591 Van Nest Avenue
Bronx, NY 10460
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Bed
0
Bath
0.05Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Basement: Walk-Out Access -
Interior Features
Other -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Other Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1908 Building Area Total: 5700 Construction Materials: Brick Private Pool: No
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Lot Information
Lot Size Acres: 0.0545 Lot Size Square Feet: 2375
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Listing Price Information
Listing Price: $849999 Original Price: $874999
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Tax Information
Parcel Number: 04021-0029 Annual Tax: $18618.16
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Parking Information
On Street
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School Information
Elementary School: Ps/Ms 498 Van Nest AcademyJunior High School: Jhs 127 Castle Hill (The)Senior High School: Bronx Academy Of Health Careers -
Utility Information
Natural Gas Available, Electricity Available, Water Available -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1546 Leland Avenue, Bronx, NY, 10460 | $955,000 | 7 | 2 | -- | |
| 622 Mead Street, Bronx, NY, 10460 | $1,300,000 | 11 | 5 | -- | |
| 1542 Saint Lawrence Ave.., Bronx, NY, 10460 | $885,000 | -- | -- | -- | |
| 1735 Mansion Street, Bronx, NY, 10460 | $1,099,997 | 6 | 3 | -- | |
| 508 Van Nest, Bronx, NY, 10460 | $1,395,000 | 9 | 5 | -- | |
| 506 Van Nest, Bronx, NY, 10460 | $1,395,000 | 9 | 5 | -- | |
| 1711 Mansion Street, Bronx, NY, 10460 | $749,900 | 4 | 3 | -- | |
| 1738 Melville Street, Bronx, NY, 10460 | $849,000 | 6 | 2 | -- | |
| 1129 E Tremont Avenue, Bronx, NY, 10460 | $499,900 | 4 | 2 | -- | |
| 1893 Longfellow Avenue, Bronx, NY, 10460 | $1,199,000 | 5 | 3 | -- |
Similar Multifamily To 591 Van Nest Avenue
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ByOwner last updated this listing 08/18/2026 @ 17:35
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