591 Van Nest Avenue, Bronx, NY 10460

Bronx
Local realty services provided by:ERA Insite Realty Services
591 Van Nest Avenue,Bronx, NY 10460
$849,999
  • - 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:$849,999
  • Price per sq. ft.:$149.12

About this home

VALUE-ADD SIX-UNIT RENT-STABILIZED MULTIFAMILY INVESTMENT OPPORTUNITY Six-unit brick multifamily building in the Van Nest section of the Bronx, currently generating approximately $8,200 per month in rental income. The property offers significant long-term upside through the correction of existing building conditions, legal rent growth, and completion of improvements already underway. The current owner has made substantial investments into the property, with approximately 23 of 36 cited violations addressed and awaiting official clearance. One apartment has been completely gutted and extensively renovated and is currently under a vacate order, with the remaining requirements nearing completion. Several apartments are currently rented below their legal regulated rents, offering potential for increased income over time for an experienced owner familiar with New York City rent stabilization regulations. The property is being offered AS IS and is best suited for an experienced...

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Home facts

  • Year built:1908
  • Listing ID #:1019151
  • Added:47 day(s) ago
  • Updated:August 13, 2026 at 11:08 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:$849,999
  • Price per sq. ft.:$149.12
  • Tax amount:$18,618 (2025)

Parking

  • Parking description:On Street
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