Welcome to 721 E. 242nd Street, a rare four-family investment property nestled in the heart of Wakefield. Offering over 3,400 square feet of living space, this income-generating building combines classic Bronx character with exceptional potential. Situated on a quiet residential block, the property enjoys close proximity to Metro-North, subway lines, major roadways, local shops, dining, schools, and everyday conveniences. Whether you're an investor looking to expand your portfolio or a buyer seeking a property with substantial rental income, this multifamily residence delivers both versatility and opportunity in one of the Bronx's most established neighborhoods. This gem will not lastschedule your private viewing today!
| MLS # | 1015109 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1931 |
| Days On Site | 81 |
| Listing Provided By | Keller Williams Realty NYC Grp | Onyinyechi Ekpecham |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,460 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.06 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | See Remarks, Other |
| Interior Features | Other |
| Construction Materials | Block, Brick |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | Other |
| Utilities | See Remarks |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 318150 |
| Tax Annual Amount | 7631.8 |
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10470 |
| School District | Contact Agent |
| Elementary School | Ps 16 Wakefield |
| High School | Contact Agent |
| Listing VS Median (in 10470) | |
Price: $1,350,000 low | high Med: $787,500 sqft: 3,460 low | high Med: 1,415 $ / sqft: $390 low | high Med: $583 On site: 81 low | high Med: 207.5 | |
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10470 |
| School District | Contact Agent |
| Elementary School | Ps 16 Wakefield |
| High School | Contact Agent |
| Listing VS Median (in 10470) | |
Price: $1,350,000 low | high Med: $787,500 sqft: 3,460 low | high Med: 1,415 $ / sqft: $390 low | high Med: $583 On site: 81 low | high Med: 207.5 | |
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