1501 Teller Ave Bronx, NY 10457
Mount Eden NeighborhoodEstimated payment $8,615/month
Highlights
- Property is near public transit, schools, and shops
- Granite Countertops
- Laundry Facilities
- Wood Flooring
- 1 Car Attached Garage
- 1-minute walk to Claremont Park
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 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,938
Year Built
- Built in 1920
Parking
- 1 Car Attached Garage
Home Design
- Quadruplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Radiant Heating System
Additional Features
- Granite Countertops
- Wood Flooring
- Walk-Out Basement
- 4,360 Sq Ft Lot
- Property is near public transit, schools, and shops
Listing and Financial Details
- Assessor Parcel Number 02787-0060
Community Details
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
Additional Features
- 4 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,387 | $63,814 | $18,515 | $45,299 |
| 2024 | $7,387 | $59,087 | $20,563 | $38,524 |
| 2023 | $5,142 | $25,319 | $8,319 | $17,000 |
| 2022 | $4,768 | $47,700 | $15,180 | $32,520 |
| 2021 | $5,027 | $43,920 | $15,180 | $28,740 |
| 2020 | $5,018 | $42,660 | $15,180 | $27,480 |
| 2019 | $3,783 | $34,680 | $15,180 | $19,500 |
| 2018 | $3,416 | $21,099 | $12,956 | $8,143 |
| 2017 | $3,504 | $19,905 | $10,448 | $9,457 |
| 2016 | $3,417 | $19,905 | $10,236 | $9,669 |
| 2015 | $1,922 | $19,754 | $10,224 | $9,530 |
| 2014 | $1,922 | $18,637 | $8,563 | $10,074 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/17/2026 03/17/26 | For Sale | $1,499,999 | +102.7% | $456 / Sq Ft | |
| 12/10/2024 12/10/24 | Off Market | $740,000 | -- | -- | |
| 08/05/2019 08/05/19 | Sold | $740,000 | -17.3% | $225 / Sq Ft | View Prior Sale |
| 05/17/2019 05/17/19 | Pending | -- | -- | -- | |
| 04/19/2019 04/19/19 | For Sale | $895,000 | -- | $272 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $740,000 | -- | |
| Deed | $740,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: OneKey® MLS
MLS Number: 972721
APN: 02787-0060
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