Ronald Garafalo - John J Lease Realtors Logo
New Listing
$1,450,000
 $7,784 est/mo Sourced by Back At You

719 E 242nd Street,Bronx, NY 10470

Bronx, NY 10470

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Description

Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit. Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy. Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!

Details

MLS #1047740
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1931
Days On Site7
Listing Provided ByKeller Williams Realty Group | Michael A. Brown

Features

Bed(s)6
Bath(s) 3 Total
SQ Feet3,460
BasementY
Units4
Acreage0.06

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas
Interior FeaturesFirst Floor Bedroom, First Floor Full Bath

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo
Parking FeaturesNone

Utilities

UtilitiesElectricity Connected, Natural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value315000
Tax Annual Amount15903.08

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10470
School DistrictAcad-Scholarship & Entrepreneurs
Elementary SchoolPs 16 Wakefield
High SchoolAcad-Scholarship & Entrepreneurs
Listing VS Median (in 10470)
Price:
$1,450,000
low | high
Med:
$787,500
95.689655172414% of Average
sqft:
3,460
low | high
Med:
1,415
100% of Average
$ / sqft:
$419
low | high
Med:
$583
10.888698038199% of Average
On site:
7
low | high
Med:
207.5
3.373493975904% of Average
Sourced by Back At You

Market Activity 10470

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Learn More About This Property

Ronald Garafalo

Ronald Garafalo

John J Lease REALTORS

 (845) 283-1279rongarafalo@johnjleaserealtors.com
StateNY
CountyBronx County
CityBronx
Zip Code10470
School DistrictAcad-Scholarship & Entrepreneurs
Elementary SchoolPs 16 Wakefield
High SchoolAcad-Scholarship & Entrepreneurs
Listing VS Median (in 10470)
Price:
$1,450,000
low | high
Med:
$787,500
95.689655172414% of Average
sqft:
3,460
low | high
Med:
1,415
100% of Average
$ / sqft:
$419
low | high
Med:
$583
10.888698038199% of Average
On site:
7
low | high
Med:
207.5
3.373493975904% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.87M - $1.812M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
721 E 242nd Street Property Photo 1
$1,350,000
721 E 242nd Street
Bronx, NY 10470
4779 White Plains Road Property Photo 1
$2,500,000
4779 White Plains Road
Bronx, NY 10470
4779 White Plains Road Property Photo 1
$2,500,000
4779 White Plains Road
Bronx, NY 10470
Listing Updated: September 10, 2026 at 9:33:26 AM PDT

Ronald Garafalo - John J Lease Realtors