Six-Unit Brick Multifamily
591 Van Nest Ave The Bronx, NY 10460
591 Van Nest Ave The, Bronx, NY, 10460
$874,999
For Sale
$874,999
Six-unit brick rent-stabilized building with open HPD/DOB violations, sold as-is with documented income and repairs.
Days on Market21
Property Features for 591 Van Nest Ave The
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1908
Listing agency
Coldwell Banker American Homes
(929) 452-6838
Listed by
Amer F. Alsaidy
(929) 452-6838
Source
Elliman
Added: Jul 3 Updated: Jul 22 at 8:39AM Checked: Jul 22 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
Six-unit brick multifamily building offered for sale as a distressed value-add opportunity. The property is described as rent-stabilized and is currently generating approximately $8,200 per month in rental income, with one apartment under a vacate order that is expected to be lifted soon. The subject unit has been completely gutted and extensively renovated, and the interior is described as virtually brand-new pending remaining requirements. The building has open HPD/DOB violations, and the property is sold as-is.
The seller reports that approximately 23 of 36 cited violations have been addressed and are awaiting HPD inspection and official clearance. Available documentation is intended to be provided to qualified buyers, including the current rent roll, income and expense information, violation reports, and details of completed improvements.
The property is located in the Van Nest section of the Bronx and is described as conveniently near Pelham Parkway, public transportation, shopping, and major highways, with Walk Score and Transit Score reported in the remarks.
The seller reports that approximately 23 of 36 cited violations have been addressed and are awaiting HPD inspection and official clearance. Available documentation is intended to be provided to qualified buyers, including the current rent roll, income and expense information, violation reports, and details of completed improvements.
The property is located in the Van Nest section of the Bronx and is described as conveniently near Pelham Parkway, public transportation, shopping, and major highways, with Walk Score and Transit Score reported in the remarks.
Key Highlights
- 1908‑built, six‑unit brick rent‑stabilized building in the Bronx
- Approximately $8,200/month in current rental income; one apartment under a vacate order close to being lifted this upcoming week
- Sold as‑is with open HPD/DOB violations; about 23 of 36 cited violations have been addressed and are awaiting HPD inspection/clearance
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FAQs
What type of property is this?
Apartment building - Six-unit brick rent-stabilized building with open HPD/DOB violations, sold as-is with documented income and repairs.
Where is this apartment building located?
The property is located at 591 Van Nest Ave The 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: 1908‑built, six‑unit brick rent‑stabilized building in the Bronx; Approximately $8,200/month in current rental income; one apartment under a vacate order close to being lifted this upcoming week; Sold as‑is with open HPD/DOB violations; about 23 of 36 cited violations have been addressed and are awaiting HPD inspection/clearance
