Listed price in listed location currency (USD).
$6,660,000

000

MLS® 1015537

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $2,327
Days Active 0
Lot Size 0.1435 Acres
Approx. Age 2013
MLS® Number 1015537

Property Address: 715 E 214th Street, New York, NY, 10467

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1015537
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2013
BasementFull
DrivewayOther
Garage Spaces
HeatBaseboard, Electric
A/CCentral Air, Varies by Unit

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$6,660,000List Price
  • Commute

Commute

Starting Address
Destination Address
715 E 214Th Street, New York, NY

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