856 E 213th St - Apartments FOR SALE


Bronx, NY 10467- Williamsbridge
$6,480,000 USD
646-321-9428
856 E 213th St, Bronx, NY for Sale
$6,480,000 USD
Apartments - FOR SALE
1/10
null | 10.98% Cap Rate

856 E 213th St
Bronx, NY 10467
Williamsbridge


OVERVIEW

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 façade, 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.

FOR SALE DETAILS

PRICE

$6,480,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

36

PRICE/UNIT

$180,000

CAP RATE

10.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2013

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,278 SF

ZONING

R6A

APN/PARCEL ID

04671-0064

ASK ABOUT THIS PROPERTY

Valon NikciLink NY RealtyMore Info
646-321-9428

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Valon NikciLink NY RealtyMore Info
646-321-9428

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