- For Sale $6,300,000
- Property Type Multi-Family
- Property Size 50,830 SF
- Lot Size 0.31 Acre
- Cap Rate % 5.35
- Rental Income / YR $999,549.00
- NOI / YR $415,196.00
- Taxes / YR $136,124.00
- Year Built 1927
- Date Updated Oct 28, 2025
Description
๐ข DESCRIPTION:
This investment offers a well-maintained 5-story walk-up building, featuring an original lobby, marble stairwell, and updated systems, including a 5,000-gallon dual-fuel capable boiler, and a 9-camera surveillance system. Recent unit renovations, Silver-coat rubber roof. Ideally situated within walking distance to shopping, restaurants, trains, buses, and major highways."
๐OVERVIEW: 4116-4118 Carpenter Avenue contains 63 residential apartments (Including the superintendent assigned Unit). The building features 36 one-bedroom units, 15 two-bedroom units, and 2 three-bedroom units. Block & Lot: 04832-70, Lot Size: 13,285 sf, Bldg Size: 50,830 sf, Zoning: R6-A, FAR as built: 3.00, and Year Built: 1927.
๐ LOCATION: Wakefield neighborhood of The Bronx, precisely on the 230th corner of Carpenter Avenue, this property enjoys a central location that defines convenience and quick access to daily activities.
๐ RESIDENTIAL UNITS: Recently renovated units, Wood floors, Lead testing, and Building Mechanicals have been well maintained by management, ensuring a comfortable and smooth tenant experience and transfer of ownership.
๐ TRANSPORTATION: Excellent access to public transportation, with nearby subway stations including the #2 Train and #5 Train. Additionally, Bronx River Parkway Bus stops BX31, BX39, and Bxm11 make commuting a breeze, enhancing convenience for residents and adding value to the property.
๐ SHOPPING AND RESTAURANTS: Vibrant commercial artery along White Plains Road on 233rd Street, where access to a variety of shopping options and a diverse culinary tapestry awaits. Residents can indulge in various cuisines and shopping experiences, adding to the allure of the neighborhood.
๐จโ๐จโ๐งโ๐ง DEMOGRAPHICS: This vibrant community with diverse demographics, fosters a rich tapestry of cultures and backgrounds. The vibrant mix of residents contributes to a dynamic and welcoming atmosphere.
๐ก๐ IN SUMMARY: 4116-4118 Carpenter Avenue represents a prime investment opportunity with its central location, renovated residential units, and excellent transportation accessibility. Whether you're looking for a residence or considering an investment, this property stands as a solid real estate asset in The Wakefield neighborhood, promising a harmonious blend of comfort and convenience for residents as well as new ownership.
Highlights
- Well maintained, Bronx 63 Unit apartment building / First sale in 38 years
- Well kept original lobbies and stairwells
- Enclosed & Above Ground 5,000 Gallon Oil Tank (#4 Oil)
- Safe & Quiet neighborhood. Steps from Montefiore Hospital
- Close proximity to MTA train station at East 233rd Street, Metro North Station, and plenty of local bus services.
- Many apartments renovated with sheetrock and circuit breakers over the years.
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Contacts
Manhattan Property Group
Sales & Leasing Director
Location
Located at 4116 Carpenter Ave, Bronx, NY 10466, this property is part of the Wakefield neighborhood.
Manhattan Property Group
Sales & Leasing Director