Contacts
Link NY Realty
Property Details
- Property Type Multi-Family
- Property Size 24,302 SF
- Lot Size 0.14 Acre
- Cap Rate % 9.15
- Rental Income / YR $58,319.00
- Year Built 2013
- Date Updated Jun 22, 2026
715 East 214th Street is an excellent multifamily investment opportunity in the thriving Wakefield section of the Bronx. This well-maintained elevator building consists of 37 residential apartments across a diverse unit mix of 19 studios, 9 one-bedrooms, and 9 two-bedrooms, delivering strong in-place cash flow and stable occupancy.
The property is 100% occupied with many units held by long-term tenants supported through established housing organizations and government-assisted programs, providing dependable and predictable rental income. The building currently generates $58,319 per month ($699,826 annually) in gross rental income.
Operating at an 87%+ NOI margin, the building demonstrates exceptional operational efficiency. Tenants pay heat and electric, keeping landlord expenses low. Conveniently located one block from the 225th Street subway station (2/5 lines) with Metro-North access ~25 min to Grand Central, making it one of Wakefield's most accessible locations.
Reach out to the broker for more info on lease terms and amenities
Getting around
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90/100
Walk Score ®
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97/100
Transit Score ®
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77/100
Bike Score ®
Location
- City Bronx, NY
- Neighborhood Williamsbridge
- Zip Code 10467
- Market Bronx
Points of Interest
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Williams Bridge
0.37 miles
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Norwood–205th Street
0.85 miles
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Woodlawn
0.89 miles
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233rd Street
1.00 miles
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Mosholu Parkway
1.08 miles
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Gun Hill Road
1.16 miles
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Bedford Park Boulevard
1.29 miles
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Bedford Park Blvd.
1.34 miles
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Bedford park Blvd.
1.35 miles
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Baychester Avenue & Tillotson Avenue (Exit only)
1.37 miles
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Mobil
1.10 miles
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BP
1.28 miles
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Speedway
1.40 miles
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Gulf
1.40 miles
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171
1.42 miles
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Sunoco
1.65 miles
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Shell
1.73 miles
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Delta
1.76 miles
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Tesla Supercharger
2.17 miles
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plugNYC
8.33 miles
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Peter Jay Sharp Building
1.32 miles
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Parking Area A
1.63 miles
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Fordham Regional Parking Facility
1.70 miles
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Bronx River Parking
1.91 miles
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Broadway Parking Garage
1.95 miles
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Jerome – 190th Street Municipal Parking Garage
2.21 miles
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Southern Boulevard Parking
2.25 miles
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Asia Parking
2.39 miles
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NYPD Bronx Tow Pound
2.49 miles
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Department of Sanitation District 6 Garage
2.86 miles
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El Rancho Motel
0.14 miles
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Days Inn
0.41 miles
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Crown Motor Inn
0.73 miles
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Rodeway Inn
0.98 miles
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Ramada
1.71 miles
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Metro Motel
1.80 miles
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Bronx Park Motel
1.85 miles
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Pelham Garden Motel
2.15 miles
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Residence Inn The Bronx
2.35 miles
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Hutchinson - Whitestone Motel
2.86 miles
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Fine Fare
0.13 miles
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Food Town
0.18 miles
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Foodverse Market
0.51 miles
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Foodtown of Bainbridge
0.89 miles
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Key Foods
0.97 miles
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Palm Tree Marketplace
1.20 miles
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Fine Fare Supermarket
1.23 miles
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C-Town
1.24 miles
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Fine Fair Supermarkets
1.26 miles
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Burlington
1.87 miles
Link NY Realty