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INVESTMENT HIGHLIGHTS
- 100 Foot frontage combined
- Additional income coming in from garage rental
- Around 11,000 of unused FAR
EXECUTIVE SUMMARY
Asset CRG Advisors, LLC, has been exclusively retained to market two prime multifamily buildings on an 11,417-square-foot lot in the highly desirable Williamsbridge neighborhood of the Bronx. 749 E 216th Street is a two-story, five-family building built in 1928, offering 3,350 square feet of well-maintained residential space. 755 E 216th Street is a two-story, three-family building with four garages, totaling 2,742 square feet of building space. Together, these properties provide stable rental income and strong long-term investment potential.
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$439,885
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$439,885
|
| Taxes |
$37,930
|
| Operating Expenses |
$82,564
|
| Total Expenses |
$120,494
|
| Net Operating Income |
$319,391
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $439,885 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $439,885 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,930 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $82,564 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $120,494 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $319,391 |
PROPERTY FACTS
| Price | $3,856,468 CAD | Status | Active |
| Price / SF | $1,151 CAD / SF | Number of Properties | 2 |
| Cap Rate | 6.27% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 3,350 SF |
| Price | $3,856,468 CAD |
| Price / SF | $1,151 CAD / SF |
| Cap Rate | 6.27% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,350 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 749 E 216th St, Bronx, NY 10467 | Multifamily | 3,350 SF | 1928 | - |
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749-755 E 216TH ST Bronx, NY 10467
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