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4429 Carpenter Avenue, Bronx, NY 10470
$1,474,000
4429 Carpenter Avenue, Bronx, NY 10470View this property at 4429 Carpenter Avenue, Bronx, NY 10470
4429 Carpenter AvenueBronxNY10470
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Property Description
7-unit multifamily, 5.3% cap rate, fully-occupied and well maintained property located in the Bronx, just two blocks from the 2 / 5 train! This income-generating asset offers a stable and lucrative investment with gross income of $143,000 annually. All units are fully occupied and leased ensuring consistent cash flow with the potential for rent increases. **Unit Mix and Rents:** - **Apt. 1:** $1,546.64 - 1 bedroom - **Apt. 2:** $1,577.93 - 1 bedroom - **Apt. 3:** $1,721.74 - 2 bedroom - **Apt. 4:** $1,962.40 - 1 bedroom - **Apt. 5:** $1,968.71 - 2 bedroom - **Apt. 6:** $1,600.00 - 1 bedroom - **Apt. 7:** $1,548.75 - 1 bedroom Key property features include: - **Recent Improvements:** Recently painted hallways, a repointed brick facade, a roof under 10 years old, a newly installed front walkway, and plans for a new intercom system installation. - **Expenses:** Annual expenses total $62,402.46, broken down as electricity ($960), water ($8,000), heating oil ($26,021.90), and property taxes ($27,420.56). - **Stable Tenancy:** With all units currently occupied the property is already income producing. Ideal for anyone seeking a robust investment in a thriving community. Property sold as-is.
Full Property Details
Full Property Details for 4429 Carpenter Ave
General
- Price: $1,474,000
- Taxes: $27,420
- Status: Active
- Type: Multi-Family
- MLS ID: H6301563
- Updated: 5/13/2024
- Added to Site: 33 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Bronx
School Information
- Elem School District: City of New York
- Midd School District: City of New York
- High School District: City of New York
- Elementary School: Call Listing Agent
- Middle School: Call Listing Agent
- High School: Call Listing Agent
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Oil, Hot Water
- Water Heater: Fuel Oil Stand Alone
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Detached/Attached: Attached
- Common Walls: 2+ Common Walls
- Square Feet: 5,375
- Sq. Ft. Source: Other
- Year Built: 1927
Financial Considerations
- Tax Amount: $27,420
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
- Property ID: 05066-0056
Listed by eXp Realty
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Schools
Schools serving 4429 Carpenter Ave
School District:New York City Geographic District #11
Rating | Name | Grades | Distance |
---|---|---|---|
3710 Barnes Ave, Bronx, NY 10467 | 6-8 | 1.4 mi | |
The Young Scholars Academy Of The Bronx
3710 Barnes Ave, Bronx, NY 10467 | 6-8 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4429 Carpenter Ave
Date
Details
Price
Change
Source
5/13/2024
Price Reduced
$1,474,000
-2.71%
MLS
4/18/2024
Listed
$1,515,000
102%
MLS
9/24/2008
Sold
$750,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4429 Carpenter Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$27,946
100%
$223,531
-25%
2022
100%
$298,350
-15%
2021
-100%
$351,000
-8%
2020
$23,909
2%
$379,800
—
2019
$23,414
16%
$379,800
121%
2017
$20,255
—
$171,947
8%
2017
$20,255
7%
$159,250
8%
2016
$19,010
—
$147,455
—
2015
$18,996
9%
$147,452
3%
2014
$17,386
6%
$142,808
8%
2013
$16,455
—
$132,267
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4429 Carpenter Ave
4429 Carpenter Avenue, Bronx, NY 10470 (MLS# H6301563) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 4429 Carpenter Avenue is currently listed for $1,474,000 and was received on April 18, 2024. Want to learn more about 4429 Carpenter Avenue? Do you have questions about finding other Multi-Family real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.