661 E 222nd St - Apartments FOR SALE


Bronx, NY 10467- Wakefield
$995,000 USD
203-486-9039
661 E 222nd St, Bronx, NY for Sale
$995,000 USD
Apartments - FOR SALE
1/13
null | 6.97% Cap Rate

661 E 222nd St
Bronx, NY 10467
Wakefield


HIGHLIGHTS

  • 7-Unit Multi-Family Building
  • Strong Rental Market
  • Urban Infill Location with Excellent Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 661 East 222nd Street in the Bronx, New York (the “Property”). The Property consists of a three-story, brick building containing seven (7) residential units comprised of three (3), 2-Bedroom/1-Bathroom units and four (4), 1-Bedroom/1-Bathroom units with 4,434 square feet of living area on a 0.057-acre parcel. 661 East 222nd Street is fully occupied, offering an immediate cash-flow opportunity in a high-demand, supply-constrained market. 661 East 222nd Street is situated in an incredible urban infill location right at the border of the Wakefield and Olinville neighborhoods in the Bronx. The Property is down the street from the intersection of East 222nd Street with White Plains Road, a major north-south throughfare that runs the length of the Bronx. White Plains Road is home to extensive array of national and local retailers, dining, and entertainment amenities within walking distance. Several municipal bus lines stop near the Property on White Plains Road, and the 219th and 225th Street Subway Stations are both less than a quarter mile away, offering service on the 2 and 5 Trains through Manhattan and into Brooklyn.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,143

CAP RATE

6.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,753 SF

ZONING

R6A

APN/PARCEL ID

04824-0024

ASK ABOUT THIS PROPERTY

Tom ConnorHorvath & TremblayMore Info
203-486-9039

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Tom ConnorHorvath & TremblayMore Info
203-486-9039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.