Wakefield Multifamily Investment
4383 Matilda Ave The, Bronx, NY 10466
- Added:
- Apr 24, 2026
- Days on Market:
- 41
- Last Refresh:
- Apr 24 at 3:48 pm
Property Features for 4383 Matilda Ave The
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing agent Yara Annechiarico (914) 372-1404
Listing office At Home with Yara Realty (914) 372-1404
Listing date Apr 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of At Home with Yara Realty
HighLights
- High Net Operating Income (NOI) of $110,592.28 and a Cap Rate of ~7.1% indicate strong cash flow potential.
- Prime location in Wakefield, a strong rental market in the Bronx, near the Nereid Ave / White Plains Rd station (2 & 5 trains) for easy commuting.
- Seven income‑generating units: five 2‑bedroom apartments, one 1‑bedroom apartment, and a bonus 2‑bedroom basement unit.
- Major capital improvements completed (boiler, roof, gas lines, oil tanks) reduce immediate maintenance concerns.
- Gross Rental Income of $169,020 annually provides a substantial income stream.
- High walkScore of 77 indicates the property is 'Very Walkable' and close to local amenities like shops, restaurants, and schools.
Overview
Located in the Wakefield section of the Bronx, this is a 3-story brick multifamily building featuring seven income-generating units. The unit mix includes five 2-bedroom apartments, one 1-bedroom apartment, and an additional 2-bedroom unit in the basement. The property is suitable for investors seeking cash flow, portfolio expansion, or owner-occupants. The gross rental income is $169,020 annually, with total expenses of $58,427.72, resulting in a net operating income (NOI) of $110,592.28 and a cap rate of approximately 7.1%. The gross rent multiplier (GRM) is approximately 9.2. Major capital improvements have been completed, including work on the boiler, roof, gas lines, and oil tanks. The property is located two blocks from the Nereid Ave / White Plains Rd station (2 & 5 trains), offering convenient access throughout NYC. The surrounding area includes local shops, restaurants, schools, and public transportation.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.856712
- Latitude
- 40.898895
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Income-producing 7-unit property near transit in the Bronx.
Where is this apartment building located?
The property is located at 4383 Matilda Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,555,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $110,592.28 and a Cap Rate of ~7.1% indicate strong cash flow potential.; Prime location in Wakefield, a strong rental market in the Bronx, near the Nereid Ave / White Plains Rd station (2 & 5 trains) for easy commuting.; Seven income‑generating units: five 2‑bedroom apartments, one 1‑bedroom apartment, and a bonus 2‑bedroom basement unit.
