MLS#1015526
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBronx 11
Property Description
CAP RATE OF OVER 10%Exceptional multifamily investment opportunity in the heart of the Bronx. Built in 2012, 856 East 213th Street is a six-story elevator building offering investors a rare combination of modern construction, strong in-place cash flow, and long-term appreciation potential.Situated on a 9,278-square-foot lot and encompassing approximately 27,891 square feet, the property consists of 36 residential units featuring a desirable mix of one- and two-bedroom apartments. The building currently generates approximately $58,693 in monthly gross rental income and has been professionally maintained, making it an attractive turnkey investment for both private and institutional buyers.Unlike many older multifamily assets in New York City, this property benefits from newer construction, contemporary building systems, elevator service, and an attractive brick facade, helping to minimize capital expenditure concerns while maximizing tenant appeal.A valuable on-site parking garage provides an additional amenity that enhances tenant retention and adds long-term value. Located in one of the Bronx's strongest rental markets, the property enjoys convenient access to public transportation, major highways, shopping, dining, schools, and neighborhood services, supporting consistent tenant demand.Whether you're seeking stable cash flow, portfolio diversification, or a well-positioned multifamily asset with future upside, 856 East 213th Street presents a rare opportunity to acquire a modern, income-producing building in one of New York City's most resilient rental markets.
Property Features
Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: Central Air, Varies by Unit, Wall/Window Unit(s)
Heating: Baseboard, Electric
Lot Size: 0.21 Acres
Taxes: $3,310
Year Built: 2012
Feature Descriptions
Building Area Total: 27891
Days on Site: 15
Exterior: Brick
On Market Date: 2026-06-22
Parcel Number: 04671-0064
Parking Features: Other
Rental Term: Monthly
Sewer: Public Sewer
Units: 36
Utilities: Electricity 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
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: 40KY1172791
856 E 213th Street | MLS# 1015526
This commercial property located at 856 E 213th Street, Bronx, NY 10467 is currently listed for sale with an asking price of $6,480,000. E 213th Street is located within the Bronx 11 school district. Search Bronx real estate on lindakyan.cbamhomes.com today.