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715 E 214th Street, Bronx, NY 10467

$6,660,000

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New to the Market

BEDS0 BATHS MLS#1015537

STATUSActive PROPERTY TYPECommercial - SCHOOLBronx 11

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Property Description

CAP RATE OF OVER 10%715 East 214th Street is an excellent multifamily investment opportunity in the thriving Wakefieldsection of the Bronx. This well-maintained elevator building consists of 37 residentialapartments 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 throughestablished housing organizations and government-assisted programs, providing dependableand predictable rental income. The building currently generates $58,319 per month ($699,826annually) 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 blockfrom the 225th Street subway station (2/5 lines) with Metro-North access ~25 min to GrandCentral, making it one of Wakefield's most accessible locations.

715 E 214th Street | MLS# 1015537

This commercial property located at 715 E 214th Street, Bronx, NY 10467 is currently listed for sale with an asking price of $6,660,000. E 214th Street is located within the Bronx 11 school district. Search Bronx real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Full

Basement: Yes

Cooling: Central Air, Varies by Unit

Heating: Baseboard, Electric

Lot Size: 0.14 Acres

Taxes: $2,326

Year Built: 2013

Feature Descriptions

Building Area Total: 24302

Days on Site: 3

Exterior: Brick

On Market Date: 2026-06-22

Parcel Number: 04662-0023

Parking Features: Other

Property Attached Y/N: 1

Rental Term: Monthly

Sewer: Public Sewer

Units: 37

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected

Water: Public

Local Schools

School District: Bronx 11

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55 Northern Blvd
Greenvale, NY 11548

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715 E 214th Street, Bronx, NY 10467

Property Description

715 E 214th Street | MLS# 1015537

Property Features

Feature Descriptions

Local Schools

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715 E 214th Street, Bronx, NY 10467

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