. Stories: | 4 |
| Year Built: | |
| Lot Size: | 4750 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom | 6 | |
| 2 Bedroom | 18 | |
| 3 Bedroom | 1 | |
Financial Summary
| Scheduled Gross Income | $424815 |
| Effective Gross Income | $424815 |
| Operating Expenses | $184483 |
| Net Operating Income | $240332 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |
