591 Van Nest Avenue, Bronx, NY 10460
Local realty services provided by:CENTURY 21 Monticello Realty
591 Van Nest Avenue,Bronx, NY 10460
$874,999
- - 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:$874,999
- Price per sq. ft.:$153.51
About this home

DISTRESSED VALUE-ADD OPPORTUNITY – CASH BUYERS & EXPERIENCED INVESTORS ONLY.
Six-unit brick rent-stabilized building in the Van Nest section of the Bronx offered at a price reflecting its current condition and operational challenges. The property currently generates approximately $8,200 per month in rental income with one apartment presently under a vacate order which is close getting lifted this upcoming week. Several units are rented below legal regulated rents, presenting long-term repositioning potential for investors experienced with New York City's rent stabilization system.
The current owner has made substantial investments into the property despite its challenges. Approximately 23 of the 36 cited violations have been addressed and are currently awaiting HPD inspection and official clearance. In addition, the apartment subject to the vacate order has been completely gutted and extensively renovated, offering a virtually brand-new interior once the remaining requirements are satisfied.
The building currently has open HPD/DOB violations and is being sold AS IS. Sellers are prepared to provide available documentation, including the current rent roll, income and expense information, violation reports, and details of completed improvements to qualified buyers.
This is an opportunity for an experienced operator looking to acquire a well-located multifamily asset at a significant discount while benefiting from the significant rehabilitation work already completed by the current owner. Conveniently located near Pelham Parkway, public transportation, shopping, and major highways.
Serious inquiries only. Cash buyers or purchasers with financing suitable for distressed multifamily assets are encouraged....
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Home facts
- Year built:1908
- Listing ID #:1019151
- Added:3 day(s) ago
- Updated:June 30, 2026 at 11:12 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:$874,999
- Price per sq. ft.:$153.51
- Tax amount:$18,618 (2025)
Parking
- Parking description:On Street
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