721 E 242nd Street, Bronx, NY 10470
- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 721 E 242nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 4, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2
- Standard status
- Active
- APN
- 05115-0014
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7632
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1931
- Number of units
- 4
- Building materials
- Block, Brick
Listing agent Onyinyechi Ekpecham License #10401248140 (347) 205-1056
Listing office Keller Williams Realty NYC Grp 2300 Eastchester Road, Bronx, NY (718) 697-6800
Listing date Jun 22, 2026
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four‑family building at 721 E. 242nd Street in Wakefield
- Over 3,400 sq ft of living space
- 7 bedrooms and 4 bathrooms, plus basement
- Built in 1931 with block and brick construction materials
- Cooling includes window unit(s) and wall/window unit(s)
- Utilities: public water and public sewer
Overview
Located in the Bronx at E 242nd Street, the property is positioned on a residential block and within reach of everyday amenities. Public remarks note proximity to Metro-North and subway lines, as well as major roadways, local shops, dining, and nearby schools, supporting convenient access for tenants.
This four-family format can fit a range of buyers, including those looking to add a Bronx income property to an existing portfolio or acquire a multi-unit residence with on-site rental diversification. If you’re evaluating residential income opportunities, schedule a private showing to review the building and units directly and confirm how the layout aligns with your underwriting and leasing plans.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.6k | $38.40 |
| − Vacancy | −$7.2k | −$2.11 |
| EGI | $123.4k | $36.29 |
| − OpEx | −$37.0k | −$10.89 |
| NOI | $86.4k | $25.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.848389
- Latitude
- 40.905697
