Prevu by reAlpha
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719 E 242nd StreetBronx, NY 10470

For Sale

$1,450,000

Smart Buyer Rebate $18,125

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!

Listed by Michael A. Brown

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Keller Williams Realty Group

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914-713-3270

Listed by Onyinyechi Ekpecham

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Keller Williams Realty Group

Last updated September 10, 2026

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Source: OneKey #1047740

Listing Facts

  • TypeMulti-family
  • NeighborhoodWakefield
  • Bedrooms6
  • Bathrooms3
  • Days on Prevu8
  • Taxes$15,903.08/year

Location

Mortgage Calculator

Listing History

09/07/2026
Listed by Keller Williams Realty Group
$1,450,000
  1. 09/07/2026$1,450,000
    Listed by Keller Williams Realty Group

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$14,500
Title Insurance
$6,525
Bank Attorney
$1,500
Mortgage Recording Tax
$22,330
Other Closing Costs
$4,000
Total
$52,855

Estimated closing costs are based on the list price of $1,450,000 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 719 E 242nd Street

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Year Built: 1931
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,460
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Square Feet: 2,500

Financial

Taxes

  • Parcel Number: 05115-0015
  • Tax Annual Amount: $15,903.08
  • Tax Assessed Value: $315,000.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath

Rooms

  • Basement: Finished
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6

Schools

Elementary School

  • Elementary School: Ps 16 Wakefield
  • Elementary School District: Bronx 11

High School

  • High School: Acad-Scholarship & Entrepreneurship
  • High School District: Bronx 11

Middle or Junior School

  • Middle Or Junior School: North Bronx School Of Empowerment
  • Middle Or Junior School District: Bronx 11

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • 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 6 bedrooms and 3 bathrooms in this multi-family home at 719 E 242nd Street.

What schools are nearby to 719 E 242nd Street?

Nearby schools include the Ps 16 Wakefield Elementary School, North Bronx School Of Empowerment Middle School, and Acad-Scholarship & Entrepreneurship High School.

What are the annual taxes for 719 E 242nd Street?

Annual taxes for this multi-family home are estimated at $15,903.

How does 719 E 242nd Street compare to other multi-family homes in Wakefield?

This multi-family home is listed 47% above the average price for multi-family homes in Wakefield and has been on the market for 83 less days than the typical home in this area.

719 E 242nd Street is a 6-bedroom, 3-bath multi-family home for sale in Bronx NY 10470. On Prevu for 8 days at $1,450,000. This property is located in Wakefield. The median listing price for multi-family homes in this area is $787,500. Nearby schools include Ps 16 Wakefield Elementary School, North Bronx School Of Empowerment Middle School, and Acad-Scholarship & Entrepreneurship High School. View other 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.