Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4121 Grace Ave Bronx, NY 10466

    View on Map
    Sponsored
    For Sale
    $715,000

    MULTI_FAMILY - Ranch - Bronx, NY

    Type:Single Family Residence
    Property size:
    1,417 SF
    Lot size:
    0.05 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 18 at 12:06 pm

    Property Features for 4121 Grace Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 1, Basement, Bathroom 2, Bedroom 1
    Bedrooms
    3
    Bathrooms
    2
    APN
    05014-0041
    Parking
    2
    Parking features
    Driveway, Garage
    Interior features
    Granite Counters
    Basement
    Full, Finished, Walk-Out Access
    Size
    1,417 SF
    Lot size
    0.05 Acres

    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

    We can help!

    Listing Contact
    Thomas J. Santore
    Thomas J. Santore

    Coldwell Banker Residential Brokerage (914) 997-0097

    Listing agent Thomas J. Santore (845) 590-5488

    Listing date Mar 18, 2026

    MLS# 973104

    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.

    Learn more

    Property Insight Report

    Overview

    Bronx Two-Family Brick Home

    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 and offers a canvas for updates and customization. The lot is manageable and functional, ideal for homeowners who prefer low maintenance outdoor space. Wakefield is known for its strong sense of community and tree-lined streets. 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 access 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.845922
    Latitude
    40.893041

    Nearby Similar for Sale

    • $500,000
      1,092 SF

      Turnkey Deli & Gourmet Market

      Established Bronx deli with licenses and upcoming area improvements.
      6469 Broadway, Bronx, NY 10471
      View Details
    • New
      $998,950
      2,500 SF

      Bronx Two-Family Investment Opportunity

      Income-producing two-family property with land and revenue streams.
      1021 E 213Th St, Bronx, NY 10469
      View Details
    • $400,000

      Bronx Diner For Sale

      Turn-key diner in the Bronx, a community staple.
      2055 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $165,000
      751 SF

      Commercial Co-op in Art Deco Building

      751 sq ft professional space near Bronx Supreme Court.
      860 Grand Concourse, Bronx, NY 10451
      View Details
    • $165,000
      751 SF

      Commercial Co-op in Iconic Building

      751 sq ft professional space near Bronx Supreme Court.
      860 Grand Concourse, Bronx, NY 10451
      View Details
    • $124,900

      Established Pizzeria in Williamsbridge

      Thriving pizzeria for sale in the heart of Williamsbridge.
      1809 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $798,000
      3,102 SF

      Spacious Bronx Duplex with Parking

      Two-family duplex with parking near transportation and amenities.
      1405 Crotona Ave, Bronx, NY 10456
      View Details
    • $2,880,000
      5,000 SF

      Bronx Retail Investment Opportunity

      Freestanding retail property in the Bronx, fully leased.
      1254 Southern Blvd, Bronx, NY 10459
      View Details
    • $769,000
      7,000 SF

      Bronx Multifamily Investment Opportunity

      Multifamily property with income potential in the Bronx.
      4070 Bruner Ave, Bronx, NY 10466
      View Details
    • New
      $950,000
      0.05 Acres

      Waterfront Mediterranean Villa-Style Multi-Family Home

      Luxury two-family home with waterfront views in gated community.
      260 Zerega Ave, Bronx, NY 10473
      View Details
    • New
      $949,000
      3,306 SF

      Bronx Two-Family Investment Property

      Well-maintained, renovated two-family property with high cash flow.
      872 East Ave, Bronx, NY 10455
      View Details
    • $150,000
      2,300 SF

      Turnkey Beauty Supply Store

      Income-producing beauty supply store with updated interior and basement.
      256 E 138Th St, Bronx, NY 10451
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming 1940 two-family home in Wakefield neighborhood.
    Where is this duplex located?
    The property is located at 4121 Grace Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $715,000.
    What are key features of this property?
    This property features: - Income-producing two-family home, perfect for rental income or multi-generational living.; - Conveniently located just half a mile from the Nereid Avenue subway station (2 and 5 trains) for easy commutes to Manhattan.; - Situated in the desirable Wakefield neighborhood, known for its community feel and proximity to amenities.
    (845) 590-5488
    Request Owner's contact information
    4121 Grace Ave Bronx, NY 10466
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4121 Grace Ave
    Bronx, NY 10466
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4121 Grace Ave Bronx, NY 10466
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Thomas J. Santore
    Thomas J. Santore
    (845) 590-5488 (914) 962-1121 (914) 245-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!