721 E 242nd Street, Bronx, NY 10470
Bronx County
Key Facts
Description
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!
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Other
Year Built
1931
Living Area
3,460 sq ft
Lot Size
0.06 acres
Days on Market
16
MLS® Listing#
1015109
Property Features
Interior
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps 16 Wakefield
- Middle:
- Jhs 144 Michelangelo
- High:
- Contact Agent
Financial Details
Annual Taxes
$7,632
Assessed Value
$318,150
Parcel Number
05115-0014
Directions
Take I-87 (Major Deegan Expressway) to Exit 13 for E 233rd Street. Continue east on E 233rd Street, turn left onto White Plains Road, then turn right onto E 242nd Street. Property is located on the block between White Plains Road and Barnes Avenue.
Affordability Calculator
$270,000
Estimated monthly payment
$7,185/mo
Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bronx, NY
- $573,585
- Median Listing Price
- 72
- Median Days on Market
- 1,200
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 1,276
- Active Listings
- This home’s price is 135% above the area median.
- Its price per sq ft is 4% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bronx, NY.
Location
Points of Interest in Bronx, NY
Showing the Bronx area map.
Nearby Schools
Grimes School
Elementary · 0.4 mi away
P. S 016 Wakefield
Elementary · 0.4 mi away
The Matilda Avenue School
Elementary · 0.4 mi away
Mt St Michael Academy
School · 0.5 mi away
Hamilton School
Elementary · 0.5 mi away
Bronx Charter School for Excellence 4
Elementary · 0.6 mi away
Thornton High School
Secondary · 0.6 mi away
Denzel Washington School of the Arts (Nellie Thornton Campus Pta)
Secondary · 0.6 mi away
St. Francis of Assisi School
School · 0.6 mi away
Emmanuel Children's Mission School
School · 0.6 mi away
PS 87
Elementary · 0.7 mi away
Saint Frances of Rome - Food Distribution Center
School · 0.7 mi away
Astor Day Treatment Center
School · 0.7 mi away
Yonkers Montessori Academy
Elementary · 0.8 mi away
Mark Twain Middle School
Elementary · 0.8 mi away
Our Lady of Victory School
School · 0.8 mi away
Rosemarie Ann Siragusa School
Elementary · 0.8 mi away
Cecil H Parker School
Elementary · 0.9 mi away
Intellectus Preparatory Charter School
Secondary · 0.9 mi away
St. Barnabas Elementary School
Elementary · 0.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2445 Yates Avenue, Bronx, NY | $949,000 | 6 | 4 | 2,496 |
| 627 Commonwealth Avenue, Bronx, NY | $949,990 | 6 | 2 | 2,850 |
| 2304 Bassford Avenue, Bronx, NY | $950,000 | 7 | 3 | 2,960 |
| 971 Teller Avenue, Bronx, NY | $950,000 | 6 | 2 | 2,120 |
| 437 Torry Avenue, Bronx, NY | $950,000 | 7 | 3 | 2,314 |
| 1928 Prospect Avenue, Bronx, NY | $950,000 | 9 | 6 | — |
Moving Cost Estimate
EXIT Agents in Bronx
Listing Courtesy: Keller Williams Realty NYC Grp - 7186976800
Presented by: Onyinyechi Ekpecham
Fair Housing Notice