Amal Mahmoud
Licensed Real Estate Salesperson
REALTOR®
Camillus, NY

591 Van Nest Avenue, Bronx, NY 10460

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$849,999 Active
0 Beds 0 Baths 0 Partial Bath 0.05 Acres
Days on Site 29 Year Built 1908 School Bronx 11 MLS #1019151
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Property Description

VALUE-ADD SIX-UNIT RENT-STABILIZED MULTIFAMILY INVESTMENT OPPORTUNITYSix-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.

591 Van Nest Avenue | MLS# 1019151

This multi-family property located at 591 Van Nest Avenue, Bronx, NY 10460 is currently listed for sale with an asking price of $849,999. Van Nest Avenue is located within the Bronx 11 school district. Search Bronx real estate on amal-mahmoud.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Other
Lot Size: 0.05 Acres
Taxes: $18,618
Year Built: 1908

Amenities

Other

Feature Descriptions

Building Area Total: 5700
Days on Site: 29
Exterior: Brick
On Market Date: 2026-06-26
Parcel Number: 04021-0029
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Units: 6
Utilities: Electricity Available, Natural Gas Available, Water Available
Water: Public

Local Schools

High School: Bronx Academy Of Health Careers
Middle School: Jhs 127 Castle Hill (The)
Elementary School: Ps/Ms 498 Van Nest Academy
School District: Bronx 11
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591 Van Nest Avenue, Bronx, NY 10460

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Estimated Payment

$ 3,691.15 per month $1,891.73 Principal & Interest $1,551.50 Property Tax $247.92 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Coldwell Banker American Homes
Agency Contact: 718-206-1340

Shown By

Agent Name: Amal Mahmoud
Agent Phone: (315) 450-1189 Cell
Agency Title: Coldwell Banker Prime Properties

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Amal Mahmoud
Amal Mahmoud Licensed Real Estate Salesperson Cell: (315) 450-1189 Email: amal.mahmoud@coldwellbankerprime.com
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/26/2026. The listing information on this page last changed on 07/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 07/26/2026 3:44:48 AM EST) or Global MLS (last updated Sun 07/26/2026 1:22:20 AM EST) or New York State Alliance MLS (last updated Sun 07/26/2026 2:34:56 AM EST) or Hudson Valley Catskill Region MLS (last updated Sun 07/26/2026 12:11:11 AM EST) or Berkshire MLS (last updated Sat 07/25/2026 8:13:03 PM EST) or OneKey MLS (last updated Sun 07/26/2026 1:45:33 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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