50-Unit Apartment
For Sale
$8,450,000
753 755 757 759 761 E 214th Street, Bronx, NY 10467
Five adjoining residential buildings in the Bronx have R7A zoning and approximately 11 years remaining under a 421A tax abatement.
Property Size41,914 SF
Price / SF$201.60
Days on Market142
Property Features for 753 755 757 759 761 E 214th Street
General Information
Standard status
Active
Size
41,914 SF
Property subtype
Commercial
Zoning
R7A
Net Operating Income
$578,648
Financials
Asking Price
$8,995,000
Cap Rate
6.43%
Gross Income
$859,708
Additional Details
Public Transit
Yes
Multifamily Units
50
Taxes and HOA fees
Annual Taxes
$4,318
Building Details
Building Size
41,914 SF
Year Built
2010
Buildings
5
Stories
4
Units
50
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Luis A. Morales Jr · License #10301202922
(646) 337-7284
Source:
Croninreale
Added: Jun 13
Changed: Oct 26
Last Checked: Oct 29 at 9:26PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
The portfolio comprises five contiguous apartment buildings at 753, 755, 757, 759, and 761 E 214th Street in the Bronx. Built in 2010, the properties contain 50 residential units across 41,914 square feet. Several units are vacant, and the portfolio carries an in-place cap rate of 6.43%. Approximately 11 years remain on the 421A tax abatement.
The buildings are in the Wakefield section of the Bronx, with access to public transportation, shopping, schools, and major Bronx thoroughfares. The properties are zoned R7A.
The buildings are in the Wakefield section of the Bronx, with access to public transportation, shopping, schools, and major Bronx thoroughfares. The properties are zoned R7A.
Key Highlights
- Five contiguous apartment buildings with 50 residential units
- 41,914 square feet across buildings constructed in 2010
- Approximately 11 years remaining on the 421A tax abatement
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
50
Residential units
Location Intelligence
Trade Area within ½ mile
2,419
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five adjoining residential buildings in the Bronx have R7A zoning and approximately 11 years remaining under a 421A tax abatement.
Where is this apartment building located?
The property is located at 753 755 757 759 761 E 214th Street Bronx, NY.
What is the asking price?
The asking price for this property is $8,450,000.
What are key features of this property?
This property features: Five contiguous apartment buildings with 50 residential units; 41,914 square feet across buildings constructed in 2010; Approximately 11 years remaining on the 421A tax abatement
