Apartment Building with Development
For Sale
$1,800,000
4790 Barnes Avenue, Bronx, NY 10470
The fully occupied property has a varied apartment mix, R4 zoning, and additional development rights.
Property Size4,356 SF
Lot Size0.13 Acres
Price / SF$413.22
Days on Market25
Property Features for 4790 Barnes Avenue
General Information
Standard status
Active
Size
4,356 SF
Lot size
0.13 Acres
Property subtype
Multi-Unit (5+)
Zoning
R4
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Building Details
Buildings
1
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 28 at 2:48PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This 4,356-square-foot apartment building contains five residences: four two-bedroom, one-bath units and one one-bedroom, one-bath unit. The building is fully occupied and sits on a 5,800-square-foot corner parcel measuring 50' x 116'. It is zoned R4 and qualifies as a Qualifying Residential Site (QRS), with approximately 4,350 buildable square feet of unused air rights. The stated development option is an alteration that would add six residential units.
Wakefield-241st Street station on the 2 train is 840 feet away. The property is also near the Wakefield Metro-North station on the Harlem Line, local and Westchester bus routes, the Bronx River Parkway, and I-95. White Plains Road’s retail corridor serves the area, and the Mount Vernon/Westchester border is minutes away.
Wakefield-241st Street station on the 2 train is 840 feet away. The property is also near the Wakefield Metro-North station on the Harlem Line, local and Westchester bus routes, the Bronx River Parkway, and I-95. White Plains Road’s retail corridor serves the area, and the Mount Vernon/Westchester border is minutes away.
Key Highlights
- Five‑family building with four two‑bedroom/one‑bath units and one one‑bedroom/one‑bath unit
- 4,356 sq. ft. building on a 5,800 sq. ft. corner lot measuring 50' x 116'
- Fully occupied
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.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully occupied property has a varied apartment mix, R4 zoning, and additional development rights.
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 four two‑bedroom/one‑bath units and one one‑bedroom/one‑bath unit; 4,356 sq. ft. building on a 5,800 sq. ft. corner lot measuring 50' x 116'; Fully occupied
