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 entrancepresenting 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.
Details
| MLS # | 972721 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 165 |
| Listing Provided By | Locqube New York, Inc. | Jeffrie Pena |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,292 |
| Garage | 1 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.10 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas, Radiant |
| Interior Features | Granite Counters |
Exterior
| Construction Materials | Brick |
|---|---|
| Lot Features | Near Public Transit, Near School, Near Shops |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Garage |
Utilities
| Utilities | Trash Collection Public |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 770000 |
| Tax Annual Amount | 7938 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10457 |
| Listing VS Median (in 10457) | |
Price: $1,449,000 low | high Med: $827,950 sqft: 3,292 low | high Med: 3,214 $ / sqft: $440 low | high Med: $258 On site: 165 low | high Med: 35 | |
Market Activity 10457
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10457 |
| Listing VS Median (in 10457) | |
Price: $1,449,000 low | high Med: $827,950 sqft: 3,292 low | high Med: 3,214 $ / sqft: $440 low | high Med: $258 On site: 165 low | high Med: 35 | |
 | $1,999,9991453 Teller AvenueBronx, NY 10457 |