MLS#981692
STATUSActive
PROPERTY TYPECommercial -
Property Description
Prime Wakefield Investment - 7-Unit Income-Producing Property Near Transit. Exceptional opportunity to own a brick 3-story multifamily building in the Wakefield section of the Bronx-one of the city's strongest and most consistent rental markets. 7 total income-generating units, including: Five 2-bedroom apartments One 1-bedroom apartment Bonus 2-bedroom unit in the basement Perfect for investors seeking strong cash flow, portfolio expansion, or owner-occupants looking to offset living costs with rental income. Gross Rental Income: $169,020 annually Total Expenses: $58,427.72 Net Operating Income (NOI): $110,592.28 Cap Rate: ~7.1% GRM (Gross Rent Multiplier): ~9.2 Major capital improvements completed (boiler, roof, gas lines, oil tanks). Just 2 blocks from the Nereid Ave / White Plains Rd station (2 & 5 trains), offering a quick and convenient commute throughout NYC. Surrounded by local shops, restaurants, schools, and public transportation, making it extremely attractive to tenants.
Property Features
Property Type: Commercial -
Basement: Finished, Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Oil
Lot Size: 0.06 Acres
Taxes: $29,539
Year Built: 1930
Feature Descriptions
Building Area Total: 5850
Days on Site: 2
Exterior: Brick
Heating Units: 1
On Market Date: 2026-04-07
Parcel Number: 05040-0038
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 7
Sewer: Public Sewer
Units: 7
Utilities: Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: At Home With Yara Realty
Agency Contact: 914-372-1404
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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4383 Matilda Avenue | MLS# 981692
This commercial property located at 4383 Matilda Avenue , Bronx, NY 10466 is currently listed for sale with an asking price of $1,555,000. Search Bronx real estate on www.coldwellbankerchoice.com today.