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 Market96
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
(917) 626-2372
Listed By:
Justin Braithwaite
(917) 626-2372
Source:
Evrealestate
Added: May 26
Changed: Aug 27
Last Checked: Aug 28 at 8:39AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
