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    Six-Unit Brick Rent-Stabilized Building Title is generated by Realmo AI

    591 Van Nest Avenue, Bronx, NY 10460

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    New
    For Sale
    $874,999

    MULTI_FAMILY - Bronx, NY

    Lot size:
    0.05 Acres
    Added:
    Jun 26, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 27 at 12:06 pm

    Property Features for 591 Van Nest Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Basement
    Walk-Out Access
    Standard status
    Active
    APN
    04021-0029
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    18618

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1908
    Number of units
    6
    Building materials
    Brick

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    Amer F. Alsaidy

    Listing agent Amer F. Alsaidy

    Listing office Coldwell Banker American Homes 18813 Union Tpke, East Meadow, NY

    Listing date Jun 26, 2026

    MLS# 1019151 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Six‑unit brick rent‑stabilized building (Van Nest, Bronx), built in 1908
    • Approx. $8,200/month current rental income; one apartment is under a vacate order and close to being lifted this upcoming week
    • Current rents are reported to be below legal regulated rents, supporting long‑term repositioning aligned with NYC rent stabilization
    • Utilities include public water and public sewer; heating is natural gas and cooling includes window/wall unit(s)
    • Open HPD/DOB violations sold AS IS; about 23 of 36 cited violations have been addressed and are awaiting HPD inspection/clearance
    • The vacate‑order apartment was completely gutted and extensively renovated, with remaining requirements pending

    Overview

    This is a six-unit, brick multifamily building with rent-stabilized apartments. The property is currently generating approximately $8,200 per month in rental income. One apartment is presently under a vacate order and has been completely gutted and extensively renovated, with interior work already completed pending the remaining requirements for clearance.

    The building is located at 591 Van Nest Avenue in the Bronx, in the Van Nest section, near Pelham Parkway. The seller states the property is close to public transportation, shopping, and major highways. It is being sold as-is, with open HPD/DOB violations.

    According to the listing, approximately 23 of the 36 cited violations have been addressed and are awaiting HPD inspection and official clearance, while the remaining items are still open. This offering is best suited for cash buyers or experienced investors who can manage distressed multifamily assets in New York City and work through rent stabilization and the outstanding compliance items. The seller is prepared to provide available documentation, including the current rent roll, income and expense information, violation reports, and details of completed improvements for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.868345
    Latitude
    40.842542

    FAQs

    What type of property is this?
    Apartment building - Brick six-unit property with one recently gutted and renovated unit, sold as-is with open HPD/DOB violations.
    Where is this apartment building located?
    The property is located at 591 Van Nest Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $874,999.
    What are key features of this property?
    This property features: Six‑unit brick rent‑stabilized building (Van Nest, Bronx), built in 1908; Approx. $8,200/month current rental income; one apartment is under a vacate order and close to being lifted this upcoming week; Current rents are reported to be below legal regulated rents, supporting long‑term repositioning aligned with NYC rent stabilization
    More about this property
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