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4612 Murdock Ave 4 Unit Apartment Building $1,195,000 ($298,750/Unit) 4.31% Cap Rate Bronx, NY 10466
Investment Highlights
- Shadow of White Plains Road rezoning
- Close to transportation
Executive Summary
Free-market four-family investment opportunity in Wakefield, Bronx. The property is located just 7-minutes walking from the Wakefield–241st Street subway station and the White Plains Road corridor, which is currently under study by the NYC Department of City Planning for higher-density multifamily rezoning. Current rents are below market, offering immediate upside, while the 5,000 SF lot is under built, creating future expansion or redevelopment potential, subject to zoning and approvals. One unit is currently vacant, with two additional leases expiring in 2026, providing a clear path to reposition the asset, increase rental income, and capitalize on long-term corridor growth.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,455
|
$21.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,455
|
$21.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45,076
|
$9.80
|
| Net Operating Income |
$54,379
|
$11.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $99,455 |
| Annual Per SF | $21.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,455 |
| Annual Per SF | $21.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $45,076 |
| Annual Per SF | $9.80 |
| Net Operating Income | |
|---|---|
| Annual | $54,379 |
| Annual Per SF | $11.82 |
Property Facts
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $298,750 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,750 SF |
| Cap Rate | 4.31% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2008 |
| Property Subtype | Apartment | Parking Ratio | 2.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4, R4A - 1.0 FAR. Approximately built 0.55 FAR | ||
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,750 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2008 |
| Parking Ratio | 2.91/1,000 SF |
| Zoning | R4, R4A - 1.0 FAR. Approximately built 0.55 FAR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05126-0005 | Improvements Assessment | $123,306 (2026) |
| Land Assessment | $60,969 (2026) | Total Assessment | $184,275 (2026) |
Property Taxes
Parcel Number
05126-0005
Land Assessment
$60,969 (2026)
Improvements Assessment
$123,306 (2026)
Total Assessment
$184,275 (2026)
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4612 Murdock Ave