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Quadplex with Basement
For Sale
$1,350,000
Pending

721 E 242nd Street, Bronx, NY 10470

Residential Income, Bronx, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market103

Property Features for 721 E 242nd Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Basement, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Elementary school Ps 16 Wakefield
Middle school Jhs 144 Michelangelo
High school Contact Agent
Elementary school district Bronx 11
Middle school district Bronx 11
High school district Bronx 11
Directions Take I-87 (Major Deegan Expressway) to Exit 13 for E 233rd Street. Continue east on E 233rd Street, turn left onto White Plains Road, then turn right onto E 242nd Street. Property is located on the block between White Plains Road and Barnes Avenue.
Standard status Pending
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 Wall/Window Unit(s), Window Unit(s)
Water source Public

Building Details

Year built 1931
Number of units 4
Building materials Block, Brick
Listing Agency: Keller Williams Realty NYC Grp
Listed By: Onyinyechi Ekpecham · License #10401248140
Added: Jun 22 Changed: Sep 15 Last Checked: Oct 2 at 4:06AM
MLS# 1015109

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.

Investment Insights

Based on property information with market context.

This four-family quadplex at 721 E. 242nd Street provides over 3,400 square feet of living space across a configuration that includes seven bedrooms, four bathrooms, and a basement. Constructed in 1931, the building uses block and brick materials and is served by public water and public sewer. Cooling is provided through wall or window units.

The property is located in Wakefield on a residential block near Metro-North, subway lines, major roadways, local shops, dining, schools, and everyday services. Its Bronx County setting and four-family layout support continued use as a residential income property, subject to applicable requirements.

Key Highlights

  • Four‑family quadplex with over 3,400 square feet of living space
  • Seven bedrooms, four bathrooms, and basement space
  • 0.0574‑acre lot in Wakefield

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Acupuncture (Bike/Boat/Book/etc) Store Florist Veterinary Clinic

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,353
Businesses Nearby

Demographics for 10470, NY

16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Quadplex - Four-family Bronx property with basement space, seven bedrooms, four bathrooms, and public water and sewer service.
Where is this quadplex located?
The property is located at 721 E 242nd Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four‑family quadplex with over 3,400 square feet of living space; Seven bedrooms, four bathrooms, and basement space; 0.0574‑acre lot in Wakefield
More about this property
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