Log In/Sign Up
Your email has been sent.
746 E 215th St 5 Unit Apartment Building Offered at $1,350,000 at a 9.48% Cap Rate Bronx, NY 10467
Investment Highlights
- three story fully brick
- ground floor
- free market
Executive Summary
746 E 215th Street is a rare, fully detached 4-family property offering scale, flexibility, and serious upside in a strong R6A zoning district in the Bronx.
Set on an expansive 27' x 125' lot, the property features a 20' x 68' building with a private front driveway and garage—an increasingly scarce amenity that immediately boosts both tenant appeal and long-term value. The building’s detached configuration provides excellent light, air, and privacy across all units, enhancing livability and rental demand.
A standout feature is the fully above-grade ground floor that spans the entire footprint of the building, complete with windows and natural light throughout. This space offers strong potential for a variety of uses, including commercial conversion, live/work setup, or additional income-producing configuration (subject to approvals). In a zoning envelope like R6A, this flexibility is a major value driver.
The property’s layout and structure support stable multifamily ownership with clear upside through repositioning, rent optimization, or adaptive use of the lower level. Whether held as a long-term income asset or upgraded for higher-end tenancy, the fundamentals are solid: detached construction, parking, zoning depth, and usable square footage in a growing residential corridor.
A true value-add opportunity where location, zoning, and physical layout combine to create multiple paths to increase income and long-term equity.
Set on an expansive 27' x 125' lot, the property features a 20' x 68' building with a private front driveway and garage—an increasingly scarce amenity that immediately boosts both tenant appeal and long-term value. The building’s detached configuration provides excellent light, air, and privacy across all units, enhancing livability and rental demand.
A standout feature is the fully above-grade ground floor that spans the entire footprint of the building, complete with windows and natural light throughout. This space offers strong potential for a variety of uses, including commercial conversion, live/work setup, or additional income-producing configuration (subject to approvals). In a zoning envelope like R6A, this flexibility is a major value driver.
The property’s layout and structure support stable multifamily ownership with clear upside through repositioning, rent optimization, or adaptive use of the lower level. Whether held as a long-term income asset or upgraded for higher-end tenancy, the fundamentals are solid: detached construction, parking, zoning depth, and usable square footage in a growing residential corridor.
A true value-add opportunity where location, zoning, and physical layout combine to create multiple paths to increase income and long-term equity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$159,250
|
$42.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$42,000
|
$11.28
|
| Effective Gross Income |
$117,250
|
$31.48
|
| Taxes |
$9,639
|
$2.59
|
| Operating Expenses |
$20,000
|
$5.37
|
| Total Expenses |
$29,639
|
$7.96
|
| Net Operating Income |
$87,611
|
$23.53
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $159,250 |
| Annual Per SF | $42.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $11.28 |
| Effective Gross Income | |
|---|---|
| Annual | $117,250 |
| Annual Per SF | $31.48 |
| Taxes | |
|---|---|
| Annual | $9,639 |
| Annual Per SF | $2.59 |
| Operating Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $5.37 |
| Total Expenses | |
|---|---|
| Annual | $29,639 |
| Annual Per SF | $7.96 |
| Net Operating Income | |
|---|---|
| Annual | $87,611 |
| Annual Per SF | $23.53 |
Property Facts
Amenities
Site Amenities
- Courtyard
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,205 | - |
| 2+1 | 2 | $2,681 | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
746 E 215th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.