USANYNew York3961 Carpenter Avenue
Listing image | Image 1

3961 Carpenter Avenue, New York, NY

House

For Sale

Listed price in listed location currency (USD).
$10,260,000

000

MLS® 1015518

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $21,003
Days Active 0
Lot Size 0.2572 Acres
Approx. Age 2012
MLS® Number 1015518

Property Address: 3961 Carpenter Avenue, New York, NY, 10466

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1015518
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2012
BasementFinished
DrivewayOther
Garage Spaces
HeatBaseboard, Electric
A/CCentral Air, Varies by Unit, Wall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$10,260,000List Price
  • Commute

Commute

Starting Address
Destination Address
3961 Carpenter Avenue, New York, NY

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