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Multi Family 5+ in Bronx County
MLS Number981728
Address4383 Matilda Avenue, Bronx, NY 10466 show map
Price$1,555,000 show mortgage calculator
Acres0.057392102846648
Year Built1930
Est. Sq. Footage0
Elementary School
Jr High-Middle School
High School
Estimated Taxes$29,540
Total Apt Units7
Remarks

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.

Amenities

This listing is Courtesy of At Home With Yara Realty (914-372-1404).

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