4139 Bronxwood Ave The, Bronx, NY 10466

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.