1501 Teller Ave · New York, NY 10457

$1,449,000

8 bd · 4.0 ba · 3,328 sqft · MultiFamily public records · 93 Days on market

Built 1920 4,360 sqft lot

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Why this score? — see what drove the D 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 +9.3/30.0
• ARV discount +7.5/15.0
• Appreciation +7.1/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0

Multi-family units

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

Listing remarks MLS

A magnificent 3 family home is an uncommon sale but one that will not last long in the great area of Mount Eden in the Bronx. This rare gem sits in a corner lot. The house is move in ready with minor TLC needed to make it your forever home. The 1st floor has a 3 bedroom unit with a formal dining room with an eat in kitchen, a very large living room with a potential income of over $2,500. The 2nd floor has 2 units with a 1 bedroom and one of the units has a home office that can have a potential combine income of over $3,000. Let’s not forget to mention a 2 car garage, a washer and a very large basement that can be used for storage or to re-model to your liking. The location is phenomenal as it is close to trains and busses, schools, shops, hospital, highway and across the street from Claremont park. Can you ask for anything else that is more convenient than this in the market? Come and view this one of a kind opportunity before it is too late. A/O.. CONTRACTS ARE OUT. Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,

Key facts

• Fully renovated
• Quartz countertops
• Income producing

Tags

• FULLY RENOVATED
• INCOME PRODUCING
• CORNER LOT
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WHITE SHAKER CABINETRY

Property features AI

Exterior

• Parking: Attached garage (1 garage space total, 1 parking space)
• Utilities: Electric service: Con-Edison; Public sewer; Public trash collection
• Home design: Quadruplex
• Construction: Brick construction
• Exterior features: Brick exterior; Near public transit, schools, and shops; Not waterfront

Interior

• Kitchen: Granite counters (kitchen surfaces)
• Bedrooms: Four 2-bedroom units
• Flooring: Hardwood
• Bathrooms: Four full bathrooms
• Heating & cooling: Natural gas heating with radiant system; Wall/window air conditioning units
• Interior features: Granite counters; Partially finished basement with walk-out access; Hardwood flooring
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1.0-bath units multifamily listed at $1.45M.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative. Per door: $-285/mo.
• To cash-flow at today's rent, offer at most $1.25M (13.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $987k (31.9% below list).
• Recommended offer: $987k (31.9% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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: 47 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 $9,867/mo this rent would consume 277% of the median local household income ($43k/yr) (locally 8573% 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 $72k of equity ($10k loan paydown + $62k appreciation (4.3% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$116k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($1.32M) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $740k; list at $1.45M implies a 96% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $986,700 (31.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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?
11. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
12. 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.
13. 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.
14. 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: 0.68% ✗
• Cap rate: 5.40%
• Cash-on-cash: -3.17%
• DSCR: 0.86
• GRM: 12.2

CMA / ARV

• ARV (on-the-fly): $901,888
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
350 E169th St	0.40mi	8/—	3,680 (+11%)	4mo	$999,000	$271	61
269 E 175th St	0.51mi	7/3.0 (-1)	3,300 (-1%)	15mo	$1,250,000	$379	53
1756 Anthony Ave	0.47mi	9/3.0 (+1)	3,672 (+10%)	1mo	$485,000	$132	51
1758 Anthony Ave	0.48mi	9/3.0 (+1)	3,672 (+10%)	1mo	$745,000	$203	51
1659 Topping Ave	0.27mi	7/1.0 (-1)	2,940 (-12%)	11mo	$1,000,000	$340	41

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

Projected returns pro-forma

4.3% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.1%
• Equity multiple: 1.50×
• Total profit: $203,367
• Equity at exit: $759,889

10-year hold

• IRR: 10.1%
• Equity multiple: 2.74×
• Total profit: $706,308
• Equity at exit: $1,263,421

Cash invested: $405,720 (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 10457

• Home prices YoY: 2.8%
• Active inventory: 47
• Price-to-rent: 49.0×

Monthly cashflow live

• Estimated rent: $9,867 medium
• Mortgage (P&I): −$7,599
• Tax from tax record: −$665 /mo · $7,977/yr
• Insurance: −$604
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,072
• Net cashflow: $-1,139

Break-even live

Break-even rent $11,308

Max offer price $1,247,840

Occupancy floor —

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

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$9,868
Total (4 units)			$9,867

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: $362,250
• Closing costs: $43,470
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $1,449,000 Active 93 DOM
2. 2026-06-17
   days on market $1,449,000 Active 92 DOM
3. 2026-06-15
   days on market $1,449,000 Active 90 DOM
4. 2026-06-13
   days on market $1,449,000 Active 88 DOM
5. 2026-06-10
   pricedays on market $1,449,000 Active 84 DOM
6. 2026-06-08
   days on market $1,499,999 Active 83 DOM
7. 2026-06-08
   days on market $1,499,999 Active 82 DOM
8. 2026-06-04
   days on market $1,499,999 Active 79 DOM
9. 2026-06-03
   days on market $1,499,999 Active 78 DOM
10. 2026-06-01
    days on market $1,499,999 Active 76 DOM
11. 2026-05-31
    days on market $1,499,999 Active 75 DOM
12. 2026-03-17
    listed $1,499,999 Active
13. 2025-03-27
    historical
14. 2024-08-14
    price $1,375,000
15. 2024-07-17
    status Active
16. 2024-06-30
    historical
17. 2024-02-14
    listed $1,625,000 Active
18. 2019-08-14
    soldstatus $740,000
19. 2019-08-06
    soldstatus $740,000 Sold 1063-char remark

    Show marketing remark (1063 chars)

    A magnificent 3 family home is an uncommon sale but one that will not last long in the great area of Mount Eden in the Bronx. This rare gem sits in a corner lot. The house is move in ready with minor TLC needed to make it your forever home. The 1st floor has a 3 bedroom unit with a formal dining room with an eat in kitchen, a very large living room with a potential income of over $2,500. The 2nd floor has 2 units with a 1 bedroom and one of the units has a home office that can have a potential combine income of over $3,000. Let’s not forget to mention a 2 car garage, a washer and a very large basement that can be used for storage or to re-model to your liking. The location is phenomenal as it is close to trains and busses, schools, shops, hospital, highway and across the street from Claremont park. Can you ask for anything else that is more convenient than this in the market? Come and view this one of a kind opportunity before it is too late. A/O.. CONTRACTS ARE OUT. Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,

20. 2019-05-18
    status Pending 1063-char remark

    Show marketing remark (1063 chars)

    A magnificent 3 family home is an uncommon sale but one that will not last long in the great area of Mount Eden in the Bronx. This rare gem sits in a corner lot. The house is move in ready with minor TLC needed to make it your forever home. The 1st floor has a 3 bedroom unit with a formal dining room with an eat in kitchen, a very large living room with a potential income of over $2,500. The 2nd floor has 2 units with a 1 bedroom and one of the units has a home office that can have a potential combine income of over $3,000. Let’s not forget to mention a 2 car garage, a washer and a very large basement that can be used for storage or to re-model to your liking. The location is phenomenal as it is close to trains and busses, schools, shops, hospital, highway and across the street from Claremont park. Can you ask for anything else that is more convenient than this in the market? Come and view this one of a kind opportunity before it is too late. A/O.. CONTRACTS ARE OUT. Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,

21. 2019-04-19
    listed $895,000 Active 1063-char remark

    Show marketing remark (1063 chars)

    A magnificent 3 family home is an uncommon sale but one that will not last long in the great area of Mount Eden in the Bronx. This rare gem sits in a corner lot. The house is move in ready with minor TLC needed to make it your forever home. The 1st floor has a 3 bedroom unit with a formal dining room with an eat in kitchen, a very large living room with a potential income of over $2,500. The 2nd floor has 2 units with a 1 bedroom and one of the units has a home office that can have a potential combine income of over $3,000. Let’s not forget to mention a 2 car garage, a washer and a very large basement that can be used for storage or to re-model to your liking. The location is phenomenal as it is close to trains and busses, schools, shops, hospital, highway and across the street from Claremont park. Can you ask for anything else that is more convenient than this in the market? Come and view this one of a kind opportunity before it is too late. A/O.. CONTRACTS ARE OUT. Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,

ⓘ 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: $7,977 · $665/mo
• Projected year-2 tax: $16,232 · $1,353/mo
• Expected delta: +$8,256/yr (+$688/mo · 103.5%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 14 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: $118,404
• − Mortgage interest: −$81,167
• − Property taxes: −$7,977
• − Insurance: −$8,042
• − Repairs & maintenance: −$9,472
• − Management: −$9,472
• − Depreciation: −$42,153
• Taxable loss: −$39,879
• Est. tax savings @ 24.0%: +$9,571
• After-tax cash flow: $-4,094/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): 79,543
• Household income: $42,683
• Rent vs Own: 94.8% rent · 5.2% own
• Severe rent burden: 8573.0

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: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% Black 32% Two or more races 19% White 2% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 16% Dominican 31%
• Common ancestry: Hispanic 1%
• Foreign-born: 39% · Canada, United Kingdom, Jamaica
• Languages at home: 33% English-only · Spanish 54% French/Haitian/Cajun 2% Arabic 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: ▲ 4.30%
• Current HPI: 160.6434
• 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

+67.6% since first listed

10 events — show timeline

• 2026-03-17 Listed $1,499,999 OneKey® MLS as Distributed by MLS Grid
• 2025-03-27 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-08-14 Price Changed $1,375,000 OneKey® MLS as Distributed by MLS Grid
• 2024-07-17 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-06-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-02-14 Listed $1,625,000 OneKey® MLS as Distributed by MLS Grid
• 2019-08-14 Sold (Public Records) $740,000 Public Records
• 2019-08-06 Sold (MLS) $740,000 OneKey® MLS as Distributed by MLS Grid
• 2019-05-18 Pending — OneKey® MLS as Distributed by MLS Grid
• 2019-04-19 Listed $895,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+8.8%/yr

Latest (2025): $7,977 · +8.0% YoY. Source: county tax records.