642 E 223rd St Bronx, NY 10466
Wakefield NeighborhoodEstimated payment $7,828/month
About This Home
Unrivaled Development Potential meets Solid Rental Income! This massive, fully detached brick legal 4-family home is situated in a rapidly evolving pocket of the Bronx. While currently operating as a high-income generating 4-unit property, recent zoning changes in the area provide a rare "value-add" opportunity for savvy investors to potentially convert this structure into a 6-9 unit residential building. The building is thoughtfully configured to maximize space: First Floor: Features two units—a spacious 1-bedroom apartment and a comfortable 2-bedroom apartment. Second Floor: Features two units—a 1-bedroom apartment and a large 3-bedroom apartment perfect for a primary resident or premium rental. Bonus Space: A full, finished basement offers incredible versatility for storage, utilities, or recreation. Key Features: Legal 4-Family with 6-9 unit conversion potential (verify with architect/Zoning). All-brick construction for durability and low maintenance. Detached layout providing excellent natural light on all sides. Private backyard and finished basement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,170
Year Built
- Built in 1929
Lot Details
- 2,536 Sq Ft Lot
Parking
- Driveway
Home Design
- Quadruplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- 4 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Additional Features
- Finished Basement
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 04824-0059
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,576 | $153,356 | $74,987 | $78,369 |
| 2024 | $18,576 | $148,587 | $60,994 | $87,593 |
| 2023 | $16,880 | $137,608 | $65,481 | $72,127 |
| 2022 | $15,593 | $269,550 | $119,700 | $149,850 |
| 2021 | $0 | $231,750 | $119,700 | $112,050 |
| 2020 | $14,714 | $237,600 | $119,700 | $117,900 |
| 2019 | $14,415 | $198,180 | $119,700 | $78,480 |
| 2018 | $13,463 | $105,852 | $76,721 | $29,131 |
| 2017 | $12,469 | $98,033 | $74,505 | $23,528 |
| 2016 | $11,702 | $90,772 | $74,065 | $16,707 |
| 2015 | $7,597 | $90,743 | $74,729 | $16,014 |
| 2014 | $7,597 | $87,922 | $86,941 | $981 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2026 01/16/26 | For Sale | $1,200,000 | 0.0% | $366 / Sq Ft |
| 06/27/2025 06/27/25 | Rented | $2,612 | +2.4% | -- |
| 04/24/2025 04/24/25 | Under Contract | -- | -- | -- |
| 04/11/2025 04/11/25 | For Rent | $2,550 | 0.0% | -- |
| 04/11/2025 04/11/25 | Off Market | $2,550 | -- | -- |
| 03/11/2025 03/11/25 | For Rent | $2,550 | 0.0% | -- |
| 02/27/2025 02/27/25 | For Rent | $2,550 | 0.0% | -- |
| 02/25/2025 02/25/25 | Under Contract | -- | -- | -- |
| 02/21/2025 02/21/25 | Off Market | $2,550 | -- | -- |
| 02/16/2025 02/16/25 | For Rent | $2,550 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $407,000 | -- | |
| Deed | $407,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $220,000 | Lawyers Title Insurance Corp | |
| Deed | $220,000 | Lawyers Title Insurance Corp | |
| Deed | $48,000 | -- | |
| Deed | $48,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,711 | Purchase Money Mortgage | |
| Closed | $400,711 | Purchase Money Mortgage | |
| Previous Owner | $212,475 | FHA |
Source: OneKey® MLS
MLS Number: 952682
APN: 04824-0059
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