Five-Family Brick
For Sale
$1,575,000
1022 E 219th St The, Bronx, NY 10469
Five residential apartments with two garages and updated building systems, including roofing, windows, electrical, gas, and hot-water infrastructure.
Property Size2,940 SF
Days on Market63
Property Features for 1022 E 219th St The
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,850
Building Details
Building Size
2,940 SF
Year Built
1925
Units
5
Listing Agency:
Prudential Kafcos Realty
Listed By:
Eugene Branca · License #10401256482
(917) 407-4808
Source:
Elliman
Added: Aug 5
Changed: Oct 3
Last Checked: Oct 5 at 7:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prudential Kafcos Realty
Investment Insights
Based on property information with market context.
This five-family apartment building at 1022 E 219th St in The Bronx was built in 1925 and has a brick walk-up design. The unit mix includes 3BD, 2BD, 1BD, 1BD, and a studio, along with two single-car garages that provide additional rental income. Apartments are free-market, and the property has a documented collection history.
Major building-system work includes a new main roof and garage roof, replacement windows, upgraded electrical meters and panels, upgraded gas service, a new gas steam boiler, and two new gas hot water heaters. A security camera system is also in place. The property has a 2026 gross annual income of $164,208, a 2025 annual expense figure of $25,307, and an 8.24% cap rate. WalkScore is 75, BikeScore is 52, and TransitScore is 83.
Major building-system work includes a new main roof and garage roof, replacement windows, upgraded electrical meters and panels, upgraded gas service, a new gas steam boiler, and two new gas hot water heaters. A security camera system is also in place. The property has a 2026 gross annual income of $164,208, a 2025 annual expense figure of $25,307, and an 8.24% cap rate. WalkScore is 75, BikeScore is 52, and TransitScore is 83.
Key Highlights
- Five‑family brick walk‑up building built in 1925
- Unit mix: 3BD, 2BD, 1BD, 1BD, and studio
- Two single‑car garages provide additional rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,631
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,620
$1.4M
Cap Rate 7%
$966,157
$966.2K
Cap Rate 9%
$751,456
$751.5K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$130.5K $44.40/SF
− Vacancy
−$7.6K −$2.58/SF
EGI
$123.0K $41.82/SF
− OpEx
−$55.3K −$18.82/SF
NOI
$67.6K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,620
Cap Rate 7%
$966,157
Cap Rate 9%
$751,456
Alternative Uses
Best Use
Apartment 5plus
$966.2K
$845.4K – $1.13M
NOI $67,631 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,605 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five residential apartments with two garages and updated building systems, including roofing, windows, electrical, gas, and hot-water infrastructure.
Where is this apartment building located?
The property is located at 1022 E 219th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Five‑family brick walk‑up building built in 1925; Unit mix: 3BD, 2BD, 1BD, 1BD, and studio; Two single‑car garages provide additional rental income
