Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
751 E 224TH Street #ALL
Interested in this property?
Active For Sale Rental

$649,500

751 E 224TH Street #ALL

Wakefield, Bronx

MLS® #RLS20057518

RLS at REBNY

Listing by Douglas Elliman Real Estate

9

Bedrooms

7

Baths

N/A

Sq. Ft.

1930

Year Built

Quick Summary

Bedrooms 9
Bathrooms 7
Year Built 1930
Ownership RentalBuilding
HOA/Common Charges $1/mo
Neighborhood Wakefield
Floor 3 of 3

Property Highlights

  • Style: WalkUp architecture
  • Character: Pre-war building (1930)

Property Details

Type Rental
Ownership Rental Building
Total Rooms 23
Baths 7 Full
Floor 3 of 3
Pets Yes
Year Built 1930
Architectural Style WalkUp
Basement Other
Parcel # 04838-0023
Block/Lot 04838/0023

Listing History

Event Date Price Change
Listed Oct 30, 2025 $649,500 -
Currently May 4, 2026 $649,500 -

Description

The Lennon Team presents an attractive value-add investment opportunity in the northern Bronx: this 7-unit building, situated at 751 E 224th St in the Wakefield, Bronx neighborhood, offers strong income potential with a nearly 100-year-old structure and favorable positioning for long-term investors.

Key facts:

  • 7 residential units in total. 

  • 3 stories, built in 1930. 

  • Approximate building area: 4,800 sq ft. 

  • Lot size: approx. 2,860 sq ft. 

  • Zoning R4; building class C1 (Walk-up apartments over six families, no stores). 

  • Located within ZIP code 10466, Bronx Community District 12. 

Investment Highlights
  1. Multi-Unit Format with Scale - At 7 units, the building offers scale beyond a typical small investor duplex or triplex, enabling better amortization of operating expenses and management overhead.

  2. Value-Add Opportunity - Built in 1930, this property likely presents opportunities for modernization (interiors, appliances, finishes), thereby increasing rental premiums and overall NOI.

  3. Northern Bronx Location - The Wakefield neighborhood of the Bronx offers access to NYC transit and a relatively lower entry cost compared to Manhattan, Brooklyn or more prominent Bronx sub-markets. 

  4. Zoning and Conversion Flexibility - R4 zoning supports multi-unit usage; potential exists (subject to approvals) for repositioning amenities, enhancing curb appeal, or optimizing unit layouts.

 

Features & Amenities

Interior Features

Building None

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 7
Stories 3
Style WalkUp

Financial Details

Common Charges $1/mo

Wakefield features a mix of detached single-family Victorian homes and low-rise apartment buildings. Two-family brick houses define the architecture across the residential streets. The area is served by the 2 and 5 subway lines, providing transit access within the northern Bronx.

Wakefield Live Market Data

View Neighborhood

Active Listings

6

Median Asking Price

$699K

Median $/Sqft

$417

Avg Days on Market

N/A

New This Week

0

Price Reduced

33%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 5/3/26, 10:50 PM EST

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Location

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751 E 224TH Street #ALL, Wakefield, Bronx County

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
3
Floors
7
Residential Units
R4
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $422,100
Land Value: $6,750
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,860 SF
Building Area: 4,800 SF
Built FAR: 1.68
Allowed FAR: 1

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 9 bedrooms and 7 full bathrooms.

According to MLS records, the building was constructed in 1930, making it approximately 96 years old.

This listing is RentalBuilding

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20057518
First Listed: 10/30/2025
On Market: 10/30/2025
Price Changed: 10/30/2025
Contract Date: 10/30/2025

Listing Courtesy of Douglas Elliman Real Estate - Robin J Lennon

Listing Contact: (917) 202-8996

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 2:50 AM UTC

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