Multi Family 5+ in Bronx County
| MLS Number | 1033848 |
|---|---|
| Address | 1022 E 219th Street, Bronx, NY 10469 show map |
| Price | $1,685,000 show mortgage calculator |
| Acres | 0.06010101010101 |
| Year Built | 1925 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $6,850 |
| Total Apt Units | 5 |
Prime Bronx Investment Opportunity | High-Yield 8.24% Cap Rate! Incredible turn-key investment opportunity in the Bronx! This well-maintained, 5-family brick walk-up building features free-market rents, excellent collection history, and major mechanical upgrades already completed. Key Building Features: Upgrades: New roof, new garage roof, new windows, upgraded electrical service (meters & panels), upgraded gas service, new gas steam boiler, 2 new gas hot water heaters, and a security camera system. Property Layout: Includes five residential units 3BD, 2BD, 1BD, 1BD, Studio, plus 2 single-car garages generating additional income. Financial Snapshot: Asking Price: $1,685,000 Gross Annual Income (2026): $164,208 ($13,684/month) Annual Expenses (2025): $25,307 Net Operating Income (NOI): $138,901 Cap Rate: 8.24% Low-maintenance property with reliable rental history and strong cash flow from day one. Don’t miss out on this high-performing asset! Contact listing agent for setup details or to schedule a walkthrough.
Balcony/Terrace, Garage
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