856 E 213th StreetBronx, NY 10467

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.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

2012

Building area

27,891 Sq Ft

Lot size

0.21 acres

Days on market

89

MLS^® Listing#

1015526

Property Features

Cooling

Central Air · Varies by Unit · Wall/Window Unit(s)

Heating

Baseboard · Electric

Basement

Full

Parking

Other

Construction

Brick

Utilities

Electricity Connected · See Remarks · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$3,311

Assessed value

$1,168,650

Parcel number

04671-0064