Development opportunity on Clay Avenue. This three-story brick three-family sits on a 24.75 x 90 lot in an R7-1 zone, and the existing building has potential to be converted to 10 apartments. The conversion would be interior work, with no addition and no ground-up construction, so the buyer gets a faster, lower-cost route to a 10-unit rental building. The block has seen strong investor and developer activity. Close to the B/D trains at 170th Street, the Bx41 on Webster Avenue, the Grand Concourse and Claremont Park, with steady rental demand in the area. Bring your architect and your vision. Buyer to verify zoning, unit count and all development figures.
Estimated Payment
$ 7,282.74 per month $6,568.45 Principal & Interest $335.42 Property Tax $378.88 Homeowner's InsuranceListing By
Agency Name: Century 21 Realty Specialists
Agency Contact: 631-418-8222
Shown By
Agent Name: Jagjit Singh
Agent Phone: (516) 315-1940
Agency Title: Coldwell Banker American Homes
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1348 Clay Avenue | MLS# 1069889
This multi-family property located at 1348 Clay Avenue , Bronx, NY 10456 is currently listed for sale with an asking price of $1,299,000. Clay Avenue is located within the Bronx 9 school district. Search Bronx real estate on www.jagjithomes.com today.