Brick Four-Family Income
For Sale
$1,186,000
4621 Matilda Avenue, Bronx, NY 10470
Brick four-family with two 2-bedroom and two 1-bedroom units, plus a finished basement with side entrance.
Property Size3,040 SF
Days on Market141
Property Features for 4621 Matilda Avenue
General Information
Standard status
Active
Size
3,040 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$16,217
Amenities
Wall/Window Unit(s)
Hot Water, Oil
Finished, Full, Walk-Out Access
Off Street, Shared Driveway
Building Details
Building Size
3,040 SF
Year Built
1929
Tenancy
Multi
Listing Agency:
Braithwaite Realty LLC
Listed By:
Justin Braithwaite
(917) 626-2372
Source:
Evrealestate
Added: May 26
Changed: Sep 28
Last Checked: Oct 12 at 7:34PM
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 Braithwaite Realty LLC
Investment Insights
Based on property information with market context.
This brick four-family offers a straightforward residential income layout with two 2-bedroom apartments and two 1-bedroom apartments. A finished basement adds usable interior space and includes a side entrance for added convenience and access. The property is sold as-is with all tenants currently in occupancy.
The building is supported by shared driveway access and parking located behind the property. While the specific street and block details are not provided here, the listed mobility scores indicate a neighborhood that is very walkable with good transit access.
For buyers looking to acquire a fully occupied, as-is residential income property, the mix of unit sizes provides a clear leasing profile with on-site common-area access and parking behind the building. The side entrance to the finished basement may also support practical day-to-day use within the property’s overall configuration.
The building is supported by shared driveway access and parking located behind the property. While the specific street and block details are not provided here, the listed mobility scores indicate a neighborhood that is very walkable with good transit access.
For buyers looking to acquire a fully occupied, as-is residential income property, the mix of unit sizes provides a clear leasing profile with on-site common-area access and parking behind the building. The side entrance to the finished basement may also support practical day-to-day use within the property’s overall configuration.
Key Highlights
- Brick 4‑family built in 1929, featuring 2 two‑bedroom apartments and 2 one‑bedroom apartments
- Finished basement with a side entrance
- Shared driveway with parking behind the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,221
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,544,420
$1.5M
Cap Rate 7%
$1,103,157
$1.1M
Cap Rate 9%
$858,011
$858.0K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$116.7K $38.40/SF
− Vacancy
−$6.4K −$2.11/SF
EGI
$110.3K $36.29/SF
− OpEx
−$33.1K −$10.89/SF
NOI
$77.2K $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%
$1,544,420
Cap Rate 7%
$1,103,157
Cap Rate 9%
$858,011
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$965.3K – $1.29M
NOI $77,221 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$999.0K
$874.1K – $1.17M
NOI $69,931 @ 7.0% cap · market cap 5.90%
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,455 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick four-family with two 2-bedroom and two 1-bedroom units, plus a finished basement with side entrance.
Where is this quadplex located?
The property is located at 4621 Matilda Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,186,000.
What are key features of this property?
This property features: Brick 4‑family built in 1929, featuring 2 two‑bedroom apartments and 2 one‑bedroom apartments; Finished basement with a side entrance; Shared driveway with parking behind the property
