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1501 Teller Avenue

Bronx, NY 10457
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Bed 8

Bed

Bath 4

Bath

Acres0.10

Acre(Lot)

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—pres enting 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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,999

AD Id : 76201216

MLS Id : 972721

Beds : 8

Lot Size : 0.10 Acre

Year Built : 1920

Garage : 1

County : Bronx

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Basement: Partially Finished, Walk-Out Access
  • Flooring Information

    Hardwood
  • Interior Features

    Granite Counters Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1920 Building Area Total: 3292 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.1001 Lot Size Square Feet: 4360 Lot Description: Near Public Transit

  • Listing Price Information

    Listing Price: $1499999

  • Tax Information

    Parcel Number: 02787-0060 Annual Tax: $7938

  • Parking Information

    Parking Total: 1 Attached, Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 1

  • Location Information

    WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/06/2026 @ 03:51

MLS: 972721 LISTED BY: Jeffrie Pena, Locqube New York, Inc. 347-657-1114 SOURCE: OneKey MLS

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