Contacts
Roberto Guilbet
Inwood Property Group
Sales & Leasing Director
(718) 208-6746
Property Details
- Property Type Multi-Family
- Property Size 50,830 SF
- Lot Size 0.31 Acre
- Cap Rate % 5.35
- Rental Income / YR 999549
- NOI / YR 415196
- Taxes / YR 136124
- Year Built 1927
- Date Updated Apr 9, 2024
- Website www.resaas.com
๐ข DESCRIPTION:
This investment offers a well-maintained 5-story walk-up building, featuring an original lobby, marble stairwell, and updated systems, including a 5,000-gallon dual-fuel capable boiler, and a 9-camera surveillance system. Recent unit renovations, Silver-coat rubber roof. Ideally situated within walking distance to shopping, restaurants, trains, buses, and major highways."
๐OVERVIEW: 4116-4118 Carpenter Avenue contains 63 residential apartments (Including the superintendent assigned Unit). The building features 36 one-bedroom units, 15 two-bedroom units, and 2 three-bedroom units. Block & Lot: 04832-70, Lot Size: 13,285 sf, Bldg Size: 50,830 sf, Zoning: R6-A, FAR as built: 3.00, and Year Built: 1927.
๐ LOCATION: Wakefield neighborhood of The Bronx, precisely on the 230th corner of Carpenter Avenue, this property enjoys a central location that defines convenience and quick access to daily activities.
๐ RESIDENTIAL UNITS: Recently renovated units, Wood floors, Lead testing, and Building Mechanicals have been well maintained by management, ensuring a comfortable and smooth tenant experience and transfer of ownership.
๐ TRANSPORTATION: Excellent access to public transportation, with nearby subway stations including the #2 Train and #5 Train. Additionally, Bronx River Parkway Bus stops BX31, BX39, and Bxm11 make commuting a breeze, enhancing convenience for residents and adding value to the property.
๐ SHOPPING AND RESTAURANTS: Vibrant commercial artery along White Plains Road on 233rd Street, where access to a variety of shopping options and a diverse culinary tapestry awaits. Residents can indulge in various cuisines and shopping experiences, adding to the allure of the neighborhood.
๐จ๐จ๐ง๐ง DEMOGRAPHICS: This vibrant community with diverse demographics, fosters a rich tapestry of cultures and backgrounds. The vibrant mix of residents contributes to a dynamic and welcoming atmosphere.
๐ก๐ IN SUMMARY: 4116-4118 Carpenter Avenue represents a prime investment opportunity with its central location, renovated residential units, and excellent transportation accessibility. Whether you're looking for a residence or considering an investment, this property stands as a solid real estate asset in The Wakefield neighborhood, promising a harmonious blend of comfort and convenience for residents as well as new ownership.
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Highlights
- Well maintained, Bronx 63 Unit apartment building / First sale in 38 years
- Well kept original lobbies and stairwells
- Enclosed & Above Ground 5,000 Gallon Oil Tank (#4 Oil)
- Safe & Quiet neighborhood. Steps from Montefiore Hospital
- Close proximity to MTA train station at East 233rd Street, Metro North Station, and plenty of local bus services.
- Many apartments renovated with sheetrock and circuit breakers over the years.
Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Bronx, NY
- Neighborhood Wakefield
- Zip Code 10466
Points of Interest
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233rd Street
0.22 miles
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Woodlawn
0.27 miles
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225th Street
0.28 miles
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219th Street
0.57 miles
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Nereid Avenue
0.58 miles
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Wakefieldโ241st Street
0.95 miles
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Woodlawn
0.96 miles
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Gun Hill Road
1.02 miles
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Wakefield
1.03 miles
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Williams Bridge
1.04 miles
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Mobil
0.29 miles
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Speedway
0.55 miles
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BP
0.84 miles
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Sunoco
0.87 miles
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76
0.93 miles
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Gulf
1.08 miles
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171
1.13 miles
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Citgo
1.55 miles
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Conoco
2.04 miles
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Mobil
2.08 miles
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Broadway Parking Garage
2.01 miles
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Parking Area A
2.43 miles
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Fordham Regional Parking Facility
2.50 miles
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Bronx River Parking
2.76 miles
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Kober Parking
2.83 miles
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Southern Boulevard Parking
3.08 miles
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Westlands Parking
3.14 miles
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Asia Parking
3.23 miles
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North Parking
3.34 miles
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Saint Joseph's Parking Lot
3.52 miles
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El Rancho Motel
0.72 miles
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Metro Motel
0.99 miles
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Crown Motor Inn
1.33 miles
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Rodeway Inn
1.74 miles
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Ramada
1.77 miles
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Hyatt Place
2.48 miles
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Pelham Garden Motel
2.64 miles
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Bronx Park Motel
2.67 miles
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Yonkers Gateway Motel
2.90 miles
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Residence Inn The Bronx
3.06 miles
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Key Foods
0.19 miles
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Foodverse Market
0.36 miles
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Food Town
0.42 miles
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C-Town
0.50 miles
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Food Town
0.67 miles
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The Butcher's Fancy
0.81 miles
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Fair Fare
0.94 miles
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Fine Fare
0.97 miles
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Fine Fare
1.02 miles
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Palm Tree Marketplace
1.31 miles
In-Depth Research Available for this Property
Access more in-depth information about this property โ including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more โ on CommercialEdge.
Contact Listing Broker
Roberto Guilbet
Inwood Property Group
Sales & Leasing Director
(718) 208-6746