1267 Teller Ave · New York, NY 10456

$949,000

9 bd · 3.9 ba · 2,994 sqft · MultiFamily public records · 99 Days on market

Built 1899 2,000 sqft lot Est $913k · at est.

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.4/30.0
• Appreciation +9.3/10.0
• ARV discount +5.7/15.0
• DSCR +5.4/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

BACK ON THE MARKET - VACANT & WITH A NEW PRICE! SELLERS MOTIVATED. Discover a rare investment opportunity or the ideal owner-occupant setup in this well-maintained multi-family property, offering 9 bedrooms and 4 bathrooms across multiple units. Perfectly suited for generating rental income or creating an expansive personal living space, this versatile home blends space, comfort, and functionality. The thoughtfully laid out first-floor unit has been fully renovated, featuring a spacious living room that flows beautifully from the elegant foyer staircase. A central hallway leads to a full bathroom with a tub and three well-sized bedrooms. The primary bedroom is king-sized and overl

Key facts

• Private deck
• Shared laundry room
• Private backyard

Tags

• SPACIOUS LIVING ROOM
• PRIVATE BACKYARD
• PRIVATE DECK
• FULLY FINISHED BASEMENT
• SHARED LAUNDRY ROOM
• SELF CONTAINED STUDIOS

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Home design: Two-story building; Entry level on level 1
• Construction: Green building
• Exterior features: Private outdoor space (over 60 sqft); Patio

Interior

• Bedrooms: Two-unit property (total units: 2)
• Bathrooms: 4 full bathrooms
• Interior features: High ceilings; Smoke-free property; Storage space
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 3 × 3-bed/1.3-bath units multifamily listed at $949k.

Deal economics

• At list price, monthly cash flow is $714 ($9k/yr) — positive. Per door: $238/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $801k (15.6% below list).
• Recommended offer: $801k (15.6% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: 52 active listings in the ZIP; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $8,013/mo this rent would consume 275% of the median local household income ($35k/yr) (locally 11195% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $88k of equity ($7k loan paydown + $81k appreciation (8.6% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (8.6% appreciation + 3.0% rent growth), your $266k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$141k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($864k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1899 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $801,300 (15.6% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1899 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.22%
• DSCR: 1.14
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $913,170
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1046 College Ave	0.36mi	9/4.0	2,790 (-7%)	4mo	$769,000	$276	68
1100 Jackson Ave	0.63mi	8/4.0 (-1)	3,234 (+8%)	3mo	$799,999	$247	49
1678 Monroe Ave	0.72mi	8/3.0 (-1)	2,820 (-6%)	7mo	$1,025,000	$363	43
1027 Boston Rd	0.57mi	8/5.0 (-1)	3,402 (+14%)	10mo	$1,039,000	$305	33
118 Rockwood St	0.56mi	8/3.0 (-1)	2,580 (-14%)	20mo	$850,000	$329	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.55% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 2.77×
• Total profit: $469,673
• Equity at exit: $756,887

10-year hold

• IRR: 21.3%
• Equity multiple: 6.01×
• Total profit: $1,330,531
• Equity at exit: $1,538,017

Cash invested: $265,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10456

• Home prices YoY: 3.0%
• Active inventory: 52
• Price-to-rent: 29.6×

Monthly cashflow live

• Estimated rent: $8,013 medium
• Mortgage (P&I): −$4,977
• Tax from tax record: −$245 /mo · $2,936/yr
• Insurance: −$395
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,683
• Net cashflow: $714

Break-even live

Break-even rent $7,110

Max offer price $949,000

Occupancy floor 86%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	3	1.3	$8,013
Total (3 units)			$8,013

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $237,250
• Closing costs: $28,470
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $949,000 Active 99 DOM
2. 2026-06-17
   days on market $949,000 Active 98 DOM
3. 2026-06-15
   days on market $949,000 Active 96 DOM
4. 2026-06-13
   days on market $949,000 Active 94 DOM
5. 2026-06-10
   days on market $949,000 Active 90 DOM
6. 2026-06-08
   days on market $949,000 Active 89 DOM
7. 2026-06-08
   days on market $949,000 Active 88 DOM
8. 2026-06-04
   days on market $949,000 Active 85 DOM
9. 2026-06-03
   days on market $949,000 Active 84 DOM
10. 2026-06-01
    days on market $949,000 Active 82 DOM
11. 2026-05-31
    days on market $949,000 Active 81 DOM
12. 2026-03-11
    listed $949,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $2,936 · $245/mo
• Projected year-2 tax: $9,487 · $791/mo
• Expected delta: +$6,551/yr (+$546/mo · 223.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $96,156
• − Mortgage interest: −$53,159
• − Property taxes: −$2,936
• − Insurance: −$4,745
• − Repairs & maintenance: −$7,692
• − Management: −$7,692
• − Depreciation: −$27,607
• Taxable loss: −$7,676
• Est. tax savings @ 24.0%: +$1,842
• After-tax cash flow: $10,405/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 87,533
• Household income: $34,954
• Rent vs Own: 93.1% rent · 6.9% own
• Severe rent burden: 11195.0

Population outlook (Bronx County) Hauer SSP2

• Today (2025): 1,607,353 people
• By 2030: 1,681,852 · +4.6%
• By 2040: 1,824,421 · +13.5%
• By 2050: 1,945,470 · +21.0%
• By 2075: 2,187,887 · +36.1%
• By 2100: 2,244,136 · +39.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Hispanic / Latino 52% Black 41% Two or more races 14% White 3% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 15% Dominican 26%
• Foreign-born: 30% · Canada, Jamaica
• Languages at home: 44% English-only · Spanish 44% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Bronx

• 2024 margin: Solid D (+45.4) · D 72.7% · R 27.3%
• 2008→2024 swing: -32.3pp toward R · 2008: 77.8pp · 2024: 45.4pp
• All cycles: 2024: D+45.4 2020: D+67.6 2016: D+79.1 2012: D+82.9 2008: D+77.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.55%
• Current HPI: 293.766
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

1 event — show timeline

• 2026-03-11 Listed $949,000 RLS at REBNY

Property tax history

+4.9%/yr

Latest (2025): $2,936 · +1.3% YoY. Source: county tax records.