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$6,480,000
Est. payment /mo
9,278 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1015526
Rental Info No
Year Built 2012
Annual Tax Amount $3,310
Lot Size 9,278 Sqft
Acres 0.213
Property Sub-Type Multi Family
Source onekey2
Property Description
CAP RATE OF OVER 10%
Exceptional multifamily investment opportunity in the heart of the Bronx. Built in 2012, 856 East 213th Street is a six-story elevator building offering investors a rare combination of modern construction, strong in-place cash flow, and long-term appreciation potential.
Situated on a 9,278-square-foot lot and encompassing approximately 27,891 square feet, the property consists of 36 residential units featuring a desirable mix of one- and two-bedroom apartments. The building currently generates approximately $58,693 in monthly gross rental income and has been professionally maintained, making it an attractive turnkey investment for both private and institutional buyers.
Unlike many older multifamily assets in New York City, this property benefits from newer construction, contemporary building systems, elevator service, and an attractive brick facade, helping to minimize capital expenditure concerns while maximizing tenant appeal.
A valuable on-site parking garage provides an additional amenity that enhances tenant retention and adds long-term value. Located in one of the Bronx's strongest rental markets, the property enjoys convenient access to public transportation, major highways, shopping, dining, schools, and neighborhood services, supporting consistent tenant demand.
Whether you're seeking stable cash flow, portfolio diversification, or a well-positioned multifamily asset with future upside, 856 East 213th Street presents a rare opportunity to acquire a modern, income-producing building in one of New York City's most resilient rental markets.
Exceptional multifamily investment opportunity in the heart of the Bronx. Built in 2012, 856 East 213th Street is a six-story elevator building offering investors a rare combination of modern construction, strong in-place cash flow, and long-term appreciation potential.
Situated on a 9,278-square-foot lot and encompassing approximately 27,891 square feet, the property consists of 36 residential units featuring a desirable mix of one- and two-bedroom apartments. The building currently generates approximately $58,693 in monthly gross rental income and has been professionally maintained, making it an attractive turnkey investment for both private and institutional buyers.
Unlike many older multifamily assets in New York City, this property benefits from newer construction, contemporary building systems, elevator service, and an attractive brick facade, helping to minimize capital expenditure concerns while maximizing tenant appeal.
A valuable on-site parking garage provides an additional amenity that enhances tenant retention and adds long-term value. Located in one of the Bronx's strongest rental markets, the property enjoys convenient access to public transportation, major highways, shopping, dining, schools, and neighborhood services, supporting consistent tenant demand.
Whether you're seeking stable cash flow, portfolio diversification, or a well-positioned multifamily asset with future upside, 856 East 213th Street presents a rare opportunity to acquire a modern, income-producing building in one of New York City's most resilient rental markets.
Location
State NY
County Bronx County
Rooms
Basement Full
Interior
Heating Baseboard, Electric
Cooling Central Air, Varies by Unit, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Other
Utilities Available Electricity Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Bronx 11
School District Bronx 11
Others
Special Listing Condition None
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Listed by Link NY Realty • Valon Nikci
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716