Six-Unit Brick Rent-Stabilized
591 Van Nest Avenue Bronx, NY 10460
MULTI_FAMILY - Bronx, NY
Lot size:
0.05 Acres- Added:
- Jun 26, 2026
- Days on Market:
- 15
- Last Refresh:
- Jul 10 at 1:06 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
Listing agent Amer F. Alsaidy (929) 452-6838
Listing office Coldwell Banker American Homes 18813 Union Tpke, East Meadow, NY (718) 206-1340
Listing date Jun 26, 2026
MLS# 1019151
Listing URL
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
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Current Use by Public Records
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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
