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1501 Teller Avenue, Bronx, NY 10457

Bronx
Local realty services provided by:CENTURY 21 Elite Realty
1501 Teller Avenue,Bronx, NY 10457
$1,499,999
  • 8 Beds
  • 4 Baths
  • 3,292 sq. ft.
  • Multi-family
  • Active
Listed by: jeffrie pena
Office: locqube new york, inc.
MLS#:972721
Source:OneKey MLS

Price summary

  • Price:$1,499,999
  • Price per sq. ft.:$455.65

About this home

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...

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Home facts

  • Year built:1920
  • Listing ID #:972721
  • Added:45 day(s) ago
  • Updated:May 02, 2026 at 10:47 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Hardwood
  • Basement:Yes
  • Basement Description:Partially Finished, Walk-Out Access
  • Living area:3,292 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiant

Structure and exterior

  • Year built:1920
  • Building area:3,292 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Near Public Transit
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,499,999
  • Price per sq. ft.:$455.65
  • Tax amount:$7,938 (2025)

Features and amenities

  • Laundry features:Common Area
  • Amenities:Granite Counters

Parking

  • Total parking spaces:1
  • Parking description:Attached, Garage
  • Garage:Yes
  • Garage spaces:1
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