8 months on rocket

1040 Clay Ave, Bronx, NY, 10456

$875,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
6 Full Baths
3,733 SqFt
$234/SqFt
Multi
Schools Nearby

Location

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1040 Clay Ave, Bronx$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway, Off Street
Year Built1899
HeatingOil, Baseboard
CoolingNone
BasementYes
MLS #H6265816
Lot Size0.05 Acres
StatusActive
(A)

About 1040 Clay Ave

Investment opportunity is knocking!! Grab it today. 6 unit brownstone in a Fleetwood neighborhood in Grand concourse historic neighborhood of the Bronx! Own a piece of history today. Each apartment is good condition with one full bathroom. Because Zoning is R7 , there's an opportunity to build up many more stories on top of the existing property. Property taxes is $9954( Annually) , Water is $7000( Annually Approx.), heating is $8000 ( Annually Approx.) , Maintenance is $3000( Annually ) , while insurance is $4000( annually). Total expenses is $24954 ( annually ) while total annual income $94692( Annually) , NOI is $69,738( With an opportunity to increase) , and a cap rate of 7.3%. Check it out!!!

Property Details

Property Features

Property Information:

  • Year Built: 1899
  • Living Area: 3,733 SqFt

Listing Office:

  • Office Name: Charles Rutenberg Realty, Inc.
  • Office Phone: (718) 994-4002

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot: Corner Lot, Easement, Historic, Near Public Transit
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Oil, Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: navigation/GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $234/SqFt

Tax Information:

  • Annual Amount: $10,174
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bronx, NY.

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Bronx, NY

City

Med. List Price

$572.4K

Med. Price/SqFt

$341

Avg. Days On Market

171

# of Sold Homes

125

1040 Clay Ave vs Bronx

248 DAYS ON ROCKET

+77 Days

$875,000

+$302.5K More

$234/SqFt

-$107 Less

KEY TAKEAWAY

This property is $302.5K more than the Median List Price and $107/SqFt less than other homes in Bronx, NY.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6265816

Listing Office:

  • Office Name: Charles Rutenberg Realty, Inc.
  • Office Phone: (718) 994-4002

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/27/2024, 11:56:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 20, 2007Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,174$324,450
2018$8,619$73,171
2017$8,089$67,765

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1959693
5
/10

  • Grant Avenue Elementary School

  • 250 E 164th St

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-1959694
2
/10

  • PS 35 Franz Siegel

  • 261 E 163rd St

  • 0.29 miles

  • Public District Grades KG-5

school-card-donut-1959695
6
/10

  • PS 53 Basheer Quisim

  • 360 E 168th St

  • 0.32 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,919. Typical income of Bronx, NY residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Bronx County›Bronx›10456›1040 Clay Ave

This home is located at 1040 Clay Ave in Bronx, NY and zip code 10456 in the Southwest Bronx neighborhood. This 3,733 square foot home, which was built in 1899, sits on a 0.05 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since August 23, 2023 and is currently priced at $875,000.

In March 2024 in Bronx, NY there were 5.3% more homes for sale than in February 2024. In March 2024 median list price was $572,405 and the average listing age was 171 days.

From Rocket Homes Real Estate and based on county public records data.

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