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Six-Story Elevator Apartment Building
For Sale
$10,260,000

3961 Carpenter Avenue, Bronx, NY 10466

Commercial Sale, Bronx, NY

Property SizeContact for details
Lot Size0.26 Acres
Days on Market76

Property Features for 3961 Carpenter Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning R7-1
Rooms Basement
Basement Finished
Elementary school district Bronx 11
Middle school district Bronx 11
High school district Bronx 11
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 Electric (Heating), Baseboard
Cooling system Central Air, Wall/Window Unit(s), Window Unit(s), Varies by Unit
Water source Public

Building Details

Year built 2012
Number of units 57
Building materials Brick
Listing Agency: Link NY Realty
Listed By: Valon Nikci · License #10491202180
Added: Jun 18 Changed: Aug 20 Last Checked: Sep 1 at 1:06PM
MLS# 1015518

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 Wakefield section of the Bronx, this six-story multifamily property was completed in 2012. The brick building contains 57 residential units and more than 40,000 square feet of rentable space, with elevator service and layouts supported by contemporary building systems. Heating includes electric baseboard service, while cooling varies by unit and includes central air and wall or window units.

The property occupies a 0.2572-acre lot and is served by public water and public sewer. R7-1 zoning applies. The surrounding area provides access to public transportation, major highways, shopping, dining, schools, and daily conveniences. The property has a reported cap rate of over 11%.

Key Highlights

  • 57 residential units in a six‑story elevator building
  • More than 40,000 square feet of rentable space
  • Built in 2012 with brick construction

Property Analytics

Current Use

Interior. millwork & Door ... Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Parking Lot & Garage Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

57
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,581
Businesses Nearby

Demographics for 10466, NY

70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 2012, the property offers elevator service, brick construction, and central air conditioning.
Where is this apartment building located?
The property is located at 3961 Carpenter Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $10,260,000.
What are key features of this property?
This property features: 57 residential units in a six‑story elevator building; More than 40,000 square feet of rentable space; Built in 2012 with brick construction
More about this property
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