$485,000
Active
1 days on market
1116 Rhinelander Ave
📍 Bronx, Bronx, NY 10461
Other
Type
About this property
DEVELOPMENT OPPORTUNITY! Excellent opportunity for builders, developers, and investors at 1116 Rhinelander Avenue, Bronx, NY. This development site is being offered with approved plans for a three-family residential building featuring a 3-over-3-over-2 layout. A great opportunity to move forward with a planned multifamily project in an established Bronx neighborhood, with valuable pre-development work already completed. Conveniently located near neighborhood shopping, restaurants, public transportation, and major roadways. Ideal for developers looking to expand their portfolio or investors seeking their next residential development project. Buyer to independently verify approved plans, perm
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Amenities & features
Key facts
Approved plans
Multifamily project
2,250 sq ft lot
Property details
Property typeOther
Listing statusActive
Lot size2,250 sqft
Days on market1 days
MLS #1060746
Estimated monthly payment
Listing price$485,000
Down payment (20%)$97,000
Loan amount$388,000
Principal & interest (7%, 30yr)$2,581/mo
Property tax (est.)$471/mo
Home insurance (est.)$202/mo
Estimated total$3,254/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.