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FREE MARKET ! VERY LOW TAXES!! 11 % CAP 864 E 221st St 14 Unit Apartment Building $4,448,864 CAD ($317,776 CAD/Unit) 10.56% Cap Rate Bronx, NY 10467
Investment Highlights
- 12 of 14 Free market units
- Legal basement that is fully above grade
- Extreamly low tax bill
- Fully Brick
Executive Summary
Welcome to 864 East 221st Street, a exceptional investment opportunity located in the heart of the Williamsburg section of the Bronx. We are pleased to present this impressive 15,750 square foot, 4-story building comprising 14 residential units, boasting a robust cap rate exceeding 11% CAP.
This outstanding property features a mix of predominantly three-bedroom layouts, offering ample living space for tenants. The building benefits from extremely low taxes, further enhancing its investment appeal. Situated on a quiet block, the property provides a tranquil environment for residents.
Projections indicate significant potential for cap rate growth, driven by the fact that most units are free market and currently rented to programs. This presents a compelling opportunity for savvy investors to capitalize on increasing cash flows and long-term appreciation.
Key Highlights:
* 15,750 square foot, 4-story building
* 14 residential units (12 Free Market)
* Cap rate exceeding 8.25%
* Predominantly three-bedroom layouts
* Extremely low taxes
* Quiet block location
* Projections for cap rate growth on lese renewals
Don't miss this rare opportunity to acquire a high-performing asset in a thriving neighborhood. Contact us today to schedule a viewing and make this exceptional property yours
This outstanding property features a mix of predominantly three-bedroom layouts, offering ample living space for tenants. The building benefits from extremely low taxes, further enhancing its investment appeal. Situated on a quiet block, the property provides a tranquil environment for residents.
Projections indicate significant potential for cap rate growth, driven by the fact that most units are free market and currently rented to programs. This presents a compelling opportunity for savvy investors to capitalize on increasing cash flows and long-term appreciation.
Key Highlights:
* 15,750 square foot, 4-story building
* 14 residential units (12 Free Market)
* Cap rate exceeding 8.25%
* Predominantly three-bedroom layouts
* Extremely low taxes
* Quiet block location
* Projections for cap rate growth on lese renewals
Don't miss this rare opportunity to acquire a high-performing asset in a thriving neighborhood. Contact us today to schedule a viewing and make this exceptional property yours
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$635,316
|
$40.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$635,316
|
$40.34
|
| Taxes |
$50,175
|
$3.19
|
| Operating Expenses |
$115,388
|
$7.33
|
| Total Expenses |
$165,563
|
$10.51
|
| Net Operating Income |
$469,753
|
$29.83
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $635,316 |
| Annual Per SF | $40.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $635,316 |
| Annual Per SF | $40.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $50,175 |
| Annual Per SF | $3.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $115,388 |
| Annual Per SF | $7.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $165,563 |
| Annual Per SF | $10.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $469,753 |
| Annual Per SF | $29.83 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $3,180 CAD | 700 |
| 3+1 | 11 | $3,750 CAD | 850 - 950 |
| 4+1 | 1 | $5,200 CAD | 850 - 950 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04679-0073 | Total Assessment | $504,716 CAD (2026) |
| Land Assessment | $79,672 CAD (2026) | Annual Taxes | $50,175 CAD ($3.19 CAD/SF) |
| Improvements Assessment | $425,043 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
04679-0073
Land Assessment
$79,672 CAD (2026)
Improvements Assessment
$425,043 CAD (2026)
Total Assessment
$504,716 CAD (2026)
Annual Taxes
$50,175 CAD ($3.19 CAD/SF)
Tax Year
2024
Contacts
-
Avraham Birnbaum -
Yaakov Pliner -
Reuben Lugassy -
Shaya Rosenberg -
Liron Iskhakbayev
-
Twelve Stones Realty LLC
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FREE MARKET ! VERY LOW TAXES!! 11 % CAP | 864 E 221st St
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