4121 Grace Avenue, Bronx, NY 10466
MULTI_FAMILY - Ranch - Bronx, NY
- Added:
- Mar 18, 2026
- Days on Market:
- 104
- Last Refresh:
- Jun 29 at 6:06 pm
Property Features for 4121 Grace Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 1, Bedroom 2
- Parking
- 2
- Parking features
- Driveway, Garage
- Interior features
- Granite Counters
- Basement
- Finished, Full, Walk-Out Access
- Standard status
- Active
- APN
- 05014-0041
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4911
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
Listing agent Thomas J. Santore (845) 590-5488
Listing office Coldwell Banker Realty 366 Underhill Ave, White Plains, NY (914) 245-3400
Listing date Mar 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
- Two‑family brick ranch built in 1940 with 1,417 SF of living space
- Configured with separate living spaces and includes 3 bedrooms and 2 bathrooms listed
- Granite counters in the home
- Heating includes baseboard; cooling includes window and wall/window unit(s)
- Parking includes a garage and driveway
- Public utilities: public water and public sewer; cable available
Overview
Located in Wakefield in the Bronx, the home is about half a mile from the Nereid Avenue subway station, which provides access to the 2 and 5 trains. The surrounding area offers neighborhood amenities including local shops, restaurants, parks, and schools.
This property is a practical fit for owner-occupants who want flexibility between living and rental use, or for investors seeking an addition featuring a two-family setup. Because the units are arranged for independent day-to-day use, the property can also suit multi-generational households that prefer separate quarters while remaining under one roof.
Local Financial Insights For Multifamily LT 5
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 | $54.4k | $38.40 |
| − Vacancy | −$3.0k | −$2.11 |
| EGI | $51.4k | $36.29 |
| − OpEx | −$15.4k | −$10.89 |
| NOI | $36.0k | $25.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.845922
- Latitude
- 40.893041
