USANYBronx591 Van Nest Ave
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New
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$874,999

For Sale

8 hours ago

591 Van Nest Ave, Bronx, NY

House

MLS® 1019151

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $18,618
Days Active 0
Lot Size 0.0545 Acres
Approx. Age 1908
MLS® Number 1019151

Property Address: 591 Van Nest Ave, Bronx, NY, 10460-2740

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1019151
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1908
BasementWalk-Out Access
DrivewayOn Street
Garage Spaces
HeatNatural Gas, Other
A/CWall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 26, 2026List Date
$874,999List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 26, 2026List Date
$874,999List Price
-End Date
Not Sold YetSold Price

For Sale

Aug 14, 2025List Date
$999,999List Price
  • Commute

Commute

Starting Address
Destination Address
591 Van Nest Ave, Bronx, NY

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