715 E 214TH ST, BRONX, NY 10467 For Sale

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.