Ad #7982686
MLS #1019151
DISTRESSED VALUE-ADD OPPORTUNITY - CASH BUYERS & EXPERIENCED
591 Van Nest Ave, Bronx, NY 10460
$874,999
--Beds
--Baths
--Sqft
0.06Acres
About this property
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.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1908
0.06 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 Aug 12, 2026
Photo Gallery
$874,999
--
Beds
--
Baths
--
Sqft
591 Van Nest Ave, Bronx, NY 10460
By contacting this agent you agree to these Terms and Conditions.
MLS# 1019151
DISTRESSED VALUE-ADD OPPORTUNITY - CASH BUYERS & EXPERIENCED
$874,999
591 Van Nest Ave, Bronx, NY 10460
--
Beds
--
Baths
--
Sqft
0.06
Acres
$874,999
591 Van Nest Ave, Bronx, NY 10460
-- Beds
-- Baths
-- Sqft
0.06 Acres
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.
46 days
on BeachHouse.com
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1908
0.06 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
27 times
Listing Status
Active
Added
Jun 27, 2026
Last Refreshed
Jul 03, 2026 06:17:28 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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