Bronx Multifamily Investment
For Sale
$1,500,000
Pending
760 E 232nd St The, Bronx, NY 10466
12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
Property Size9,772 SF
Lot Size0.09 Acres
Days on Market158
Property Features for 760 E 232nd St The
General Information
Standard status
Pending
Size
9,772 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$27,431
Building Details
Building Size
9,772 SF
Year Built
1926
Units
12
Listing Agency:
Keller Williams Realty Group
(718) 541-6149
Listed By:
Michael A. Brown · License #30BR093422
(718) 541-6149
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:09PM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
Located in the Wakefield section of the Bronx, 760 E 232nd Street is a 12-unit multifamily property. Constructed of solid brick, the rent-stabilized building presents an investment opportunity with potential for increased cash flow through unit turnover and operational improvements. The unit mix includes three vacant units, one three-bedroom unit to be delivered vacant, and eight stabilized or rented units with diversified rent rolls. One-bedroom units rent for $859, $1,113 (ERAP), $1,198, $1,233, and $1,336. Two-bedroom units rent for $1,117, $1,521, and $2,174 (lease through 2026). One two-bedroom unit is in active eviction with legal proceedings in progress. Several units are month-to-month or have upcoming lease expirations. The building is located in a transit-friendly corridor near the 2 and 5 trains, Metro-North, major bus lines, and key Bronx retail. The property may be suitable for multifamily operators, 1031 exchange buyers, and fund managers seeking returns and long-term value appreciation.
Key Highlights
- 12‑Unit Rent‑Stabilized Brick Building in the North Bronx offering in‑place cash flow with upside potential.
- Three Vacant Units and one additional 3BR unit to be delivered vacant, providing immediate lease‑up or value‑add opportunities.
- Significant rent roll growth potential through unit turnover and resetting rents to market value.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
Where is this apartment building located?
The property is located at 760 E 232nd St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12‑Unit Rent‑Stabilized Brick Building in the North Bronx offering in‑place cash flow with upside potential.; Three Vacant Units and one additional 3BR unit to be delivered vacant, providing immediate lease‑up or value‑add opportunities.; Significant rent roll growth potential through unit turnover and resetting rents to market value.
