Searching ...

3961 Carpenter Ave , Bronx, NY 10466

$10,260,000

40,660
sqft
2012
year built

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.

Highlights

  • Commercial Sale
  • Multi Family
  • Built in 2012
  • 0.2572 Acre Lot
  • 141 days on Market

  • Year Built
    2012
  • Construction Materials
    Brick
  • Parking Features
    Other
  • Cooling
    Central Air, Wall/Window Unit(s), Varies by Unit
  • Heating
    Baseboard, Electric
  • Basement
    Finished

  • Acres
    0.2572
  • Utilities
    Cable Connected, Electricity Connected, Sewer Connected, Water Connected, See Remarks
  • Water
    Public


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 3961 Carpenter Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 3961 Carpenter Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 3961 Carpenter Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $10,260,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Bronx, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 3961 Carpenter Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 3961 Carpenter Ave at around $60,137. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 3961 Carpenter Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bronx County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 3961 Carpenter Ave?

In most cases, yes. Whether 3961 Carpenter Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Bronx's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 3961 Carpenter Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Bronx and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $10,260,000 with 40,660 sqft of space—that comes out to approximately $252 per square foot.

How long has this property been on the market?

3961 Carpenter Ave was listed on June 22, 2026, which means it's been on the market for 141 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2012, making it approximately 14 years old.

What is the lot size of this property?

3961 Carpenter Ave sits on a 0.26-acre lot, which is 11,326 square feet.

What are the property taxes for 3961 Carpenter Ave?

The most recent public record shows annual property taxes for 3961 Carpenter Ave were approximately $21,003. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 3961 Carpenter Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Bronx, NY


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, OneKey MLS. All rights reserved.

Last Updated: November 10, 2026 at 08:36PM | Source: OneKey MLS | MLS#: 1015518