About This Home

This 7-bedroom, 4-bathroom multi-family at 721 E 242nd Street in Bronx, NY is listed for $1,350,000. Built in 1931, on a 0.06 acres lot.

Key Features

  • Built in 1931
  • 0.06 acre lot

Property Details

4 full
1931

Amenities

A/C
Listing Description

Welcome to 721 E. 242nd Street, a rare four-family investment property nestled in the heart of Wakefield. Offering over 3,400 square feet of living space, this income-generating building combines classic Bronx character with exceptional potential. Situated on a quiet residential block, the property enjoys close proximity to Metro-North, subway lines, major roadways, local shops, dining, schools, and everyday conveniences.

Whether you're an investor looking to expand your portfolio or a buyer seeking a property with substantial rental income, this multifamily residence delivers both versatility and opportunity in one of the Bronx's most established neighborhoods. This gem will not last-schedule your private viewing today!

Monthly Cost Estimate

$7,220/mo

20% down · 6.5% · 30 years

Principal$976
Interest$5,850
Insurance$394

Estimates only. Actual payments may vary.

Location

721 E 242nd Street

Bronx, NY 10470

Property Details

Construction

Block Brick

Cooling

Window Unit(s)Wall/Window Unit(s)

Questions & Answers

This 7-bedroom, 4-bathroom multi-family at 721 E 242nd Street is listed at $1,350,000. The estimated monthly payment is $7,220 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931, 0.06 acre lot.

This property is listed by Onyinyechi Ekpecham.

OE

Onyinyechi Ekpecham

Agent at Keller Williams Realty NYC Group

Listed by Keller Williams Realty NYC Group · Broker phone: (718) 697-6800 · View on Broker Site

MLS# 1015109· Source: OneKey MLS· 131 days on PropertySimple

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

721 E 242nd Street, Bronx, NY 10470

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