1818 Clay Avenue, Bronx, New York 10457
Mount Hope Pre-war 25 Units Multifamily Bronx
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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

DescriptionNo. UnitsAvg. Mo. Rent
1 Bedroom6
2 Bedroom18
3 Bedroom1

Financial Summary

Scheduled Gross Income$424815
Effective Gross Income$424815
Operating Expenses$184483
Net Operating Income$240332

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired