1961 Wallace Avenue, New York City, NY 10462 - Photo 1

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$899,000 Sale Pending

For Sale
Pending
Multi-Family
4 Total Beds

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Property Description

Introducing the perfect multi-family investment opportunity offering 3,216 sq. ft. of finished space. The finished walkout basement is 1,032 sq. ft. With 4 bedrooms and 3 bathrooms, this residence provides ample room for versatile living! Enjoy the elegance of hardwood floors and recessed lighting throughout. The kitchen features essential appliances, including a dishwasher, gas stove, and refrigerator. Step outside to a charming deck and back yard, ideal for relaxation and entertaining. The finished walkout basement has a guest room/office, recreational room, full bathroom, and summer kitchen making it your ideal entertainment area. The backyard is accessible from the 1st floor unit or the basement. Additional notes: 1 storage shed, efficient baseboard heating, wall units for cooling, and the convenience of a washer and dryer. Street parking is available for added accessibility. There are 3 electric meters, 2 gas meters, 2 boilers, and 2 hot water heaters. Seize the opportunity to own this terrific investment home!

Full Property Details

Full Property Details for 1961 Wallace Ave

General

Price: $899,000
Taxes: $6,120
Status: Pending
Type: Multi-Family
Source: REBNY
MLS ID: RLS20008497
Updated: 12/4/2025
Added to Site: 311 day(s) ago

Interior

Number of Rooms: 9
Interior Features: Granite Counters, Recessed Lighting
Appliances: Cooktop, Dryer, Dishwasher, Gas Cooktop, Refrigerator, Washer
Furnishings: Unfurnished
Flooring: Hardwood

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 4

Other Rooms

Laundry: See Remarks

Exterior

Exterior Features: Private Outdoor Space Over 60 Sqft
Porch/Patio/Deck: Deck

Parking

Parking Features: On Street

Location

County: Bronx
Subdivision: Van Nest

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Wall Furnace

Structural Information

Structure Type: Multi Family
Stories/Levels: 2
Square Feet: 2,112
Living Area: 2,112 Sq. Ft.
Year Built: 1905

Lot Features

Lot Dimensions: 25.000000 x 95.000000

Financial Considerations

Assoc Fee Freq.: Monthly
Tax Amount: $6,120

Disclosures and Reports

Property ID: 04260-0038
Block: 4260
Lot Number: 38

Listing Courtesy of Compass

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Schools

Schools serving 1961 Wallace Ave

School District:New York City Geographic School District 11

Name	Grades	Distance
Ps 105 Senator Abraham Bernstein 725 Brady Ave, The Bronx, NY 10462	K-4	0.2 mi
Pelham Academy Of Academics And Community Engageme 2441 Wallace Ave, The Bronx, NY 10467	6-8	0.9 mi
Bronx Green Middle School 2441 Wallace Ave, The Bronx, NY 10467	6-8	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1961 Wallace Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/11/2025

Listed

$899,000

16245.45%

MLS

8/07/2012

Sold

$5,500

—

Public Record

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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 1961 Wallace Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,491

6%

$32,316

6%

2024

$6,131

—

$30,524

—

2023

$6,131

2%

$30,524

-33%

2022

$6,024

—

$45,660

2%

2021

$6,008

5%

$44,580

10%

2020

$5,700

7%

$40,500

24%

2019

$5,321

6%

$32,640

28%

2017

$5,039

—

$25,437

3%

2017

$5,039

6%

$24,720

4%

2016

$4,755

8%

$23,788

6%

2015

$4,388

16%

$22,442

6%

2014

$3,769

7%

$21,198

—

2013

$3,530

—

$21,198

—

View All

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 1961 Wallace Ave

1961 Wallace Avenue, New York City, NY 10462 (MLS# RLS20008497) is a Multi-Family property with 2 units containing 4 bedrooms and 3 full bathrooms. 1961 Wallace Avenue is currently listed for $899,000 and was received on March 12, 2025. Want to learn more about 1961 Wallace Avenue? Do you have questions about finding other Multi-Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

1961 Wallace Ave New York City, NY 10462