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1116 Rhinelander Avenue
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Listed by HomeSmart Homes & Estates | $485,000 | |
| Listed by HomeSmart Homes & Estates | |||
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed by Houlihan Lawrence Inc. | $399,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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This beautiful, level piece of land is located in the heart of the Bronx, offering an exceptional opportunity for development. Zoned R4, the property allows for the construction of semi-detached 1- to 2-family homes, making it ideal for builders, developers, or investors looking to capitalize on the area's strong housing demand. Whether you're looking to build and sell, hold for future appreciation, or create long-term rental income, this lot presents the perfect foundation for your next project.
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| Apr 19, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017