1348 Clay Avenue
New York, NY 10456

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.1 Acres

Financials

Price:$1,299,000
Annual Taxes:$4,025.84
505 Park Ave, New York, NY 10022
Listing Courtesy of Century 21 Realty Specialists

Development opportunity on Clay Avenue.

Description

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.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Open Floorplan

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.