3961 Carpenter Avenue,Bronx, NY 10466
Bronx, NY 10466
Description
CAP RATE OF OVER 11% Exceptional multifamily investment opportunity in the highly sought-after Wakefield section of the Bronx.Built in 2012, 3961 Carpenter Avenue is a six-story elevator building comprising 57 residential units and over40,000 square feet of rentable space, offering investors a rare combination of scale, stability, and long-termgrowth potential. The property currently generates approximately $95,840 in monthly gross rental income, equating to morethan $1.15 million annually. With a strong operating history and high tenant demand, this asset providesimmediate cash flow and the opportunity for continued appreciation in one of New York City's strongestrental markets. Unlike many older multifamily buildings, 3961 Carpenter Avenue benefits from modern construction,contemporary building systems, and efficient layouts designed to enhance tenant satisfaction while reducingcapital expenditure concerns. The property's attractive design, elevator service, and institutional-qualitypresence make it a standout asset in the marketplace. Ideally located near public transportation, major highways, shopping, dining, schools, and everydayconveniences, the building enjoys excellent accessibility and a deep tenant pool. Its prime location and strongfundamentals support consistent occupancy and long-term investment performance. Rarely does a multifamily asset of this size and quality become available. Whether you're seeking stable cashflow, portfolio expansion, or a well-positioned long-term hold, 3961 Carpenter Avenue offers an outstandingopportunity to acquire a modern, income-producing asset generating over $1.15 million in annual grossincome in the heart of New York City.
Details
| MLS # | 1015518 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2012 |
| Days On Site | 84 |
| Listing Provided By | Link NY Realty | Valon Nikci |
Features
| SQ Feet | 40,660 |
|---|---|
| Basement | Y |
| Units | 57 |
| Zoning | R7-1 |
| Acreage | 0.26 |
Interior
| Cooling | Central Air, Varies by Unit, Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Other |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, See Remarks, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 2088450 |
| Tax Annual Amount | 21002.64 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10466 |
| Listing VS Median (in 10466) | |
Price: $10,260,000 low | high Med: $699,999 sqft: 40,660 low | high Med: 1,560 $ / sqft: $252 low | high Med: $466 On site: 84 low | high Med: 86 | |
Market Activity 10466
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10466 |
| Listing VS Median (in 10466) | |
Price: $10,260,000 low | high Med: $699,999 sqft: 40,660 low | high Med: 1,560 $ / sqft: $252 low | high Med: $466 On site: 84 low | high Med: 86 | |