50-Unit Contiguous Multifamily
For Sale
$8,995,000
753 755 757 759 761 E 214th St The, Bronx, NY 10467
Fifty-unit Bronx portfolio across five contiguous buildings with an existing 421A tax abatement and long-term assignable financing option.
Property Size41,914 SF
Days on Market54
Property Features for 753 755 757 759 761 E 214th St The
General Information
Standard status
Active
Size
41,914 SF
Property subtype
Commercial
Additional Details
Cap Rate
6.43%
Multifamily Units
50
Taxes and HOA fees
Annual Taxes
$4,318
Building Details
Building Size
41,914 SF
Year Built
2010
Units
50
Tenancy
Multi
Listing Agency:
EXP REALTY
(646) 337-7284
Listed By:
Luis A. Morales Jr
(646) 337-7284
Source:
Elliman
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 8 at 8:01AM
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
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio consists of five contiguous apartment buildings containing approximately 50 residential units. The offering includes the stated income profile with approximately $859,708 in annual gross income and an estimated NOI of approximately $578,648. The package is also described as including multiple vacant units, supporting near-term leasing activity and operational stabilization. The portfolio benefits from an 11-year remaining balance of a 421A 25-year tax abatement structure, positioned to keep real estate taxes relatively low over the remaining term.
The properties are located at 753, 755, 757, 759, and 761 E 214th Street in the Bronx (Wakefield section), with access described as convenient to public transportation, shopping, schools, and major Bronx thoroughfares. The bike, walk, and transit scores provided indicate a highly walkable and transit-served setting.
For investors, owners, or operators seeking scale in a single acquisition, this portfolio combines multi-building convenience with financing and tax-basis advantages as presented in the offering materials. The sale is paired with an assignable mortgage balance of approximately $7,981,280 at a fixed interest rate of 3.32% through August 30, 2031, subject to lender approval. Financial package, rent roll, floor plans, and due diligence materials are available upon request.
The properties are located at 753, 755, 757, 759, and 761 E 214th Street in the Bronx (Wakefield section), with access described as convenient to public transportation, shopping, schools, and major Bronx thoroughfares. The bike, walk, and transit scores provided indicate a highly walkable and transit-served setting.
For investors, owners, or operators seeking scale in a single acquisition, this portfolio combines multi-building convenience with financing and tax-basis advantages as presented in the offering materials. The sale is paired with an assignable mortgage balance of approximately $7,981,280 at a fixed interest rate of 3.32% through August 30, 2031, subject to lender approval. Financial package, rent roll, floor plans, and due diligence materials are available upon request.
Key Highlights
- 50‑unit Bronx multifamily portfolio across five contiguous buildings at 753, 755, 757, 759 & 761 E 214th Street
- Year built 2010; portfolio generates approx. $859,708 in annual gross income and approx. $578,648 estimated NOI
- Offered at $8,995,000 (approx. $179,900 per unit) with a 6.43% in‑place cap rate
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,419
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fifty-unit Bronx portfolio across five contiguous buildings with an existing 421A tax abatement and long-term assignable financing option.
Where is this apartment building located?
The property is located at 753 755 757 759 761 E 214th St The Bronx, NY.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: 50‑unit Bronx multifamily portfolio across five contiguous buildings at 753, 755, 757, 759 & 761 E 214th Street; Year built 2010; portfolio generates approx. $859,708 in annual gross income and approx. $578,648 estimated NOI; Offered at $8,995,000 (approx. $179,900 per unit) with a 6.43% in‑place cap rate
