Prevu by reAlpha
BuySellBlogBrowse Listings

721 E 242nd StreetBronx, NY 10470

For Sale

$1,350,000

Smart Buyer Rebate $16,875

Welcome to 721 E. 242nd Street, a rare four-family investment property nestled in the heart of Wakefield. Offering over 3,400 square feet of living space, this income-generating building combines classic Bronx character with exceptional potential. Situated on a quiet residential block, the property enjoys close proximity to Metro-North, subway lines, major roadways, local shops, dining, schools, and everyday conveniences.

Whether you're an investor looking to expand your portfolio or a buyer seeking a property with substantial rental income, this multifamily residence delivers both versatility and opportunity in one of the Bronx's most established neighborhoods.

This gem will not last—schedule your private viewing today!

Listed by Onyinyechi Ekpecham

·

Keller Williams Realty NYC Grp

·

718-697-6800

Last updated July 31, 2026

·

Source: OneKey #1015109

Listing Facts

  • TypeMulti-family
  • NeighborhoodWakefield
  • Bedrooms7
  • Bathrooms4
  • Days on Prevu36
  • Taxes$7,631.8/year

Location

Mortgage Calculator

Listing History

06/25/2026
Listed by Keller Williams Realty NYC Grp
$1,350,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$13,500
Title Insurance
$6,075
Bank Attorney
$1,500
Mortgage Recording Tax
$20,790
Other Closing Costs
$4,000
Total
$49,865

Estimated closing costs are based on the list price of $1,350,000 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 721 E 242nd Street

Exterior

Construction

  • Number Of Units Total: 4
  • Year Built: 1931
  • Architectural Style: Other
  • Construction Materials: Block, 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: 05115-0014
  • Tax Annual Amount: $7,631.80
  • Tax Assessed Value: $318,150.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Other

Rooms

  • Basement: See Remarks
  • Has Basement: Yes
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 7

Parking

Parking

  • Parking Features: Other

Schools

Elementary School

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

High School

  • High School: Contact Agent
  • High School District: Bronx 11

Middle or Junior School

  • Middle Or Junior School: Jhs 144 Michelangelo
  • Middle Or Junior School District: Bronx 11

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: See Remarks, Other
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • 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 721 E 242nd Street.

What schools are nearby to 721 E 242nd Street?

Nearby schools include the Ps 16 Wakefield Elementary School, Jhs 144 Michelangelo Middle School, and Contact Agent High School.

What are the annual taxes for 721 E 242nd Street?

Annual taxes for this multi-family home are estimated at $7,631.

How does 721 E 242nd Street compare to other multi-family homes in Wakefield?

This multi-family home is listed 37% above the average price for multi-family homes in Wakefield and has been on the market for 55 less days than the typical home in this area.

721 E 242nd Street is a 7-bedroom, 4-bath multi-family home for sale in Bronx NY 10470. Listed on Prevu for 36 days at $1,350,000. 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, Jhs 144 Michelangelo 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.