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3935 Barnes Ave 3 Unit Apartment Building $1,400,000 ($466,667/Unit) 7.86% Cap Rate Bronx, NY 10466
Investment Highlights
- • Three-family home with a finished basement
- • Lot Size: Approx. 28’ × 155.3’
- • Delivered Vacant – move in or set your own rents
- • Building Size: Approx. 22’ × 60
- • R5 Zoning with future development potential
- • South-facing with abundant natural light
Executive Summary
Sale Notes – 3935 Barnes Ave, Bronx, NY
Excellent investment opportunity in the desirable Wakefield section of the Bronx. This well-maintained three-family property offers strong income potential with additional upside. The property features a finished basement, private backyard, and three detached garages, providing multiple income streams.
The first floor consists of a spacious 3-bedroom layout with a legal enclosed porch. The second and third floors each offer 2-bedroom apartments. Conveniently located near the 2 train, shopping, schools, and major transportation.
Projected Monthly Income:
* 1st Floor: $3,500
* 2nd Floor: $3,000
* 3rd Floor: $3,000
* Finished Basement: $2,000
* Three Garages: $1,000
Total Projected Income: Approximately $12,500 per month.
A rare opportunity for both investors and owner-occupants seeking immediate cash flow and long-term appreciation potential.
Excellent investment opportunity in the desirable Wakefield section of the Bronx. This well-maintained three-family property offers strong income potential with additional upside. The property features a finished basement, private backyard, and three detached garages, providing multiple income streams.
The first floor consists of a spacious 3-bedroom layout with a legal enclosed porch. The second and third floors each offer 2-bedroom apartments. Conveniently located near the 2 train, shopping, schools, and major transportation.
Projected Monthly Income:
* 1st Floor: $3,500
* 2nd Floor: $3,000
* 3rd Floor: $3,000
* Finished Basement: $2,000
* Three Garages: $1,000
Total Projected Income: Approximately $12,500 per month.
A rare opportunity for both investors and owner-occupants seeking immediate cash flow and long-term appreciation potential.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,000
|
$48.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,000
|
$48.52
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,000
|
$5.82
|
| Net Operating Income |
$110,000
|
$42.70
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $48.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $48.52 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $5.82 |
| Net Operating Income | |
|---|---|
| Annual | $110,000 |
| Annual Per SF | $42.70 |
Property Facts
| Price | $1,400,000 | Property Subtype | Apartment |
| Price Per Unit | $466,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.86% | Building Size | 2,576 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1901 |
| Zoning | R5 - Zoning districts R5, R4 Floor Area Ratio (FAR) Adjusted max FAR 1.41 Max buildable area 6,132 sq. ft. | ||
| Price | $1,400,000 |
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,576 SF |
| No. Stories | 2 |
| Year Built | 1901 |
| Zoning | R5 - Zoning districts R5, R4 Floor Area Ratio (FAR) Adjusted max FAR 1.41 Max buildable area 6,132 sq. ft. |
Amenities
Unit Amenities
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Wi-Fi
- Basement
- Dining Room
- Family Room
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+4 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 04837-0006 | Improvements Assessment | $34,468 |
| Land Assessment | $7,212 | Total Assessment | $41,680 |
Property Taxes
Parcel Number
04837-0006
Land Assessment
$7,212
Improvements Assessment
$34,468
Total Assessment
$41,680
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3935 Barnes Ave
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