3961 Carpenter Ave The, Bronx, NY 10466
Modern six-story elevator building with 57 units, built in 2012, positioned in the Wakefield section of the Bronx.
- Added:
- Jun 23, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 24 at 1:57 am
Property Features for 3961 Carpenter Ave The
General Information
- Standard status
- Active
- Size
- 40,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2012
Listing office Link NY Realty (646) 321-9428
Listing date Jun 23, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Link NY Realty
HighLights
- Built in 2012, six‑story elevator multifamily building with 57 residential units
- Over 40,000 rentable SF
- Generates approximately $95,840 in monthly gross rental income (over $1.15M annually)
- Public remarks cite a cap rate of over 11%
- BikeScore 27 and walkScore 77 (very walkable), transitScore 54 (good transit)
Overview
Located in the Wakefield section of the Bronx, the property is positioned for strong everyday accessibility. Public transportation and good transit access are noted, and the surrounding area includes connections to major highways as well as shopping, dining, schools, and other conveniences. Reported walkability is very walkable, with bikeability characterized as somewhat bikeable.
This is an income-producing multifamily asset offered for sale, with the current gross rental income stated at approximately $95,840 per month (more than $1.15 million annually). The remarks also cite a cap rate of over 11%, and the property is presented as having a track record of generating gross income with the benefit of modern building characteristics. For buyers seeking a newer, elevator-served multifamily building with established revenue generation, 3961 Carpenter Ave is positioned as a fit within a high-demand Bronx 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
