Ad #7982686
MLS #1019151
VALUE-ADD SIX-UNIT RENT-STABILIZED MULTIFAMILY INVESTMENT
591 Van Nest Ave, Bronx, New York, 10460
$849,999
--Beds
--Baths
--Sqft
0.055Acres
About this property
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 for increased income over time for an experienced owner familiar with New York City rent stabilization regulations. The property is being offered AS IS and is best suited for an experienced multifamily investor seeking a value-add opportunity. Available documentation includes the rent roll, income and expense information, violation reports, and details of completed improvements. Serious investors are encouraged to review the property and documentation.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1908
0.055 Acres
On Street
Siding: Brick
Natural Gas
$18,618 / yr property tax
Bronx County
Additional Photos
Contact Information
Amer F. Alsaidy
Coldwell Banker American Homes
929-452-6838
Location
Listing Agent: Amer F. Alsaidy 929-452-6838
Broker: Coldwell Banker American Homes 800-270-6318 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Coldwell Banker American Homes 800-270-6318 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$849,999
--
Beds
--
Baths
--
Sqft
591 Van Nest Ave, Bronx, New York, 10460
By contacting this agent you agree to these Terms and Conditions.
MLS# 1019151
VALUE-ADD SIX-UNIT RENT-STABILIZED MULTIFAMILY INVESTMENT
$849,999
591 Van Nest Ave, Bronx, New York, 10460
--
Beds
--
Baths
--
Sqft
0.055
Acres
$849,999
591 Van Nest Ave, Bronx, New York, 10460
-- Beds
-- Baths
-- Sqft
0.055 Acres
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 for increased income over time for an experienced owner familiar with New York City rent stabilization regulations. The property is being offered AS IS and is best suited for an experienced multifamily investor seeking a value-add opportunity. Available documentation includes the rent roll, income and expense information, violation reports, and details of completed improvements. Serious investors are encouraged to review the property and documentation.
27 days
on BeachHouse.com
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1908
0.055 Acres
EXTERIOR
On Street
Siding: Brick
INTERIOR
Natural Gas
FINANCIAL & COMMUNITY
$18,618 / yr property tax
Bronx County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7982686
Viewed
14 times
Listing Status
Active
Added
Jun 27, 2026
Last Refresh
Jul 24, 2026 07:15:10 PM
Listing Information
Data Source
OneKey MLS
Source Property ID
1019151
Listing Agent: Amer F. Alsaidy 929-452-6838
Broker: Coldwell Banker American Homes 800-270-6318 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Coldwell Banker American Homes 800-270-6318 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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