NOT LISTED FOR SALE

721 E 222nd St Bronx, NY 10467

Wakefield Neighborhood
6 Beds
5 Baths
3,150 Sq Ft
2,217 Sq Ft Lot

Last Sold March 25, 2024

Last sale price $1,050,000 $333 Per Sq Ft

11 Days on Market

Highlights

  • Window Unit Cooling System
  • Level Lot
  • 4-minute walk to 225 Street

About This Home

As of March 2024

Introducing 721 East 222nd Street, a legal 5-family gem in the Bronx, ready for an investor's touch. This three-level building, with a usable basement, is vacant and partially gutted, primed for transformation to maximize market rents. No rent-stabilized or controlled units, paving the way for income optimization. The building features a decade-strong roof and is prepped for tenant-paid utilities, with the oil tank removed and 6 gas/electric meters installed. Con Edison is set to enhance power with a 600amp triple-phase service upgrade. Located near the 2/5 subway lines, the property ensures easy commute, boosting tenant appeal. It offers one parking spot and a spacious storage shed, adding convenience. This property is an investor's canvas, ready to be transformed into a lucrative asset in a resilient and growing borough. Seize this opportunity to be part of the Bronx renaissance.

Last Agent to Sell the Property

Michael Moretti

eRealty Advisors, Inc Brokerage Phone: (914) 712-6330 License #10301215006 Listed on: 02/08/2024

eRealty Advisors, Inc

Last Buyer's Agent

Michael Moretti

eRealty Advisors, Inc Brokerage Phone: (914) 712-6330 License #10301215006 Listed on: 02/08/2024

eRealty Advisors, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,051

Year Built

  • Built in 1930

Lot Details

  • 2,217 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • Driveway

Home Design

  • 3,150 Sq Ft Home
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04836-0036

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,051

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1930
  • Attribution Contact: (914) 712-6330
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Living Area: 3150
  • SquareFootage: 3150.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: None, Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, None
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2217
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 04836-0036
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 5
  • Separate Electric Meters: 6
  • Separate Gas Meters: 6
  • NumberOf1Bedrooms: 4
  • NumberOf2Bedrooms: 2
  • NumberOf3Bedrooms: 0
  • NumberOf4Bedrooms: 0

Tax Info

  • Tax Annual Amount: 7051
  • Tax Map Number: 04836-0036
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2024 03/25/24 Sold $1,050,000 0.0% $333 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/12/2024 02/12/24 Off Market $1,050,000 -- --
02/08/2024 02/08/24 For Sale $1,299,999 0.0% $413 / Sq Ft
12/10/2015 12/10/15 For Rent $1,250 -1.6% --
12/10/2015 12/10/15 Rented $1,270 -- --
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Moretti

    Seller's Agent in 2024

    Michael Moretti

    eRealty Advisors, Inc

    (914) 539-5912

    1 in this area

    23 Total Sales

    Michael Moretti
    Section Image

  • N

    Seller's Agent in 2015

    Nikolas Stanovic

    Howard Hanna Rand Realty

    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6288297

OneKey® MLS
New York Bronx County Bronx 10466 Wakefield

721 E 222nd St, Bronx, NY

Not Listed for Sale

MultiFamily

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