1501 Teller Avenue, Bronx, NY, 10457
8 beds
4 Full baths
1920
Quadruplex
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.
Status:
Active
Type:
Single-family residential
Laundry Remarks:
Common Area
Units:
4
Garage:
1-car
Heating:
Natural Gas, Radiant
Cooling:
Wall/Window Unit(s)
Basement:
Partially Finished, Walk-Out Access
Parking:
1-car, Attached, Garage
Acreage:
0.1
Est. Taxes:
$7,938
Assessment
$770,000
Construction
Brick
Utilities
Trash Collection Public
Lot Description:
Near Public Transit, Near School, Near Shops
School District:
Bronx
Days on Market:
1
MLS #:
972721
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Locqube New York, Inc. 347-657-1114