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    4139 Bronxwood Ave The Bronx, NY 10466

    Sponsored
    For Sale
    $850,000

    Three-unit building, high rental upside.

    Property size:
    2,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This two-story, 2,936 square foot apartment building in The Bronx, NY, presents a compelling investment opportunity. Built in 1930, the property is classified as a Class B multifamily building and features three units: a four-bedroom apartment occupying the entire top floor (with two entrances and potential for conversion into two units), a one-bedroom apartment, and a retail store. The building sits on 4139 Bronxwood Ave, Bronx, NY 10466, within the R5D zoning district. Currently boasting 100% occupancy and low rents, this property offers significant potential for rental income growth. The current Net Operating Income (NOI) is $46,376, resulting in a 5.50% capitalization rate. The asking price is $850,000, translating to approximately $283,333.33 per unit. Annual property taxes are $3,808. This free-market building presents a strong value proposition for investors seeking a multifamily property with substantial upside potential in a rapidly developing area. The property's solid occupancy rate and low operating expenses make it an attractive addition to any portfolio. Serious inquiries are encouraged.

    Property Features for 4139 Bronxwood Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,936 SF
    Class
    B

    Building Details

    Year Built
    1930
    Stories
    2
    Units
    3

    HighLights

    • $850,000 asking price for this three‑unit apartment building.
    • Multifamily, Class B property with 2,936 square feet.
    • 5.50% cap rate and a Net Operating Income (NOI) of $46,376.
    • Three units: one four‑bedroom, one one‑bedroom, and one commercial store.
    • Built in 1930, two stories, located at 4139 Bronxwood Ave, The Bronx, NY 10466, zoned R5D.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dominican Divas Beauty ... Beauty Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8527724
    Latitude
    40.8900118

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit building, high rental upside.
    Where is this multifamily property located?
    The property is located at 4139 Bronxwood Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for this three-unit apartment building.; Multifamily, Class B property with 2,936 square feet.; 5.50% cap rate and a Net Operating Income (NOI) of $46,376.
    Request Owner's contact information
    4139 Bronxwood Ave The Bronx, NY 10466
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    The Bronx, NY 10466
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4139 Bronxwood Ave The Bronx, NY 10466
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