3961 Carpenter Avenue, Bronx, NY 10466
MULTI_FAMILY - Bronx, NY
- Added:
- Jun 18, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 29 at 5:06 pm
Property Features for 3961 Carpenter Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7-1
- Rooms
- Basement
- Basement
- Finished
- 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
- Wall/Window Unit(s), Central Air, Window Unit(s), Varies by Unit
- Water source
- Public
Building Details
- Year built
- 2012
- Number of units
- 57
- Building materials
- Brick
Listing agent Valon Nikci License #10491202180 (646) 321-9428
Listing office Link NY Realty 141 Parkway Road, Suite 28, Bronxville, NY (646) 827-2256
Listing date Jun 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.
HighLights
- Built in 2012, six‑story brick elevator multifamily with 57 residential units
- Over 40,000 sq ft of rentable space with public water and public sewer
- Generates approximately $95,840 in monthly gross rental income (over $1.15M annually)
- Stated cap rate of over 11%
- Heating: electric with baseboard heating
- Cooling includes central air and wall/window unit(s), varies by unit
Overview
Located at 3961 Carpenter Avenue in the Bronx, the offering is described in the listing remarks as being in the Wakefield section, with access to public transportation, major highways, shopping, dining, and schools. The property is zoned R7-1.
For investors, the seller’s remarks report approximately $95,840 in monthly gross rental income, or more than $1.15 million annually. This profile is intended for buyers seeking a larger, modern multifamily building with an established rental stream within New York City’s rental market.
Local Financial Insights For Apartment 5plus
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 | $1.78M | $44.40 |
| − Vacancy | −$103.0k | −$2.58 |
| EGI | $1.67M | $41.82 |
| − OpEx | −$752.8k | −$18.82 |
| NOI | $920.1k | $23.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.863883
- Latitude
- 40.888346
