Bronx Multifamily Investment
For Sale
$1,500,000
Pending
760 E 232nd St, Bronx, NY 10466
12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
Property SizeContact for details
Days on Market390
Property Features for 760 E 232nd St
General Information
Standard status
Pending
Taxes and HOA fees
Annual Taxes
$27,431
Listing Agency:
Keller Williams Realty Group
(718) 541-6149
Listed By:
Michael A. Brown · License #02065385
(718) 541-6149
Source:
Exprealty
Added: Jul 31, 2025
Changed: Aug 20
Last Checked: Aug 23 at 5:37AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
Located in the Wakefield section of the Bronx, 760 E 232nd Street is a well-maintained, solid brick 12-unit multifamily property. The rent-stabilized building offers a blend of in-place cash flow with upside through unit turnover and operational optimization. The unit mix includes three vacant units, one 3BR unit that will be delivered vacant, and eight stabilized/rented units. The stabilized units include 1BRs renting at $859, $1,113 (ERAP), $1,198, $1,233, and $1,336, and 2BRs renting at $1,117, $1,521, and $2,174 (lease through 2026). One 2BR is in active eviction with legal process in progress. Several units are month-to-month or have upcoming lease expirations. The building is in a transit-friendly corridor near the 2 and 5 trains, Metro-North, major bus lines, and key Bronx retail. The property is a prime hold for multifamily operators, 1031 exchange buyers, and fund managers seeking in-place returns and long-term value appreciation. The building offers strong fundamentals, low turnover risk, and no major deferred maintenance has been reported. The property has 25% vacancy and additional unit turnover potential.
Key Highlights
- 12‑unit rent‑stabilized brick building in the North Bronx
- Significant upside potential through 25% vacancy (3 units)
- One additional 3BR unit will be delivered vacant
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
Where is this apartment building located?
The property is located at 760 E 232nd St Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12‑unit rent‑stabilized brick building in the North Bronx; Significant upside potential through 25% vacancy (3 units); One additional 3BR unit will be delivered vacant
