# 591 Van Nest Avenue, Bronx, NY 10460

> **TL;DR:** residential multi family, $874,999, built 1908.
> A/C. Est. $4,679/mo. Listed 7 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $874,999 |
| Year Built | 1908 |
| Lot Size | 2,374 sqft (0.05 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 7 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,424 |
| Estimated Insurance | $255 |
| **Total** | **$4,679** |

## Nearby Schools

- **Elementary:** Ps/Ms 498 Van Nest Academy
- **Middle:** Jhs 127 Castle Hill (The)
- **High:** Bronx Academy Of Health Careers

## Key Amenities

- A/C

## Property Highlights

- Built in 1908
- 0.05 acre lot

## Description

### 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.

## Location

- **Address:** 591 Van Nest Avenue, Bronx, NY 10460
- **County:** Bronx County
- **Coordinates:** 40.842542, -73.868345
- **Google Maps:** https://www.google.com/maps?q=40.842542,-73.868345

## Listing Agent

- **Name:** Amer F. Alsaidy
- **Brokerage:** Coldwell Banker American Homes
- **Phone:** 9294526838

## Primary Photo

![591 Van Nest Avenue - Primary Photo](http://lh.rdcpix.com/afa12f9fcc9d334cb5c89425621c60c3l-f3593666689r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.ai/listing/591-van-nest-avenue-bronx-ny-10460-1019151)*

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**MLS#:** 1019151 | **Updated:** 2026-08-01
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/591-van-nest-avenue-bronx-ny-10460-1019151)

---

## Structured Data

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  "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 reposition",
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