Detached 4-Unit Multifamily with
746 E 215 Williamsbridge, NY 10467
New
746 E 215, Williamsbridge, NY, 10467
$1,250,000
For Sale
$1,250,000
MULTI_FAMILY - Williamsbridge, NY
Property Size3,724 SF
Price / SF$335.66
Days on Market3
Property Features for 746 E 215
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,724 SF
Taxes and HOA fees
- Tax Annual Amount
- 9639
Building Details
- Year built
- 1928
- Floors in Building
- 3
Listing Agency
TWELVE STONES REALTY
(973) 873-8444
SUITE 500 1600 CENTRAL AVENUE, Far Rockaway, NY
Listed by
Avraham Birnbaum
(973) 873-8444
Added: Jul 14 Checked: Jul 16 at 10:06 pm
MLS# 11885275
Listing URL
Copyright © 2026 My State 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.
746 E 215th Street is a fully detached 4-family mixed-use building on an oversized 27' x 125' lot, with a 20' x 68' building footprint. The ground floor includes vacant commercial space along with a private garage and driveway for off-street parking. The second floor offers two 1-bedroom residential apartments, and the third floor provides two spacious 2-bedroom residential apartments.
The property is located in the Bronx’s Williamsbridge neighborhood and is described as being convenient to major transportation, shopping corridors, schools, parks, and neighborhood amenities. It is within R6A zoning, with approximately 10,125 square feet of maximum buildable floor area and roughly 7,000 square feet of unused development rights, subject to buyer due diligence and required approvals.
This combination of income-producing residential units, flexible vacant commercial space, and zoning-based redevelopment opportunity makes the property suitable for buyers considering expansion, redevelopment, or a mix of owner-use and rental income, based on their underwriting and approvals.
The property is located in the Bronx’s Williamsbridge neighborhood and is described as being convenient to major transportation, shopping corridors, schools, parks, and neighborhood amenities. It is within R6A zoning, with approximately 10,125 square feet of maximum buildable floor area and roughly 7,000 square feet of unused development rights, subject to buyer due diligence and required approvals.
This combination of income-producing residential units, flexible vacant commercial space, and zoning-based redevelopment opportunity makes the property suitable for buyers considering expansion, redevelopment, or a mix of owner-use and rental income, based on their underwriting and approvals.
Key Highlights
- Fully detached 4‑family mixed‑use building on a 27' x 125' lot in the Williamsbridge area of the Bronx (built in 1928).
- Building footprint is 20' x 68', with ground‑floor vacant commercial space plus residential apartments on the 2nd and 3rd floors.
- Unit mix: two 1‑bedroom apartments on the second floor and two 2‑bedroom apartments on the third floor.
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 | $138.5k | $37.20 |
| − Vacancy | −$9.0k | −$2.42 |
| EGI | $129.5k | $34.78 |
| − OpEx | −$38.9k | −$10.43 |
| NOI | $90.7k | $24.35 |
3,724 SF · lease $37.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.13M – $1.51M
NOI $90,670 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,035 @ 7.0% cap · market cap 6.48%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,633 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Detached 4-family property with vacant ground-floor commercial space, off-street parking, and four residential units.
Where is this quadplex located?
The property is located at 746 E 215 Williamsbridge, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully detached 4‑family mixed‑use building on a 27' x 125' lot in the Williamsbridge area of the Bronx (built in 1928).; Building footprint is 20' x 68', with ground‑floor vacant commercial space plus residential apartments on the 2nd and 3rd floors.; Unit mix: two 1‑bedroom apartments on the second floor and two 2‑bedroom apartments on the third floor.
