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856 E 213th St 36 Unit Apartment Building $6,480,000 ($180,000/Unit) 10.98% Cap Rate Bronx, NY 10467
Executive Summary
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 façade, 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.
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 façade, 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 Facts
| Price | $6,480,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $180,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 10.98% | Building Size | 27,891 SF |
| No. Units | 36 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Apartment | Parking Ratio | 0.04/1,000 SF |
| Zoning | R6A | ||
| Price | $6,480,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Cap Rate | 10.98% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 27,891 SF |
| No. Stories | 6 |
| Year Built | 2013 |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | R6A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 36 | - | - |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04671-0064 | Improvements Assessment | $964,800 |
| Land Assessment | $162,450 | Total Assessment | $1,127,250 |
Property Taxes
Parcel Number
04671-0064
Land Assessment
$162,450
Improvements Assessment
$964,800
Total Assessment
$1,127,250
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856 E 213th St