3961 Carpenter Avenue Bronx, NY 10466
MULTI_FAMILY - Bronx, NY
Property Features for 3961 Carpenter Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7-1
- Rooms
- Basement
- Basement
- Finished
- Standard status
- Active
- APN
- 04820-0020
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21003
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s), Varies by Unit, Central Air
- Water source
- Public
Building Details
- Year built
- 2012
- Number of units
- 57
- Building materials
- Brick
Listing agent Valon Nikci License #10491202180 (646) 321-9428
Listing office Link NY Realty 141 Parkway Road, Suite 28, Bronxville, NY (646) 827-2256
Listing date Jun 18, 2026
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3961 Carpenter Avenue in the Bronx, the offering is described in the listing remarks as being in the Wakefield section, with access to public transportation, major highways, shopping, dining, and schools. The property is zoned R7-1.
For investors, the seller’s remarks report approximately $95,840 in monthly gross rental income, or more than $1.15 million annually. This profile is intended for buyers seeking a larger, modern multifamily building with an established rental stream within New York City’s rental market.
Key Highlights
- Built in 2012, brick six‑story elevator building with 57 residential units and 40,000+ sq ft of rentable space
- Generates approximately $95,840 in monthly gross rental income, or more than $1.15M annually
- Stated cap rate of over 11% based on current income as described
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.78M | $44.40 |
| − Vacancy | −$103.0k | −$2.58 |
| EGI | $1.67M | $41.82 |
| − OpEx | −$752.8k | −$18.82 |
| NOI | $920.1k | $23.00 |
