1501 Teller AVE, Bronx, NY 10457
1501 Teller AVE, Bronx, NY 10457
1501 Teller AVE, Bronx, NY 10457
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Randy Reis

Randy Reis

+1(917) 435-4870
$1,499,999
Est. payment /mo
8 Beds
4 Baths
4,360 Sqft Lot
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UPDATED:

Key Details

Property Type Multi Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 972721

Bedrooms 8

Full Baths 4

Rental Info No

Year Built 1920

Annual Tax Amount $7,938

Lot Size 4,360 Sqft

Acres 0.1001

Property Sub-Type Quadruplex

Source onekey2

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.

Location

State NY

County Bronx County

Rooms

Basement Partially Finished, Walk-Out Access

Interior

Interior Features Granite Counters

Heating Natural Gas, Radiant

Cooling Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Laundry Common Area

Exterior

Parking Features Attached, Garage

Garage Spaces 1.0

Utilities Available Trash Collection Public

Total Parking Spaces 1

Garage true

Private Pool No

Building

Lot Description Near Public Transit, Near School, Near Shops

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Bronx

School District Bronx

Others

Senior Community No

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Locqube New York, Inc. • Jeffrie Pena

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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