Bronx Two-Family Brick
4121 Grace Avenue, Bronx, NY 10466
MULTI_FAMILY - Ranch - Bronx, NY
Type:Single Family Residence
Property size:
1,417 SFLot size:
0.05 AcresPrice / SF:
$494/SF- Added:
- Mar 18, 2026
- Days on Market:
- 71
- Last Refresh:
- May 27 at 10:06 pm
Property Features for 4121 Grace Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 3
- Parking
- 2
- Parking features
- Garage, Driveway
- Interior features
- Granite Counters
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- APN
- 05014-0041
- Size
- 1,417 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4911
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Ranch
Listing agent Thomas J. Santore (845) 590-5488
Listing office Coldwell Banker Realty 366 Underhill Ave, White Plains, NY (914) 245-3400
Listing date Mar 18, 2026
MLS# 973104
Listing URL
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.
HighLights
- Income‑producing two‑family home, ideal for offsetting mortgage costs or multi‑generational living.
- Prime location in Wakefield, Bronx, offering a strong community feel and convenient access to amenities.
- Easy commuting to Manhattan and other parts of NYC with close proximity (0.5 miles) to the Nereid Avenue subway station (2 and 5 trains).
- Classic 1940 brick construction, providing durability and timeless appeal.
- Manageable 2,375 sq ft lot, offering outdoor space with low maintenance.
- Opportunity for customization and updates to add value and personalize the living spaces.
Overview
Located in the Wakefield neighborhood of the Bronx, 4121 Grace Avenue is a two-family brick home constructed in 1940. This single-story residence offers 1,417 square feet of living space on a 2,375-square-foot lot. The property is configured as a two-family property, featuring separate living spaces. The home maintains elements of its original charm, while also offering a canvas for updates and customization. The lot is manageable and functional. The home is approximately half a mile from the Nereid Avenue subway station, providing access to the 2 and 5 trains. The surrounding area offers proximity to local shops, restaurants, parks, and schools. The two-family setup creates an income-producing opportunity. It combines the appeal of a well-built 1940 brick home with the versatility of a two-family layout and the convenience of a prime Bronx location.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$399.9K
NOI $35,994 @ 9.00% cap · cautious / downside scenario
Moderate
$514.2K
NOI $35,994 @ 7.00% cap · market / base-case scenario
Aggressive
$719.9K
NOI $35,994 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $38.40 |
| − Vacancy | −$3.0k | −$2.11 |
| EGI | $51.4k | $36.29 |
| − OpEx | −$15.4k | −$10.89 |
| NOI | $36.0k | $25.40 |
1,417 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$514.2K
$449.9K – $599.9K
NOI $35,994 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$465.7K
$407.5K – $543.3K
NOI $32,596 @ 7.0% cap · market cap 4.66%
Theoretical Best
Warehouse
$981.9K
$859.2K – $1.15M
NOI $68,732 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.845922
- Latitude
- 40.893041
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming two-family home in Wakefield neighborhood with income potential.
Where is this duplex located?
The property is located at 4121 Grace Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Income‑producing two‑family home, ideal for offsetting mortgage costs or multi‑generational living.; Prime location in Wakefield, Bronx, offering a strong community feel and convenient access to amenities.; Easy commuting to Manhattan and other parts of NYC with close proximity (0.5 miles) to the Nereid Avenue subway station (2 and 5 trains).
