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CAP RATE OF OVER 10%
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.
| Listed | September 8, 2026 |
| Days on Market | 9 |
| Last Updated | September 9, 2026 |
Full public sale/price history isn't available through our listing feed for this property.
Drag the sliders above to model your own purchase price, term, down payment, and rate — the numbers update live. For a precise breakdown, use our NYC Buyer Closing Cost Calculator and Commission Rebate Calculator.
715 E 214th Street – For Sale
715 E 214th Street – For Sale
Due to recent rule changes, buyer agent commissions are no longer advertised on the MLS. NestApple estimates your rebate as up to 2% of the purchase price, based on our standard commission-sharing arrangement. Prior to any showing, we will confirm the exact commission and rebate amount with the listing agent and with you in writing. Commissions are not set by law and are fully negotiable. Listing information for this property is sourced via the REBNY RLS, which does not fix, control, recommend, suggest or maintain any commission rates and/or fees for services, and is not the source of any commission information.
Closed-sale data isn't available through our current listing feed for this neighborhood.
