3961 Carpenter Avenue, New York, NY, 10466
$10,260,000
activeLot Size
11,202 sqft
Year Built
2012
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
CAP RATE OF OVER 11% Exceptional multifamily investment opportunity in the highly sought-after Wakefield section of the Bronx. Built in 2012, 3961 Carpenter Avenue is a six-story elevator building comprising 57 residential units and over 40,000 square feet of rentable space, offering investors a rare combination of scale, stability, and long-term growth potential. The property currently generates approximately $95,840 in monthly gross rental income, equating to more than $1.15 million annually. With a strong operating history and high tenant demand, this asset provides immediate cash flow and the opportunity for continued appreciation in one of New York City's strongest rental markets. Unlike many older multifamily buildings, 3961 Carpenter Avenue benefits from modern construction, contemporary building systems, and efficient layouts designed to enhance tenant satisfaction while reducing capital expenditure concerns. The property's attractive design, elevator service, and institutional-quality presence make it a standout asset in the marketplace. Ideally located near public transportation, major highways, shopping, dining, schools, and everyday conveniences, the building enjoys excellent accessibility and a deep tenant pool. Its prime location and strong fundamentals support consistent occupancy and long-term investment performance. Rarely does a multifamily asset of this size and quality become available. Whether you're seeking stable cash flow, portfolio expansion, or a well-positioned long-term hold, 3961 Carpenter Avenue offers an outstanding opportunity to acquire a modern, income-producing asset generating over $1.15 million in annual gross income in the heart of New York City.
Listed by Valon Nikci, Link NY Realty
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 22, 2026, 6:59 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.