715 E 214th Street, Bronx, NY 10467
- $6,660,000
- List Price
- $6,660,000
- Days on Market
- 44
- MLS#
- 1015537
- Number Of Families
- 37
- Status
- ACTIVE
- Lot Size
- 6250
Property Description
CAP RATE OF OVER 10% 715 East 214th Street is an excellent multifamily investment opportunity in the thriving Wakefield section of the Bronx. This well-maintained elevator building consists of 37 residential apartments across a diverse unit mix of 19 studios, 9 one-bedrooms, and 9 two-bedrooms, delivering strong in-place cash flow and stable occupancy. The property is 100% occupied with many units held by long-term tenants supported through established housing organizations and government-assisted programs, providing dependable and predictable rental income. The building currently generates $58,319 per month ($699,826 annually) in gross rental income. Operating at an 87%+ NOI margin, the building demonstrates exceptional operational efficiency. Tenants pay heat and electric, keeping landlord expenses low. Conveniently located one block from the 225th Street subway station (2/5 lines) with Metro-North access ~25 min to Grand Central, making it one of Wakefield's most accessible locations.
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Additional Information
- Year Built
- 2013
- School District
- Bronx 11
- Total Taxes
- 2326
- Heating
- Baseboard, Electric
- Parking
- Other
- Basement
- Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $2,326
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Listing courtesy of Listing Agent: Valon Nikci (sales@linknyrealty.com) from Listing Office: Link NY Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.