1501 Teller Avenue, Bronx, NY 10457
- $1,449,000
- 8
- BD
- 4
- BA
- List Price
- $1,449,000
- Price Change
- ▼ $50,999 1781053962
- Days on Market
- 137
- MLS#
- 972721
- Status
- ACTIVE
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size
- 4360
Property Description
Welcome to 1501 Teller Avenue, a fully renovated and income-producing 4-family townhome situated on a prominent corner lot in the Claremont section of the Bronx. This turnkey asset features four spacious two-bedroom units, each thoughtfully updated with quartz countertops, stainless steel appliances, white shaker cabinetry, and elegant oak flooring, offering strong tenant appeal and consistent cash flow. The building is fully occupied and generates approximately $93,000 in net operating income, equating to a 6.2% cap rate at the $1,500,000 asking price, with an estimated ~7.7% cash-on-cash return based on 20% down and current 6% financing. Additional features include a brick façade, attached one-car garage, and a full unfinished basement with high ceilings and a separate entrance—presenting a prime opportunity for future expansion or additional income potential in line with NYC’s City of Yes initiatives. The property also benefits from R7-1 zoning with approximately 2,898 square feet of unused FAR, offering long-term development upside. Conveniently located near BronxCare Hospital, shopping, dining, schools, and major transit lines (B, D, and 4 trains), providing an easy commute to Manhattan.
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Additional Information
- Year Built
- 1920
- School District
- Bronx
- Taxes Total
- 7938
- Heating
- Natural Gas, Radiant
- Parking
- Attached, Garage
- Parking Spaces
- 1
- Basement
- Partially Finished, Walk-Out Access
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $7,938
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Listing courtesy of Listing Agent: Jeffrie Pena (jeff.pena@locqube.com) from Listing Office: Locqube New York, Inc..
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.