Douglas Elliman has been retained to sell 770 East 214th Street, a newly constructed walk-up multifamily property located in the Williamsbridge neighborhood of The Bronx. The building is located on the south side of the street between Barnes Ave and Holland Ave, a block away from White Plains Road.
770 East 214th Street is a 6,500 square foot property measuring 25' x 65' on a 25' x 100' lot. The building is a four story walk-up, featuring ten free market apartments. Apartment configuration include five studios and five, 1 bedroom units.
The building is fully occupied with low operating cost, which makes for an excellent 1031 exchange. Additionally, it's under tax class 2B, which provides investors with a limitation on tax increases in the future.
Adjacent to Van Courtland Park Golf Course, this prime Williamsbridge neighborhood location features multiple transportation options, including access to the MTA's number 2 and 5 train lines and Metro-North Harlem and New Haven lines. The neighborhood features a variety of nearby restaurants, hotel and retail offerings.