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749-755 E 216TH ST Bronx, NY 10467 1 Multifamily Properties Offered at $2,800,000 in Bronx, NY
INVESTMENT HIGHLIGHTS
- 100 Foot frontage combined
- Additional income coming in from garage rental
- Around 11,000 of unused FAR
EXECUTIVE SUMMARY
Asset CRG Advisors, LLC, has been exclusively retained to market two prime multifamily buildings on an 11,417-square-foot lot in the highly desirable Williamsbridge neighborhood of the Bronx. 749 E 216th Street is a two-story, five-family building built in 1928, offering 3,350 square feet of well-maintained residential space. 755 E 216th Street is a two-story, three-family building with four garages, totaling 2,742 square feet of building space. Together, these properties provide stable rental income and strong long-term investment potential.
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) |
ANNUAL |
|---|---|
| Gross Rental Income |
$319,380
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$319,380
|
| Taxes |
$27,539
|
| Operating Expenses |
$59,946
|
| Total Expenses |
$87,485
|
| Net Operating Income |
$231,895
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $319,380 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $319,380 |
| Taxes | |
|---|---|
| Annual | $27,539 |
| Operating Expenses | |
|---|---|
| Annual | $59,946 |
| Total Expenses | |
|---|---|
| Annual | $87,485 |
| Net Operating Income | |
|---|---|
| Annual | $231,895 |
PROPERTY FACTS
| Price | $2,800,000 | Status | Active |
| Price / SF | $835.82 / SF | Number of Properties | 2 |
| Cap Rate | 6.27% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 3,350 SF |
| Price | $2,800,000 |
| Price / SF | $835.82 / SF |
| Cap Rate | 6.27% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,350 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 749 E 216th St, Bronx, NY 10467 | Multifamily | 3,350 SF | 1928 | - |
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749-755 E 216TH ST Bronx, NY 10467
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