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$1,473,749
List Price: $1,499,999
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1501 Teller Avenue
House in Concourse •  building info
8bd • 4ba • 4,360ft² $344 per ft²
Buy with Yoreevo

$1,473,749

List Price

$1,499,999

Key Details
Listed today
Last price change
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Estimated payment
$8,756/mo
Taxes
$662/mo
Maintenance
N/A
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.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$1,499,000
Asking Price: $1,499,999
Term
30 Years
Down Payment
$149,000 (10%)
Min: 10% (149,000)
Rate
6.0 %
Mortgage Amount
$1,349,999
Mortgage Payment
$8,094
Taxes
$662
Estimated Yoreevo rebate
$26,250
Estimated closing cost
$54,000
Total monthly cost $8,756
Buy your dream home with us and get an estimated $26,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Locqube New York Inc.

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