MLS#1015537
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBronx 11
Property Description
CAP RATE OF OVER 10%715 East 214th Street is an excellent multifamily investment opportunity in the thriving Wakefieldsection of the Bronx. This well-maintained elevator building consists of 37 residentialapartments 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 throughestablished housing organizations and government-assisted programs, providing dependableand predictable rental income. The building currently generates $58,319 per month ($699,826annually) 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 blockfrom the 225th Street subway station (2/5 lines) with Metro-North access ~25 min to GrandCentral, making it one of Wakefield's most accessible locations.
Property Features
Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: Central Air, Varies by Unit
Heating: Baseboard, Electric
Lot Size: 0.14 Acres
Taxes: $2,326
Year Built: 2013
Feature Descriptions
Building Area Total: 24302
Days on Site: 15
Exterior: Brick
On Market Date: 2026-06-22
Parcel Number: 04662-0023
Parking Features: Other
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 37
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Bronx 11
Listed By / Shown By
Listing By
Agency Name: Link NY Realty
Agency Contact: 646-827-2256
Shown By
Agent Name: Linda Kyan
Agent Phone: (212) 518-3080
Agency Title: Coldwell Banker American Homes
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715 E 214th Street | MLS# 1015537
This commercial property located at 715 E 214th Street, Bronx, NY 10467 is currently listed for sale with an asking price of $6,660,000. E 214th Street is located within the Bronx 11 school district. Search Bronx real estate on lindakyan.cbamhomes.com today.