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New Multifamily Building
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Pending

722 E 216th St The, Bronx, NY 10467

New residential building with 66 units, including studio, one- and two-bedroom apartments, and 35 rear parking spaces.

Property Size57,680 SF
Days on Market121

Property Features for 722 E 216th St The

General Information

Standard status Pending
Size 57,680 SF
Total Parking Spaces 35
Property subtype Retail

Additional Details

Multifamily Units 66
Listing Agency: Cushman & Wakefield New York
Listed By: Josh Neustadter · License #NY 10401302418
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 7 at 5:42AM

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 Cushman & Wakefield New York

Investment Insights

Based on property information with market context.

722 East 216th Street is a newly built residential building in the Bronx with 66 residential units across a total of 57,680 square feet. The unit mix includes 25 studios, 15 one-bedroom apartments, and 26 two-bedroom apartments. Interiors are described as having hardwood floors and new kitchen appliances.

The property includes 35 rear parking spaces. It is positioned in the Wakefield neighborhood with convenient access to both the Burke Avenue and 219th Street subway stations, serviced by the 2 and 5 trains.

This building’s configuration supports a diversified rental mix across studio, one-bedroom, and two-bedroom apartments within a newly constructed multifamily framework.

Key Highlights

  • Newly built residential building with 66 units in the Wakefield neighborhood of the Bronx
  • 57,680 total SF with a unit mix of 25 studios, 15 one‑bedroom, and 26 two‑bedroom apartments
  • Building features include hardwood floors and new kitchen appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage Acupuncture Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

66
Residential units

Location Intelligence

Trade Area within ½ mile

2,185
Businesses Nearby

Demographics for 10467, NY

103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New residential building with 66 units, including studio, one- and two-bedroom apartments, and 35 rear parking spaces.
Where is this apartment building located?
The property is located at 722 E 216th St The Bronx, NY.
What are key features of this property?
This property features: Newly built residential building with 66 units in the Wakefield neighborhood of the Bronx; 57,680 total SF with a unit mix of 25 studios, 15 one‑bedroom, and 26 two‑bedroom apartments; Building features include hardwood floors and new kitchen appliances
More about this property
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