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2929 Coddington Avenue
About This Property
The finished basement adds valuable additional living space and features a separate entrance, providing even more flexibility for the next owner. Step outside to a private backyard that is perfect for entertaining, relaxing, or enjoying time outdoors. A private driveway adds everyday convenience and off-street parking.
The home also features owned solar panels and recently installed mini-split systems (2026), adding to the home's energy efficiency and offering the potential for lower utility costs. Conveniently located near shopping, dining, transportation, schools, and neighborhood amenities, this home combines space, flexibility, energy efficiency, and convenience in a desirable Bronx location.
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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 27, 2026 | In contract | - | |
| In contract | |||
| Oct 3, 2026 | Listed by Exit Realty Connections | $799,000 | |
| Listed by Exit Realty Connections | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017