Seller's Agent in 2024
Michael Moretti
eRealty Advisors, Inc
(914) 539-5912
1 in this area
18 Total Sales
721 E 222nd St Bronx, NY 10467
Wakefield Neighborhood
6
Beds
5
Baths
3,150
Sq Ft
2,217
Sq Ft Lot
Highlights
- Window Unit Cooling System
- Level Lot
- 4-minute walk to 225 Street
About This Home
As of March 2024Introducing 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
eRealty Advisors, Inc Brokerage Phone: (914) 712-6330 License #10301215006 Listed on: 02/08/2024
Last Buyer's Agent
eRealty Advisors, Inc Brokerage Phone: (914) 712-6330 License #10301215006 Listed on: 02/08/2024
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 8, 2024
Closed on
Mar 25, 2024
Sold by
Bought by
Seller's Agent
Michael Moretti
eRealty Advisors, Inc
Buyer's Agent
Michael Moretti
eRealty Advisors, Inc
List Price
$1,299,999
Sold Price
$1,050,000
Premium/Discount to List
-$249,999
-19.23%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.069%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2022
Sold by
Bought by
Purchase Details
Closed on
Aug 27, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
0.0654%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,050,000 | -- | ||
| $232,437 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $131,250 | ||
| Closed | $1,200,000 | ||
| Closed | $340,000 | ||
| Closed | $160,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,380 | $80,755 | $1,045 | $79,710 |
| 2025 | $8,770 | $75,043 | $1,165 | $73,878 |
| 2024 | $8,770 | $70,149 | $1,126 | $69,023 |
| 2023 | $8,228 | $67,074 | $1,256 | $65,818 |
| 2022 | $7,600 | $200,250 | $4,500 | $195,750 |
| 2021 | $0 | $235,440 | $4,500 | $230,940 |
| 2020 | $7,200 | $190,620 | $4,500 | $186,120 |
| 2019 | $6,806 | $190,620 | $4,500 | $186,120 |
| 2018 | $6,562 | $51,595 | $1,462 | $50,133 |
| 2017 | $6,078 | $47,784 | $1,422 | $46,362 |
| 2016 | $6,160 | $47,784 | $1,527 | $46,257 |
| 2015 | $3,703 | $44,404 | $1,428 | $42,976 |
| 2014 | $3,703 | $41,509 | $1,603 | $39,906 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Moretti
-
N
Seller's Agent in 2015
Nikolas Stanovic
Howard Hanna Rand Realty
Map
Source: OneKey® MLS
MLS Number: KEY6288297
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Copyright 2026 OneKey® MLS. All rights reserved.
Based on information submitted to the MLS GRID
Listings courtesy of OneKey® MLS as distributed by MLS GRID
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