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1038 E 224th Street, Bronx NY 10466
1038 E 224th Street, Bronx NY 10466
New York>Bronx>Wakefield

1038 E 224th StreetBronx, NY 10466

For Sale

$1,100,000

Smart Buyer Rebate $13,750

Prime 3-Family Cash-Flow Investment Opportunity in Wakefield

Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location.

The home features three spacious units—a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit—allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access.
All units were fully renovated prior to renting.

Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks—ensuring consistently high tenant demand.

Listed by Jose J. Flores

·

EXIT Realty Private Client

·

914-222-1000

Last updated September 11, 2026

·

Source: OneKey #1049290

Listing Facts

  • TypeMulti-family
  • NeighborhoodWakefield
  • Bedrooms7
  • Bathrooms4
  • Days on Prevu5
  • Taxes$7,449.96/year

Location

Mortgage Calculator

Listing History

09/10/2026
Listed by EXIT Realty Private Client
$1,100,000
  1. 09/10/2026$1,100,000
    Listed by EXIT Realty Private Client

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$11,000
Title Insurance
$4,950
Bank Attorney
$1,500
Mortgage Recording Tax
$16,940
Other Closing Costs
$4,000
Total
$42,390

Estimated closing costs are based on the list price of $1,100,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1038 E 224th Street

Exterior

Construction

  • Number Of Units Total: 3
  • Year Built: 1940
  • Construction Materials: Brick

Measurements

  • Building Area Total: 2,016
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Square Feet: 2,736

Financial

Taxes

  • Parcel Number: 04870-0055
  • Tax Annual Amount: $7,449.96
  • Tax Assessed Value: $52,800.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Storage

Rooms

  • Basement: Partially Finished, See Remarks, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 7

Schools

Elementary School

  • Elementary School: Contact Agent
  • Elementary School District: Contact Agent

High School

  • High School: Contact Agent
  • High School District: Contact Agent

Middle or Junior School

  • Middle Or Junior School: Call Listing Agent
  • Middle Or Junior School District: Contact Agent

Utilities

Equipment

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 7 bedrooms and 4 bathrooms in this multi-family home at 1038 E 224th Street.

What schools are nearby to 1038 E 224th Street?

Nearby schools include the Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School.

What are the annual taxes for 1038 E 224th Street?

Annual taxes for this multi-family home are estimated at $7,449.

How does 1038 E 224th Street compare to other multi-family homes in Wakefield?

This multi-family home is listed 11% above the average price for multi-family homes in Wakefield and has been on the market for 86 less days than the typical home in this area.

1038 E 224th Street is a 7-bedroom, 4-bath multi-family home for sale in Bronx NY 10466. Available on Prevu for 5 days at $1,100,000. This property is located in Wakefield. The median listing price for multi-family homes in this area is $787,500. Nearby schools include Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School. Browse more multi-family home listings in Bronx.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.