Cap Rate Of Over 10% 715 East 214th Street Is An Excellent Multifamily Investment Opportunity In The Thriving Wakefield Section Of The Bronx. This Well-maintained Elevator Building Consists Of 37 Residential Apartments Across A Diverse Unit Mix Of 19 Studios, 9 One-bedrooms, And 9 Two-bedrooms, Delivering Strong In-place Cash Flow And Stable Occupancy. The Property Is 100% Occupied With Many Units Held By Long-term Tenants Supported Through Established Housing Organizations And Government-assisted Programs, Providing Dependable And Predictable Rental Income. The Building Currently Generates $58, 319 Per Month ($699, 826 Annually) In Gross Rental Income. Operating At An 87%+ Noi Margin, The Building Demonstrates Exceptional Operational Efficiency. Tenants Pay Heat And Electric, Keeping Landlord Expenses Low. Conveniently Located One Block From The 225th Street Subway Station (2/5 Lines) With Metro-north Access ~25 Min To Grand Central, Making It One Of Wakefield's Most Accessible Locations.