See all 9 photos
9 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$10,260,000
Est. payment /mo
0.26 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1015518
Rental Info No
Year Built 2012
Annual Tax Amount $21,002
Lot Size 0.257 Acres
Acres 0.2572
Property Sub-Type Multi Family
Source onekey2
Property 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 over
40,000 square feet of rentable space, offering investors a rare combination of scale, stability, and long-term
growth potential.
The property currently generates approximately $95,840 in monthly gross rental income, equating to more
than $1.15 million annually. With a strong operating history and high tenant demand, this asset provides
immediate cash flow and the opportunity for continued appreciation in one of New York City's strongest
rental 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 reducing
capital expenditure concerns. The property's attractive design, elevator service, and institutional-quality
presence make it a standout asset in the marketplace.
Ideally located near public transportation, major highways, shopping, dining, schools, and everyday
conveniences, the building enjoys excellent accessibility and a deep tenant pool. Its prime location and strong
fundamentals 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 cash
flow, portfolio expansion, or a well-positioned long-term hold, 3961 Carpenter Avenue offers an outstanding
opportunity to acquire a modern, income-producing asset generating over $1.15 million in annual gross
income in the heart of New York City.
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 over
40,000 square feet of rentable space, offering investors a rare combination of scale, stability, and long-term
growth potential.
The property currently generates approximately $95,840 in monthly gross rental income, equating to more
than $1.15 million annually. With a strong operating history and high tenant demand, this asset provides
immediate cash flow and the opportunity for continued appreciation in one of New York City's strongest
rental 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 reducing
capital expenditure concerns. The property's attractive design, elevator service, and institutional-quality
presence make it a standout asset in the marketplace.
Ideally located near public transportation, major highways, shopping, dining, schools, and everyday
conveniences, the building enjoys excellent accessibility and a deep tenant pool. Its prime location and strong
fundamentals 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 cash
flow, portfolio expansion, or a well-positioned long-term hold, 3961 Carpenter Avenue offers an outstanding
opportunity to acquire a modern, income-producing asset generating over $1.15 million in annual gross
income in the heart of New York City.
Location
State NY
County Bronx County
Rooms
Basement Finished
Interior
Heating Baseboard, Electric
Cooling Central Air, Varies by Unit, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Other
Utilities Available Cable Connected, Electricity Connected, See Remarks, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Bronx 11
School District Bronx 11
Others
Special Listing Condition None
Read Less Info
Listed by Link NY Realty • Valon Nikci
GET MORE INFORMATION
Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716