Welcome to 864 East 221st Street, a exceptional investment opportunity located in the heart of the Williamsburg section of the Bronx. We are pleased to present this impressive 15,750 square foot, 3.5-story building comprising 14 residential units, boasting a robust cap rate exceeding 8.25%. This outstanding property features a mix of predominantly three-bedroom layouts, offering ample living space for tenants. The building benefits from extremely low taxes, further enhancing its investment appeal. Situated on a quiet block, the property provides a tranquil environment for residents. Projections indicate significant potential for cap rate growth, driven by the fact that most units are free market and currently rented to programs. This presents a compelling opportunity for savvy investors to capitalize on increasing cash flows and long-term appreciation. Key Highlights: * 15,750 square foot, 4-story building * 14 residential units (12 Free Market) * Cap rate exceeding 8.25% * Predominantly three-bedroom layouts * Extremely low taxes * Quiet block location * Projections for cap rate growth on lese renewals Don't miss this rare opportunity to acquire a high-performing asset in a thriving neighborhood. Contact us today to schedule a viewing and make this exceptional property yours