Courtesy of: Yara Annechiarico, At Home With Yara Realty, yara@athomewithyara.com
Courtesy of: Yara Annechiarico, At Home With Yara Realty, yara@athomewithyara.com
$1,555,000
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Lot: 0.06 Acres
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Other
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$1,555,000
4383 Matilda Avenue 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.
Courtesy of: Yara Annechiarico, At Home With Yara Realty, yara@athomewithyara.com
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