759 E 221st Street

Prime 7-family investment opportunity with three adjacent R5-zoned vacant lots in Williamsbridge, Bronx – ideal for long-term income, future development, or a sizable assemblage near the 2 train and major local amenities. 7-Family Building Overview: Welcome to 759 E 221st Street, a solid 3-story, 7-unit residential building on a generous 50 x 100 ft (approx.) lot in the heart of Williamsbridge/Olinville, Bronx R5 zoning district. Built in 1928 and offering approximately 7,100+ sq ft of interior space, this property is perfect for investors seeking stable cash flow in a strong rental market with consistent demand for multifamily housing. The building currently contains seven residential units in a classic Bronx walk-up configuration, with a mix of layouts suitable for long-term tenants and strong rent rolls. Wide frontage and a deep lot provide potential for outdoor yard use, storage, or future upgrades, subject to approvals. Location & Neighborhood: Situated on a quiet, residential block between White Plains Road and Barnes Avenue, the property benefits from a true neighborhood feel while remaining close to shopping, dining, and everyday services along White Plains Road and surrounding avenues. Public transportation is excellent, with the nearby 2 train providing easy access to Manhattan and other parts of the Bronx, making this address highly attractive to renters and commuters. Schools, parks, and community facilities are all within a short distance, supporting strong rental demand from families and working professionals who want convenience without sacrificing a residential environment. Adjacent Vacant Lots: Immediately next to the building are three separate vacant R5-zoned lots, each approximately 18 x 114.25 ft (about 2,856 sq ft per lot), offering a rare ground-up development opportunity on the same block. Each lot is offered at $700,000 individually, making them attractive for buyers looking to build one-, two-, or three-family homes or small multifamily structures, subject to zoning and DOB approvals. These lots are level, with survey information available from prior marketing of similar parcels on East 221st Street, and are surrounded by a mix of two- and three-story homes and mid-rise multifamily buildings, supporting a variety of development strategies. Assemblage & Development Potential: A unique advantage of this offering is the ability to acquire the 7-family building together with one, two, or all three of the vacant lots for a combined package. A buyer can hold the existing 7-family as an income-producing asset while planning phased development of the adjacent land. R5 zoning on this block allows for a range of low- to medium-density residential development, creating potential to add multiple new units and significantly increase total rentable square footage over time, subject to FAR, zoning analysis, and professional verification. For developers and 1031 buyers, the assemblage offers flexibility: build additional one- to three-family homes, a small multifamily building, or a series of townhome-style rentals, all steps from transit and neighborhood amenities in a proven rental submarket. Asking & Showing Information: The 7-family building is being offered with an asking price up to approximately $2,500,000, reflecting its size, location, and income potential in a strong Bronx rental corridor. The three adjacent vacant lots are offered at $700,000 each, with the option for a special combined price for buyers interested in purchasing the building and land together as a single package. All information is subject to independent verification; buyers and their architects/engineers should confirm all zoning, FAR, and development potential directly with the appropriate professionals and city agencies. Private showings and detailed financials are available to qualified buyers by appointment only.