1398 & 1402 Clay Avenue — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Bronx, NY 10456

Photos

1398 & 1402 Clay Avenue — Sale in Bronx, NY, photo 1 of 3
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Investment Figures

Cap rate
11.10%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

MArcus & Millichap is pleased to offer 1398 & 1402 Clay Avenue an opportunity to acquire a 56-unit mixed-use portfolio in the heart of the Claremont section of the Bronx. 1398 & 1402 Clay Avenue is comprised of 54 residential apartments and two ground-floor retail spaces totaling approximately 38,390 square feet. The residential component consists primarily of one- and two-bedroom apartments with consistent occupancy and reliable collections. Investment Highlights: • 1398 & 1402 Clay Avenue, built in 1914, is a 56-unit mixed-use portfolio on spanning approximately 38,390 square feet. • Tax Class: 2 | Zoning: R7-1 | 95% Rent Stabilized • Ideally situated adjacent to Claremont Park and just moments from the 170th Street B and D subway station with excellent accessibility to Midtown Manhattan.

Market Context

This mixed use in Bronx, NY is listed for sale. It is offered at an approximate 11.1% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Bronx, NY — view the full market.

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