760 E 232nd ST, Bronx, NY 10466
760 E 232nd ST, Bronx, NY 10466
760 E 232nd ST, Bronx, NY 10466
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$1,500,000
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3,724 Sqft Lot
Pending

760 E 232nd ST Bronx, NY 10466

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Jose Agudo

Jose Agudo

+1(917) 674-8131

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Wakefield

MLS Listing ID 895902

Rental Info No

Year Built 1926

Annual Tax Amount $27,431

Lot Size 3,724 Sqft

Acres 0.0855

Property Sub-Type Multi Family

Source onekey2

Property Description

**Exceptional North Bronx Multifamily Investment Opportunity — 12-Unit Rent-Stabilized Brick Building**

Presenting 760 E 232nd Street: a well-maintained, solid brick 12-unit multifamily property located in the Wakefield section of the Bronx. This rent-stabilized building offers a rare blend of in-place cash flow with meaningful upside through unit turnover and operational optimization.

The unit mix includes:

* **(3) Vacant Units** – Immediate lease-up or value-add repositioning opportunity
* **(1) 3BR Unit** – Will be delivered vacant
* **(8) Stabilized/Rented Units** with diversified rent rolls:

* 1BRs renting at \$859, \$1,113 (ERAP), \$1,198, \$1,233, and \$1,336
* 2BRs renting at \$1,117, \$1,521, and \$2,174 (lease through 2026)
* (1) 2BR in active eviction – Legal in process

Several units are month-to-month or have upcoming lease expirations, positioning a savvy investor to gradually reset rents to market while preserving asset stability.

The building offers **strong fundamentals**, low turnover risk, and is situated in a **transit-friendly corridor** near the 2 and 5 trains, Metro-North, major bus lines, and key Bronx retail. With continued demand for affordable housing in the Bronx, this asset is well-positioned to outperform over time.

**Key Highlights:**

* Solid brick construction
* Stabilized asset with immediate upside
* 25% vacancy and additional unit turnover potential
* No major deferred maintenance reported
* Rent roll diversification with growth opportunity

This is a **prime hold for multifamily operators**, 1031 exchange buyers, and fund managers seeking solid in-place returns and long-term value appreciation in one of NYC's most resilient rental submarkets.

Location

State NY

County Bronx County

Rooms

Basement Full

Interior

Heating Steam

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Building

Story 4

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Realty Group • Michael A. Brown

NEARBY SCHOOL & BUSINESS

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Jose Agudo

Jose Agudo

Agent

+1(917) 674-8131

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760 E 232nd ST

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