4116 Carpenter Ave

4116 Carpenter Ave, Bronx, NY 10466

Property Information

  • 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

๐Ÿข 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."

๐Ÿ“ŠOVERVIEW: 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.

๐ŸŒ† 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.

๐Ÿ›Œ 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.

๐ŸšŒ 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.

๐Ÿ›’ 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.

๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘งโ€๐Ÿ‘ง 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.

๐Ÿก๐ŸŒŸ 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.

Contacts

Location

Located at 4116 Carpenter Ave, Bronx, NY 10466, this property is part of the Wakefield neighborhood.

Contact Listing Broker
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