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    1136 Rhinelander Bronx, NY 10461

    Sponsored
    For Sale
    $1,500,000

    Three-story office building, 3,426 SF, vacant 3rd floor.

    Property size:
    3,426 SF

    Description

    Added:
    Jan 10, 2025
    Days on Market:
    362
    This exceptional three-story commercial property, located at 1136 Rhinelander Avenue in Morris Park, Bronx, NY 10461, offers a unique investment opportunity. The building encompasses approximately 3,426 square feet and sits on a 0.15-acre lot. Currently, the first and second floors are utilized as office space by the owner, while the third floor is vacant, presenting immediate potential for expansion or lease income. The seller is open to leasing back the first floor, providing flexibility for the buyer. Alternatively, the property can be delivered vacant, allowing for complete control and customization. The building is situated in a zoning area (R4) that allows for a potential increase in Floor Area Ratio (FAR) to 1.35 under specific conditions for predominantly built-up areas. This presents a significant opportunity for future development or expansion. The asking price is $1,500,000. This prime corner location in Morris Park offers excellent visibility and accessibility, making it an ideal investment for a variety of commercial uses. Serious inquiries only.

    Property Features for 1136 Rhinelander

    General Information

    Property type
    Residential offices
    Square Feet
    3,426 SF
    Price / Square Foot
    $437
    Class
    C
    Total Parking Spaces
    14
    Elevators
    N/A
    Lot Size
    6,500 SF

    Building Details

    Year Built
    1950
    Stories
    2

    HighLights

    • Prime 3,426 sq ft corner location in Morris Park, Bronx.
    • Three‑story building with potential for leaseback or vacant delivery.
    • Sits on a large 6,500 sq ft lot, offering significant development potential.
    Location Intelligence

    Current Use by Public Records

    Residential offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    State
    New York
    Longitude
    -73.853065
    Latitude
    40.851957

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    FAQs

    What type of property is this?
    Residential office - Three-story office building, 3,426 SF, vacant 3rd floor.
    Where is this residential office located?
    The property is located at 1136 Rhinelander Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime 3,426 sq ft corner location in Morris Park, Bronx.; Three-story building with potential for leaseback or vacant delivery.; Sits on a large 6,500 sq ft lot, offering significant development potential.
    (917) 559-4584
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    1136 Rhinelander Bronx, NY 10461
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    Bronx, NY 10461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1136 Rhinelander Bronx, NY 10461
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