For Sale
$850,000

4139 Bronxwood AveThe Bronx, NY 10466

Three-unit building, high rental upside.

Overview

Added:
Dec 11, 2024
Days on market:
116
This two-story, 2,936 square foot apartment building in The Bronx, NY, presents a compelling investment opportunity. Built in 1930, the property is classified as a Class B multifamily building and features three units: a four-bedroom apartment occupying the entire top floor (with two entrances and potential for conversion into two units), a one-bedroom apartment, and a retail store. The building sits on 4139 Bronxwood Ave, Bronx, NY 10466, within the R5D zoning district. Currently boasting 100% occupancy and low rents, this property offers significant potential for rental income growth. The current Net Operating Income (NOI) is $46,376, resulting in a 5.50% capitalization rate. The asking price is $850,000, translating to approximately $283,333.33 per unit. Annual property taxes are $3,808. This free-market building presents a strong value proposition for investors seeking a multifamily property with substantial upside potential in a rapidly developing area. The property's solid occupancy rate and low operating expenses make it an attractive addition to any portfolio. Serious inquiries are encouraged.

Highlights

  • $850,000 asking price for this three-unit apartment building.
  • Multifamily, Class B property with 2,936 square feet.
  • 5.50% cap rate and a Net Operating Income (NOI) of $46,376.
  • Three units: one four-bedroom, one one-bedroom, and one commercial store.
  • Built in 1930, two stories, located at 4139 Bronxwood Ave, The Bronx, NY 10466, zoned R5D.

Property Details for 4139 Bronxwood Ave

Property type
Apartment buildings
Square Feet
2,936 SF
Class
B
Year Built
1930
Stories
2
Units
3

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8900118
Longitude
-73.8527724
4139 Bronxwood Ave, The Bronx, New York

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4139 Bronxwood Ave
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