1040 Clay Avenue, Bronx, NY 10456 - Photo 1

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$975,000

For Sale
Active
Commercial
Updated 7 days ago

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Property Description

Exceptional brownstone six-unit multi-family building offering a rare opportunity for both investors and end users. This well-maintained, rent-stabilized property delivers reliable, long-term income in one of the Bronx's high-demand rental markets. The building consists of five 1-bedroom apartments and one 2-bedroom apartment, all featuring well-proportioned layouts, excellent natural light, and strong tenant appeal. Regulated rents provide consistent cash flow while preserving long-term value. A fully finished basement with a full bathroom adds valuable bonus space suitable for recreation, storage, or other permitted uses, Conveniently located near public transportation, major highways, shopping, schools, and neighborhood amenities, making this a compelling asset for investors seeking stability, durability, and appreciation potential.

Full Property Details

Full Property Details for 1040 Clay Ave

General

Price: $975,000
Taxes: $13,000
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 909602
Updated: 1/8/2026
Added to Site: 130 day(s) ago

Location

County: Bronx County
Driving Directions: CONCOURSE VILLAGE neighborhood: Webster Ave. make a right on E. 166th St. make a left on Clay Ave. ( between E. 166th St. & E. 165th St.)

Heating & Cooling

Cooling Type: Electric
Heating Type: Oil

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: See Remarks

Structural Information

Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: Finished, Storage Space
Building Size: 3733
Square Feet: 3,733
Year Built: 1899

Lot Features

Lot Size (Acres): 0.0499
Lot Size (Sq. Ft.): 2,174

Financial Considerations

Tax Amount: $13,000

Disclosures and Reports

Special Conditions: None
Property ID: 02425-0002

Listed by Keller Williams Realty NYC Grp

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— 1040 Clay Ave —

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Schools

Schools serving 1040 Clay Ave

School District:New York City Geographic School District 09

Name	Grades	Distance
Grant Avenue Elementary School 250 E 164th St, The Bronx, NY 10456	PK-6	0.3 mi
Jhs 22 Jordan L Mott 270 E 167th St, The Bronx, NY 10456	6-8	0.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1040 Clay Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/02/2025

Price Reduced

$975,000

-11.36%

MLS

9/08/2025

Listed

$1,100,000

175%

MLS

3/09/2007

Sold

$400,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1040 Clay Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$13,255

3%

$106,042

3%

2024

$12,841

8%

$102,714

8%

2023

$11,892

100%

$95,122

-75%

2022

100%

$375,300

25%

2021

-100%

$300,150

-7%

2020

$10,174

9%

$324,450

20%

2019

$9,316

8%

$270,540

270%

2017

$8,619

—

$73,171

8%

2017

$8,619

7%

$67,765

8%

2016

$8,089

—

$62,747

—

2015

$8,084

9%

$62,747

3%

2014

$7,399

8%

$60,778

8%

2013

$6,871

—

$56,286

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1040 Clay Avenue, Bronx, NY 10456 (MLS# 909602) is a Commercial property. 1040 Clay Avenue is currently listed for $975,000 and was received on September 08, 2025. Want to learn more about 1040 Clay Avenue? Do you have questions about finding other Commercial real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

1040 Clay Ave Bronx, NY 10456