591 van Nest Ave Bronx, NY 10460
Van Nest NeighborhoodEstimated payment $6,214/month
About This Home
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.
Listing Agent
Coldwell Banker American Homes Brokerage Phone: 718-206-1340 License #10401388180 Listed on: 06/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,618
Year Built
- Built in 1908
Parking
- On-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
Schools
- Ps/Ms 498 Van Nest Academy Elementary School
- JHS 127 Castle Hill Middle School
- Bronx Academy Of Health Careers High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
Additional Features
- Walk-Out Basement
- 2,375 Sq Ft Lot
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 04021-0029
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $18,618 | $153,756 | $2,092 | $151,664 |
| 2025 | $18,613 | $148,945 | $1,806 | $147,139 |
| 2024 | $18,613 | $148,880 | $2,167 | $146,713 |
| 2023 | $16,916 | $137,901 | $2,083 | $135,818 |
| 2022 | $15,628 | $542,700 | $9,000 | $533,700 |
| 2021 | $0 | $453,150 | $9,000 | $444,150 |
| 2020 | $14,291 | $498,600 | $9,000 | $489,600 |
| 2019 | $14,444 | $565,560 | $9,000 | $556,560 |
| 2018 | $13,492 | $106,078 | $1,350 | $104,728 |
| 2017 | $12,497 | $98,257 | $1,363 | $96,894 |
| 2016 | $11,729 | $90,980 | $1,392 | $89,588 |
| 2015 | $7,615 | $88,133 | $1,406 | $86,727 |
| 2014 | $7,615 | $88,095 | $1,155 | $86,940 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2026 07/11/26 | Price Changed | $849,999 | -2.9% | $149 / Sq Ft |
| 06/26/2026 06/26/26 | For Sale | $874,999 | -- | $154 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $725,000 | -- | |
| Bargain Sale Deed | $275,000 | The Judicial Title Ins Agenc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $675,000 | Purchase Money Mortgage | |
| Closed | $192,500 | Commercial |
Source: OneKey® MLS
MLS Number: 1019151
APN: 04021-0029
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Based on information submitted to the MLS GRID
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