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.