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3935 Barnes Ave 3 Unit Apartment Building $1,958,418 CAD ($652,806 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$174,859
|
$67.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$174,859
|
$67.88
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,983
|
$8.15
|
| Net Operating Income |
$153,876
|
$59.73
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $174,859 |
| Annual Per SF | $67.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $174,859 |
| Annual Per SF | $67.88 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,983 |
| Annual Per SF | $8.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $153,876 |
| Annual Per SF | $59.73 |
Property Facts
| Price | $1,958,418 CAD | Property Subtype | Apartment |
| Price Per Unit | $652,806 CAD | 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 | $1,958,418 CAD |
| Price Per Unit | $652,806 CAD |
| 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 | $48,216 CAD |
| Land Assessment | $10,089 CAD | Total Assessment | $58,305 CAD |
Property Taxes
Parcel Number
04837-0006
Land Assessment
$10,089 CAD
Improvements Assessment
$48,216 CAD
Total Assessment
$58,305 CAD
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3935 Barnes Ave
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