Invictus Property Advisors is pleased to announce the successful sale of 943 East 229th Street, a four-unit multifamily property located in the Wakefield section of the Bronx, which closed for $900,000, representing $267 per square foot.
The property was delivered fully occupied at closing and sold at a 4.90% capitalization rate, providing the buyer with stable in-place income in a neighborhood known for steady rental demand.
The purchaser plans to pursue a value-add strategy, with the flexibility to introduce program tenants as units turn over, creating a pathway to enhanced long-term cash flow while maintaining consistent occupancy.
Successfully marketing this Bronx multifamily asset required thoughtful positioning in a competitive market environment. Through targeted outreach, local market expertise, and an efficient execution process, Invictus Property Advisors identified a buyer who recognized the property’s long-term potential and moved quickly to complete the transaction.
This closing represents a strong start to 2026 and highlights continued investor demand for well-located Bronx multifamily properties.
