4121 Grace Avenue Bronx, NY 10466
MULTI_FAMILY - Ranch - Bronx, NY
- Added:
- Mar 18, 2026
- Days on Market:
- 117
- Last Refresh:
- Jul 12 at 6:06 am
Property Features for 4121 Grace Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bathroom 2
- Parking
- 2
- Parking features
- Garage, Driveway
- Interior features
- Granite Counters
- Basement
- Walk-Out Access, Full, Finished
- Standard status
- Active
- APN
- 05014-0041
- 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
- Wall/Window Unit(s), 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
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 in Wakefield in the Bronx, the home is about half a mile from the Nereid Avenue subway station, which provides access to the 2 and 5 trains. The surrounding area offers neighborhood amenities including local shops, restaurants, parks, and schools.
This property is a practical fit for owner-occupants who want flexibility between living and rental use, or for investors seeking an addition featuring a two-family setup. Because the units are arranged for independent day-to-day use, the property can also suit multi-generational households that prefer separate quarters while remaining under one roof.
Key Highlights
- Two‑family brick ranch built in 1940 with 1,417 SF of living space
- 2,375 SF lot with manageable outdoor space
- Interior features include granite counters
Local Financial Insights For Multifamily LT 5
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 | $54.4k | $38.40 |
| − Vacancy | −$3.0k | −$2.11 |
| EGI | $51.4k | $36.29 |
| − OpEx | −$15.4k | −$10.89 |
| NOI | $36.0k | $25.40 |
