856 E 213th Street,Bronx, NY 10467
Bronx, 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.
Details
| MLS # | 1015526 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2012 |
| Days On Site | 76 |
| Listing Provided By | Link NY Realty | Valon Nikci |
Features
| SQ Feet | 27,891 |
|---|---|
| Basement | Y |
| Units | 36 |
| Zoning | R6A |
| Acreage | 0.21 |
Interior
| Cooling | Central Air, Varies by Unit, Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Other |
|---|
Utilities
| Utilities | Electricity Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 1168650 |
| Tax Annual Amount | 3310.76 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10467 |
| Listing VS Median (in 10467) | |
Price: $6,480,000 low | high Med: $280,000 sqft: 27,891 low | high Med: 737 $ / sqft: $232 low | high Med: $382 On site: 76 low | high Med: 108.5 | |
Market Activity 10467
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10467 |
| Listing VS Median (in 10467) | |
Price: $6,480,000 low | high Med: $280,000 sqft: 27,891 low | high Med: 737 $ / sqft: $232 low | high Med: $382 On site: 76 low | high Med: 108.5 | |
 | $6,660,000715 E 214th StreetBronx, NY 10467 |