Contact Property

726 East 227th Street - Availability Details

726 East 227th Street , Bronx, NY 10466

  • For Sale $2,300,000
  • City Bronx
  • Neighborhood Wakefield
  • Zip Code 10466
  • Market Bronx
  • Property Type Multi-Family
  • Property Size 12,566 Sqft
  • Date Updated 28 May, 2021
The East Bronx, nestled between Pelham Bay Park and the New York Botanical Garden, has seen modest growth in recent years. The submarket recorded two years of solid net absorption and vacancies are at a record low of 0.8%. Investors are confident the submarket will continue to make strides. Investment volume has been consistent since 2011 and pricing is more than double its level from 2010. Rent growth has been consistent throughout this cycle and boomed in 2018. At roughly 4% for the year, the submarket ranked near the top of the metro. The presence of several healthcare facilities nearby could help protect fundamentals. There are also encouraging signs with respect to demographics, including the addition of a sizable number of Millennial households earning at least $50,000/year. Over the long run, the Penn Station Access Project should bolster demand by improving residents’ ease of access to West Midtown.
read more read less

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Bradley Balletto

Northeast Private Client Group

(203) 307-1574

Contact Listing Broker

broker

Bradley Balletto

Northeast Private Client Group

(203) 307-1574

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.