About This Home
This 0-bedroom, 0-bathroom commercial at 715 E 214th Street in Bronx, NY is listed for $6,600,000. Built in 2013, on a 0.14 acres lot.
Key Features
- Built in 2013
- 0.14 acre lot
Property Details
Amenities
CAP RATE OF OVER 10% 715 East 214th Street is an excellent multifamily investment opportunity in the thriving Wakefield section of the Bronx. This well-maintained elevator building consists of 37 residential apartments across a diverse unit mix of 19 studios, 9 one-bedrooms, and 9 two-bedrooms, delivering strong in-place cash flow and stable occupancy.
The property is 100% occupied with many units held by long-term tenants supported through established housing organizations and government-assisted programs, providing dependable and predictable rental income. The building currently generates $58,319 per month ($699,826 annually) in gross rental income.
Operating at an 87%+ NOI margin, the building demonstrates exceptional operational efficiency. Tenants pay heat and electric, keeping landlord expenses low. Conveniently located one block from the 225th Street subway station (2/5 lines) with Metro-North access ~25 min to Grand Central, making it one of Wakefield's most accessible locations.
Monthly Cost Estimate
$35,298/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
715 E 214th Street
Bronx, NY 10467
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 715 E 214th Street is listed at $6,600,000. The estimated monthly payment is $35,298 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2013, 0.14 acre lot.
This property is listed by Valon Nikci and can be reached at 6463219428.
