846 Olmstead Avenue
About This Property
Ideally situated in the desirable Castle Hill/Unionport area, the property enjoys convenient access to many of the Bronx's most popular amenities. Commuters will appreciate its proximity to the 6 subway line, multiple MTA bus routes, the Bruckner Expressway (I-278), the Cross Bronx Expressway, and the Hutchinson River Parkway, making travel throughout New York City and Westchester County convenient.
Enjoy nearby outdoor recreation at Soundview Park, featuring waterfront walking trails, playgrounds, athletic fields, and open green space, or spend the day at nearby Pugsley Creek Park. Shopping and everyday conveniences are just minutes away with Bruckner Commons. Don't miss this exceptional opportunity to invest in a well-located vacant lot with tremendous potential in one of the Bronx's growing neighborhoods.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$375,000
↓ $124K
(24.9%) | |
| Price Decreased | |||
| Jul 28, 2026 | Listed by Iconic Pros | $499,000 | |
| Listed by Iconic Pros | |||
| Jan 1, 2024 | No longer available | - | |
| No longer available | |||
| Jun 26, 2023 | Listed by RE/MAX Top | $339,000 | |
| Listed by RE/MAX Top | |||
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Vacant Lot For Sale in the Castle Hill Neighborhood! It has a Frontage and Depth of 25 X 89.33. The Total Lot Size is 2,233 sf with R3-2 Zoning. Approved plans available to build a 2-Family Home: 3 Bedroom over 2 Bedroom. Block & Lot is 3685-9. Near the Bruckner Commons Shopping Center, Close to Public Transportation Buses, and Easily Accessible to the I-278 and I-95.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017