3929 Carpenter Avenue 2 MULTIFAMILY ELEVATOR BUILDINGS FOR SALE Wakefield neighborhood, Bronx, NY 4026 Carpenter Avenue
3929 & 4026 CARPENTER AVENUE
Douglas Elliman Commercial has been retained onan exclusive basis to arrange the sale of two multifamily elevator buildings located in the Wakefield neighborhood ofthe borough Bronx.
3929 CarpenterAvenue is comprisedof 37 apartments with a total building area of approximately 30,040 square feet. 4026 Carpenter Avenue includes 31 apartments with a total building area of approximate 26,964 squarefeet.
Long term ownership have taken recent considerable care in capital expense directed toward physical condition upgrades and boiler maintenance. Situated near the local retail center between Van Cortlandt and Pelham Bay Park, MTAtransportation, and highway access
Thesetwo buildings offer a potential high value investment opportunity.
EXCLUSIVEAGENT:
LOUIS PUOPOLO
LicensedAssociateReal Estate Broker
917.374.0099
louis.puopolo@elliman.com
© 2023 Douglas Elliman Commercial, LLC. All rights reserved. The information contained in this documentis proprietary to Douglas Elliman Commercial, LLC and shall be used solely forthe purposes of evaluatingthis proposal. All such documentation and information remains the property of Douglas Elliman Commercial, LLCand shall be keptconfidential. Reproduction of any part of this documentis authorized only to the extentnecessary for its evaluation. Itis notto be shown to any third party withoutthe priorwritten authorization of Douglas Elliman Commercial, LLC. All information contained herein is from sources deemed reliable;however, no representation or warranty is made as to the accuracy thereof.
3929 CARPENTER AVENUE
PROPERTY INFORMATION
ADDRESS: 3929 Carpenter Ave, Bronx, New York
BLOCK AND LOT: Block 4819, Lot 0008
ZONING: R7- 1
LAND AREA (Approx.): 7,501 SQ FT (75’ x 100’)
BUILDING CLASS: Elevator Apartment (D1)
STORIES: Six (6)
UNITS: 37Apartments
FAR: 3.44
BUILDING SF (Approx.): 30,040 SQ FT (No Air Rights)
TAXES (2023 / 2024): $60,931 (Tax Class 2)
YEAR BUILT: 1957
ASKING PRICE: $4,355,000 ($145/SF)
$117,703/Per Unit
3929 CARPENTER AVENUE
RENT ROLL& EXPENSES
DESIGNATED
EXPENSES (ESTIMATED):
All leases are rent stabilized
RENT: UNIT BEDS MONTHLY RENT 1A 1 $976.31 1B 2 $720.00 1C 1 $940.35 1D 1 $857.40 1E 2 $1,055.20 1F 2 $1,297.45 2A 1 $1,089.67 2B 2 $1,464.40 2C 1 $1,007.56 2D 1 $1,061.35 VACANT 2E 2 $1,026.00 2F 2 $1,297.45 3A 1 $862.87 3B 2 $993.83 3C 1 $1,081.74 3D 1 $886.16 3E 2 $619.23 3F 2 $832.55 4A 1 $894.58 4B 2 $1,456.00 VACANT 4C 1 $1,044.37 4D 1 $950.96 4E 2 $983.77 4F 2 $1,593.78 5A 1 $873.07 5B 2 $1,435.68 VACANT 5C 1 $997.34 5D 1 $1,032.66 5E 2 $1,185.05 5F 2 $1,563.93 VACANT 6A 1 $1,099.63 6B 2 $1,410.79 VACANT 6C 1 $837.85 6D 1 $951.27 6E 2 $1,074.42 VACANT 6F 2 $1,074.42 SUPER $0.00 TOTAL CURRENTANNUAL INCOME: $366,323 TOTAL POTENTIAL ANNUALINCOME: $462,349
2023/24 RE Taxes: $60,931 Utilities: (Fuel / Elec / Water): $52,638 Insurance: $33,000 Internet: $2,196 Super: $16,800 Total: $165,565
3929 CARPENTER AVENUE
3929 CARPENTER AVENUE
AREA MAP
4026 CARPENTER AVENUE
PROPERTY INFORMATION
ADDRESS: 4026 Carpenter Ave, Bronx, New York
BLOCK AND LOT: Block 4830, Lot 0028
ZONING: R6A
LAND AREA (Approx.): 5,700 SQ FT (54.17’ x 105’)
BUILDING CLASS: Elevator Apartment without (D1)
STORIES: Six (6)
UNITS: 31Apartments
FAR: 3
BUILDING SF (Approx.): 26,964
TAXES (2023/2024): $58,999 (Tax Class 2)
YEAR BUILT: 1940
ASKING PRICE: $3,350,000 ($124 /SF)
$108,065 Per Unit
4026 CARPENTER AVENUE
RENT ROLL& EXPENSES
TOTAL CURRENTANNUAL INCOME: $295,232
TOTAL POTENTIAL ANNUAL INCOME: $365,164
All leases are rent stabilized
UNIT BEDS MONTHLY RENT 1A 1 $817.28 1B 1 $1,050.00 1C 1 $941.41 1D 2 $938.08 1E 2 $1,483.65 2A 1 $0.00 SUPER 2B 1 $1,412.07 VACANT 2C 1 $864.72 2D 2 $837.17 2E 2 $1,022.66 3A 1 $819.13 3B 1 $1,319.50 3C 1 $960.51 3D 2 $1,084.78 3E 2 $1,215.00 VACANT 4A 1 $994.86 4B 1 $979.99 4C 1 $945.72 4D 2 $1,510.00 4E 2 $1,030.20 5A 1 $1,055.93 5B 1 $748.55 5C 1 $1,061.06 5D 2 $1,096.05 VACANT 5E 2 $1,018.56 6A 1 $923.79 6B 1 $1,036.69 6C 1 $1,224.12 VACANT 6D 2 $880.44 VACANT 6E 2 $1,158.50
Super $0.00
DESIGNATED RENT:
GFL
2023/24 RE Taxes: $58,160 Utilities: (Fuel / Elec / Water): $52,979 Insurance: $33,000 Internet: $2,196 Super: $12,000 Total: $158,335
CURRENT EXPENSES:
4062 CARPENTER AVENUE
4026 CARPENTER AVENUE
AREA MAP
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