715 E 214th Street Bronx, NY 10467
Other
MLS #: 1015537
Courtesy Of Link NY Realty
Property InformationDescription
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.
Features
- Age: 11-20 Years Old
- Amenities: Basement
- Building Units: 37
- Cooling System: Varies by Unit
- Cooling System: Central Air
- Exterior Type: Brick
- Heating System: Electric (Heating)
- Heating System: Baseboard
- MLSID: 1015537
- Rooms: Basement
MAP & DIRECTIONS
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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
