Bronx Multifamily Investment
For Sale
Contact for pricing
Pending
760 E 232nd Street, New York, NY 10466
12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
Property Size9,772 SF
Days on Market401
Property Features for 760 E 232nd Street
General Information
Standard status
Pending
Size
9,772 SF
Property subtype
Multifamily
Building Details
Year Built
1926
Stories
4
Units
12
Listing Agency:
KW Commercial Eastchester / Scarsdale
Listed By:
Michael Brown · License #30BR0963422
(718) 541-6149
Source:
Crexi
Added: Jul 31, 2025
Changed: Sep 4
Last Checked: Sep 1 at 10:09PM
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 KW Commercial Eastchester / Scarsdale
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
Questions? Ask Rey
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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 Street New York, 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
