4139 Bronxwood AveThe Bronx, NY 10466

Property Details for 4139 Bronxwood Ave

Year built

1930

Lot size

0.04 AC

Property size (Sq ft)

2,936 SF

Zone code

R5D

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

04855-0004

APU

48550004

Description

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.

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.89

Longitude

-73.8528

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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