753 755 757 759 761 E 214th Street, Bronx, NY 10467

This for-sale portfolio consists of five contiguous apartment buildings totaling approximately 50 residential units. The package is positioned as an income-producing, residential income property with in-place operating results, and it includes multiple vacant units for potential near-term rent opportunities. Financial information provided with the offering reflects approximately $859,708 in annual gross income and an estimated NOI of approximately $578,648. The portfolio is also associated with a reported 6.43% in-place cap rate.

The buildings are located in the Bronx, specifically the Wakefield section, at 753, 755, 757, 759 and 761 E 214th Street. The offering remarks note convenient access to public transportation, shopping, schools, and major Bronx thoroughfares.

Financing and taxes are key elements of the opportunity. The seller is offering an assignable mortgage balance of approximately $7,981,280 with a fixed interest rate of 3.32% through August 30, 2031, subject to lender approval. In addition, the portfolio benefits from approximately 11 years remaining on a 421A 25-year tax abatement structure, which the offering describes as resulting in extremely low real estate taxes. This combination may appeal to investors and operators seeking to acquire a scaled multifamily asset with documented financial performance and continuing tax benefits.