759 E 221st Street, Bronx, NY 10467
Local realty services provided by:ERA Insite Realty Services
759 E 221st Street,Bronx, NY 10467
$2,500,000
- - Beds
- - Baths
- 7,122 sq. ft.
- Multi-family
- Active
Listed by: nadir a. khan
Office: x-cap realty llc.
MLS#:941269
Source:OneKey MLS
Price summary
- Price:$2,500,000
- Price per sq. ft.:$351.02
About this home
Prime 7-family investment opportunity with three adjacent R5-zoned vacant lots in Williamsbridge, Bronx – ideal for long-term income, future development, or a sizable assemblage near the 2 train and major local amenities.
7-Family Building Overview:
Welcome to 759 E 221st Street, a solid 3-story, 7-unit residential building on a generous 50 x 100 ft (approx.) lot in the heart of Williamsbridge/Olinville, Bronx R5 zoning district. Built in 1928 and offering approximately 7,100+ sq ft of interior space, this property is perfect for investors seeking stable cash flow in a strong rental market with consistent demand for multifamily housing.
The building currently contains seven residential units in a classic Bronx walk-up configuration, with a mix of layouts suitable for long-term tenants and strong rent rolls. Wide frontage and a deep lot provide potential for outdoor yard use, storage, or future upgrades, subject to approvals.
Location & Neighborhood:
Situated on a quiet, residential block between White Plains Road and Barnes Avenue, the property benefits from a true neighborhood feel while remaining close to shopping, dining, and everyday services along White Plains Road and surrounding avenues. Public transportation is excellent, with the nearby 2 train providing easy access to Manhattan and other parts of the Bronx, making this address highly attractive to renters and commuters.
Schools, parks, and community facilities are all within a short distance, supporting strong rental demand from families and working professionals who want convenience without sacrificing a residential environment.
Adjacent Vacant Lots:
Immediately next to the building are three separate vacant R5-zoned lots, each approximately 18 x 114.25 ft (about 2,856 sq ft per lot), offering a rare ground-up development opportunity on the same block. Each lot is offered at $700,000 individually, making them attractive for buyers looking to build one-, two-, or three-family homes or small multifamily structures, subject to zoning and DOB approvals.
These lots are level, with survey information available from prior marketing of similar parcels on East 221st Street, and are surrounded by a mix of two- and three-story homes and mid-rise multifamily buildings, supporting a variety of development strategies.
Assemblage & Development Potential:
A unique advantage of this offering is the ability to acquire the 7-family building together with one, two, or all three of the vacant lots for a combined package. A buyer can hold the existing 7-family as an income-producing asset while planning phased development of the adjacent land. R5 zoning on this block allows for a range of low- to medium-density residential development, creating potential to add multiple new units and significantly increase total rentable square footage over time, subject to FAR, zoning analysis, and professional verification.
For developers and 1031 buyers, the assemblage offers flexibility: build additional one- to three-family homes, a small multifamily building, or a series of townhome-style rentals, all steps from transit and neighborhood amenities in a proven rental submarket.
Asking & Showing Information:
The 7-family building is being offered with an asking price up to approximately $2,500,000, reflecting its size, location, and income potential in a strong Bronx rental corridor. The three adjacent vacant lots are offered at $700,000 each, with the option for a special combined price for buyers interested in purchasing the building and land together as a single package. All information is subject to independent verification; buyers and their architects/engineers should confirm all zoning, FAR, and development potential directly with the appropriate professionals and city agencies.
Private showings and detailed financials are available to qualified buyers by appointment only.
Contact an agent
Home facts
- Year built:1928
- Listing ID #:941269
- Added:1 day(s) ago
- Updated:December 04, 2025 at 09:38 PM
Rooms and interior
- Living area:7,122 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1928
- Building area:7,122 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$351.02
- Tax amount:$10,724 (2025)
New listings near 759 E 221st Street
- New
$1,280,000Active5 beds 2 baths1,900 sq. ft.2214 Hermany Avenue, Bronx, NY 10473
MLS# 941350Listed by: KELLER WILLIAMS REALTY GREATER - New
$869,000Active4 beds 2 baths1,600 sq. ft.2437 Buck Street, Bronx, NY 10461
MLS# 940379Listed by: SCHUNK REALTY GROUP - New
$2,299,000Active0.14 Acres365 E 197th Street, Bronx, NY 10458
MLS# 941243Listed by: PROMINENT PROPERTIES SOTHEBY'S - Open Sat, 1 to 2pmNew
$379,000Active3 beds 1 baths1,100 sq. ft.99 Metropolitan Oval #8F, Bronx, NY 10462
MLS# 931868Listed by: KELLER WILLIAMS REALTY GROUP - New
$875,000Active3 beds 5 baths4,450 sq. ft.610 City Island Avenue, Bronx, NY 10464
MLS# 940933Listed by: RE/MAX CITY SQUARE - Open Fri, 3:30 to 5:30pmNew
$699,000Active3 beds 1 baths1,440 sq. ft.941 Revere Avenue, Bronx, NY 10465
MLS# 935405Listed by: DOUGLAS ELLIMAN REAL ESTATE - New
$750,000Active4 beds 3 baths1,890 sq. ft.4183 Murdock Avenue, Bronx, NY 10466
MLS# 940416Listed by: EMRAN ESTATES REALTY - Open Sun, 1 to 3pmNew
$750,000Active3 beds 2 baths1,248 sq. ft.2027 Mayflower Avenue, Bronx, NY 10461
MLS# 941054Listed by: COLDWELL BANKER REALTY - New
$170,000Active1 beds 1 baths750 sq. ft.5644 Netherland Avenue #4B, Bronx, NY 10471
MLS# 941037Listed by: DOUGLAS ELLIMAN REAL ESTATE
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.