5-Family Apartment
New
For Sale
$1,800,000
4790 Barnes Avenue, Bronx, NY 10470
Business Opportunity, Bronx, NY
Property Size4,356 SF
Lot Size0.10 Acres
Price / SF$413.22
Days on Market1
Property Features for 4790 Barnes Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
East Bronx
Standard status
Active
Lot size
0.10 Acres
Listing Agency:
Landair Property Advisors, LLC
(646) 559-4700
Listed By:
Alexandre Goulet
(212) 920-7658
Added: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# 12016172
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-family multifamily building contains 4,356 square feet and is fully occupied. Its unit mix consists of four two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. The property is zoned R4 and identified as a Qualifying Residential Site, with approximately 4,350 square feet of unused air rights. The stated development option is an alteration that would add six residential units.
The property is 840 feet from the Wakefield-241st Street station on the 2 train. The Wakefield Metro-North station on the Harlem Line, local and Westchester bus routes, the Bronx River Parkway, and I-95 are also identified in the surrounding area. White Plains Road’s retail corridor serves the neighborhood, and the Mount Vernon/Westchester border is nearby.
The property is 840 feet from the Wakefield-241st Street station on the 2 train. The Wakefield Metro-North station on the Harlem Line, local and Westchester bus routes, the Bronx River Parkway, and I-95 are also identified in the surrounding area. White Plains Road’s retail corridor serves the neighborhood, and the Mount Vernon/Westchester border is nearby.
Key Highlights
- Five‑family building with 4,356 square feet
- Fully occupied
- Four two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,204
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,004,080
$2.0M
Cap Rate 7%
$1,431,486
$1.4M
Cap Rate 9%
$1,113,378
$1.1M
Market Conditions
NOI Build-Up for 4,356 SF
Gross rent
$193.4K $44.40/SF
− Vacancy
−$11.2K −$2.58/SF
EGI
$182.2K $41.82/SF
− OpEx
−$82.0K −$18.82/SF
NOI
$100.2K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,004,080
Cap Rate 7%
$1,431,486
Cap Rate 9%
$1,113,378
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,204 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.02M
$2.64M – $3.52M
NOI $211,288 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,103
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
Check the figures for this property
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?
Apartment building - The occupied property contains four two-bedroom apartments and one one-bedroom apartment.
Where is this apartment building located?
The property is located at 4790 Barnes Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Five‑family building with 4,356 square feet; Fully occupied; Four two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit
