591 Van Nest Avenue, Bronx, NY 10460

Bronx
Local realty services provided by:ERA Insite Realty Services
591 Van Nest Avenue,Bronx, NY 10460
$874,999
  • - Beds
  • - Baths
  • 5,700 sq. ft.
  • Multi-family
  • Active
Listed by: amer f. alsaidy
Office: coldwell banker american homes
MLS#:1019151
Source:OneKey MLS

Price summary

  • Price:$874,999
  • Price per sq. ft.:$153.51

About this home

DISTRESSED VALUE-ADD OPPORTUNITY – CASH BUYERS & EXPERIENCED INVESTORS ONLY. Six-unit brick rent-stabilized building in the Van Nest section of the Bronx offered at a price reflecting its current condition and operational challenges. The property currently generates approximately $8,200 per month in rental income with one apartment presently under a vacate order which is close getting lifted this upcoming week. Several units are rented below legal regulated rents, presenting long-term repositioning potential for investors experienced with New York City's rent stabilization system. The current owner has made substantial investments into the property despite its challenges. Approximately 23 of the 36 cited violations have been addressed and are currently awaiting HPD inspection and official clearance. In addition, the apartment subject to the vacate order has been completely gutted and extensively renovated, offering a virtually brand-new interior once the remaining requirements are...

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Home facts

  • Year built:1908
  • Listing ID #:1019151
  • Added:2 day(s) ago
  • Updated:June 29, 2026 at 12:28 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Walk-Out Access
  • Living area:5,700 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1908
  • Building area:5,700 sq. ft.
  • Lot area:0.05 Acres
  • Construction Materials:Brick

Schools

  • High school:Bronx Academy Of Health Careers
  • Middle school:Jhs 127 Castle Hill (The)
  • Elementary school:Ps/Ms 498 Van Nest Academy

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$874,999
  • Price per sq. ft.:$153.51
  • Tax amount:$18,618 (2025)

Parking

  • Parking description:On Street
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