1022 east 219th street Bronx, NY 10469
Multi-Family
MLS #: 1033848
Listed By CENTURY 21 Kafcos Realty
01-DSC_001
Property InformationDescription
Prime Bronx Investment Opportunity | High-Yield 8.8% 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: $1,575,000 Gross Annual Income (2026): $164,208 ($13,684/month) Annual Expenses (2025): $25,307 Net Operating Income (NOI): $138,901 Cap Rate: 8.8% Low-maintenance property with reliable rental history and strong cash flow from day one. Don't miss out on this high-performing asset!
Features
- Cross Docks: N
- Expenses: 25307.00
- For Auction: N
- Full Bathrooms: 5
- Garage Count: 2 Car Garage
- Gross Income: 176928.00
- Level Number: 3
- MLSID: 1033848
- Net Operating Income: 151621.00
- Parking Places: 4
- Price Upon Request: N
- Sewer: City
- Style: Multi-Family (5-20 Units)
- Sublease: N
- Total Units: 5
- Water: City Water
