3-Unit Triplex with Finished
For Sale
$1,199,000
3969 Carpenter Avenue, Bronx, NY 10466
Three residential levels offer a mix of two- and three-bedroom apartments, plus finished basement space.
Property Size3,471 SF
Price / SF$345.43
Days on Market24
Property Features for 3969 Carpenter Avenue
General Information
Standard status
Active
Size
3,471 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
3
Additional Details
Average Monthly Rent
$2,600
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,516
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
3,471 SF
Year Built
2005
Units
3
Listing Agency:
Realmart Realty LLC
Listed By:
Shuai Zheng
(888) 362-6543
Source:
Croninreale
Added: Oct 1
Changed: Oct 23
Last Checked: Oct 23 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realmart Realty LLC
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Investment Insights
Based on property information with market context.
This legally configured three-family property at 3969 Carpenter Avenue in the Bronx contains 3,471 SF across three residential floors. The apartment layouts include one two-bedroom, two-bathroom unit and two three-bedroom, two-bathroom units. A finished basement provides additional flexible space. The property was built in 2005, and tenants pay their own heat and gas costs.
Across the building, the three apartments contain a total of eight bedrooms and six bathrooms. The combination of varied apartment sizes and finished lower-level space defines the property’s residential configuration.
Across the building, the three apartments contain a total of eight bedrooms and six bathrooms. The combination of varied apartment sizes and finished lower-level space defines the property’s residential configuration.
Key Highlights
- Three‑family property with 3,471 SF
- Three units with 8 bedrooms and 6 bathrooms
- Three full residential floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,169
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,380
$1.8M
Cap Rate 7%
$1,259,557
$1.3M
Cap Rate 9%
$979,656
$979.7K
Market Conditions
NOI Build-Up for 3,471 SF
Gross rent
$133.3K $38.40/SF
− Vacancy
−$7.3K −$2.11/SF
EGI
$126.0K $36.29/SF
− OpEx
−$37.8K −$10.89/SF
NOI
$88.2K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,380
Cap Rate 7%
$1,259,557
Cap Rate 9%
$979,656
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,169 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$1.14M
$998.1K – $1.33M
NOI $79,846 @ 7.0% cap · market cap 6.66%
Theoretical Best
Warehouse
$2.41M
$2.10M – $2.81M
NOI $168,361 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
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Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential levels offer a mix of two- and three-bedroom apartments, plus finished basement space.
Where is this triplex located?
The property is located at 3969 Carpenter Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three‑family property with 3,471 SF; Three units with 8 bedrooms and 6 bathrooms; Three full residential floors
