Listing Courtesy of Douglas Elliman Real Estate
$649,500
Est. payment /mo
9 Beds
7 Baths
New
751 E 224TH Street #ALL Bronx, NY 10466
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Wakefield
MLS Listing ID RLS20057518
Style Walk-Up
Bedrooms 9
HOA Fees $1/mo
HOA Y/N Yes
Year Built 1930
Property Sub-Type Triplex
Property Description
The Lennon Team presents an attractive value-add investment opportunity in the northern Bronx: this 7-unit building, situated at 751 E 224th St in the Wakefield, Bronx neighborhood, offers strong income potential with a nearly 100-year-old structure and favorable positioning for long-term investors. Key facts: 7 residential units in total. 3 stories, built in 1930. Approximate building area: 4,800 sq ft. Lot size: approx. 2,860 sq ft. Zoning R4; building class C1 (Walk-up apartments over six families, no stores). Located within ZIP code 10466, Bronx Community District 12. Investment Highlights Multi-Unit Format with Scale - At 7 units, the building offers scale beyond a typical small investor duplex or triplex, enabling better amortization of operating expenses and management overhead. Value-Add Opportunity - Built in 1930, this property likely presents opportunities for modernization (interiors, appliances, finishes), thereby increasing rental premiums and overall NOI. Northern Bronx Location - The Wakefield neighborhood of the Bronx offers access to NYC transit and a relatively lower entry cost compared to Manhattan, Brooklyn or more prominent Bronx sub-markets. Zoning and Conversion Flexibility - R4 zoning supports multi-unit usage; potential exists (subject to approvals) for repositioning amenities, enhancing curb appeal, or optimizing unit layouts.
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
Porch None
Private Pool No
Building
Story 3
Entry Level Tri-Level
Level or Stories Tri-Level
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 04838-0023
Ownership Rental Building
Monthly Total Fees $1
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by New York (LondonFosterNY.com)
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