Property Description

Prime Wakefield Investment - 7-Unit Income-Producing Property Near Transit. Exceptional opportunity to own a brick 3-story multifamily building in the Wakefield section of the Bronx-one of the city's strongest and most consistent rental markets. 7 total income-generating units, including: Five 2-bedroom apartments One 1-bedroom apartment Bonus 2-bedroom unit in the basement Perfect for investors seeking strong cash flow, portfolio expansion, or owner-occupants looking to offset living costs with rental income. Gross Rental Income: $169,020 annually Total Expenses: $58,427.72 Net Operating Income (NOI): $110,592.28 Cap Rate: ~7.1% GRM (Gross Rent Multiplier): ~9.2 Major capital improvements completed (boiler, roof, gas lines, oil tanks). Just 2 blocks from the Nereid Ave / White Plains Rd station (2 & 5 trains), offering a quick and convenient commute throughout NYC. Surrounded by local shops, restaurants, schools, and public transportation, making it extremely attractive to tenants.

Property Features