Robert Lawrence
Robert Lawrence
Call: (516) 902-8081
Text: (516) 902-8081
BEDS0
BATHS
MLS#1033848
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property Description
Prime Bronx Investment Opportunity | High-Yield 8.24% Cap Rate!Incredible turn-key investment opportunity in the Bronx! This well-maintained, 5-family brick walk-up building features free-market rents, excellent collection history, and major mechanical upgrades already completed.Key Building Features:Upgrades: New roof, new garage roof, new windows, upgraded electrical service (meters & panels), upgraded gas service, new gas steam boiler, 2 new gas hot water heaters, and a security camera system.Property Layout: Includes five residential units 3BD, 2BD, 1BD, 1BD, Studio, plus 2 single-car garages generating additional income.Financial Snapshot:Asking Price: $1,685,000Gross Annual Income (2026): $164,208 ($13,684/month)Annual Expenses (2025): $25,307Net Operating Income (NOI): $138,901Cap Rate: 8.24%Low-maintenance property with reliable rental history and strong cash flow from day one. Don't miss out on this high-performing asset! Contact listing agent for setup details or to schedule a walkthrough.
Property Features
Property Type: Commercial -
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Stories: 3.0
Taxes: $6,850
Year Built: 1925
Feature Descriptions
Appliances: Gas Oven, Refrigerator
Building Area Total: 2940
Building Features: Balcony
Exterior: Brick
Flooring: Ceramic Tile, Combination, Hardwood, Laminate
Fuel Expense: 5747
Heating Units: 1
Heating Zones: 1
On Market Date: 2026-08-03
Other Structures: Garage(s)
Parcel Number: 04701-0043
Parking Features: Garage
Property Attached Y/N: 1
Rental Term: Monthly
Security Features: Video Cameras
Separate Electric Meters: 6
Separate Gas Meters: 6
Sewer: Public Sewer
Tenant Pays: Electricity, Gas
Units: 5
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Contact Agent
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Listed By / Shown By
Listing By
Agency Name: Century 21 Kafcos Realty
Agency Contact: 718-518-9101
Shown By
Agent Name: Robert Lawrence
Agent Phone: (516) 902-8081
Agency Title: Laffey Real Estate
1022 E 219th Street | MLS# 1033848
This commercial property located at 1022 E 219th Street , Bronx, NY 10469 is currently listed for sale with an asking price of $1,685,000. E 219th Street is located within the Contact Agent school district. Search Bronx real estate on robertlawrence.laffey.com today.