746 E 215th St 5 Unit Apartment Building Offered at $1,922,036 CAD at a 9.48% Cap Rate Bronx, NY 10467

746 E 215th Street is a rare, fully detached 4-family property offering scale, flexibility, and serious upside in a strong R6A zoning district in the Bronx.
Set on an expansive 27' x 125' lot, the property features a 20' x 68' building with a private front driveway and garage—an increasingly scarce amenity that immediately boosts both tenant appeal and long-term value. The building’s detached configuration provides excellent light, air, and privacy across all units, enhancing livability and rental demand.
A standout feature is the fully above-grade ground floor that spans the entire footprint of the building, complete with windows and natural light throughout. This space offers strong potential for a variety of uses, including commercial conversion, live/work setup, or additional income-producing configuration (subject to approvals). In a zoning envelope like R6A, this flexibility is a major value driver.
The property’s layout and structure support stable multifamily ownership with clear upside through repositioning, rent optimization, or adaptive use of the lower level. Whether held as a long-term income asset or upgraded for higher-end tenancy, the fundamentals are solid: detached construction, parking, zoning depth, and usable square footage in a growing residential corridor.
A true value-add opportunity where location, zoning, and physical layout combine to create multiple paths to increase income and long-term equity.