746 East 214th Street is a multifamily property located in the Williamsbridge neighborhood of The Bronx. This four-story walk-up building encompasses 6,921 square feet and is situated on a 25' x 100' lot. It features ten free market apartments, comprising five studios and five one-bedroom units. The property is fully occupied, offering low operating costs, making it an attractive option for investors, particularly for a 1031 exchange. Additionally, it falls under tax class 2B, which limits future tax increases.
Positioned adjacent to Van Courtland Park Golf Course, the building benefits from a prime location with multiple transportation options, including access to the MTA's number 2 and 5 train lines and the Metro-North Harlem and New Haven lines. The surrounding area boasts a variety of restaurants, hotels, and retail offerings, enhancing the appeal of the neighborhood.
With its affordable rents and direct subway service to Manhattan, 746 East 214th Street presents a compelling opportunity for both residents and investors alike. The building's recent construction, just two years old, adds to its desirability in a market that values modern amenities and accessibility.