4139 Bronxwood Ave The Bronx, NY 10466
- Investment properties
- 2,936 SF
- 0.04 lot acres
Current Use by Public Records
- Dominican Divas Beauty Salon / Beauty Salon
Property Details for 4139 Bronxwood Ave
- Year built
- 1930
- Lot size
- 0.04 lot acres
- Property size
- 2,936 SF
- Zone code
- R5D
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04855-0004
- APU
- 48550004
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8528
- Latitude
- 40.89
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
