718-896-0777 info@realtydepotny.com
logo
  • Home
  • Listings
    • Our Listings
    • Our Rentals
    • Search Properties
    • Open Houses
    • Sold Properties
    • Rented Listings
    • List With Realty Depot
  • About Us...
    • About Us
    • Our Agents
    • Customer Testimonials
    • List With Realty Depot
    • Our Blog
    • Contact Us
  • Fair Housing Notice
  • Standardized Operating Procedure

Single Family House for Sale in Bronx, New York, Bronx, NY 10460 | Web ID: 1019151 | $849,999

591 Van Nest Avenue , Bronx , NY 10460

 
Single Family in New York - Van Nest Avenue  Bronx, NY 10460Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-2Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-3Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-4Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-5Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-6Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-7Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-8Single Family Van Nest Avenue  Bronx, NY 10460, MLS-1019151-9
 

Property Description

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 Information

Location/Town New York
Area/County Bronx
Post Office/Postal City Bronx
Prop. Type Single Family House for Sale
Tax $18,618.00
Year Built 1908
Basement Walk-Out Access
Construction Brick
Total Units 6
Lot SqFt 2,375
Cooling Wall/Window Unit(s)
Heat Source Natural Gas, Other
Util Incl Electricity Available, Natural Gas Available, Water Available
Days On Market 27
Parking Features On Street
Tax Assessed Value 742050
Units 6
School District Bronx 11
Middle School Jhs 127 Castle Hill (The)
Elementary School Ps/Ms 498 Van Nest Academy
High School Bronx Academy Of Health Career
Features Other
Listing information courtesy of: Coldwell Banker American Homes

RealtyDepotNY

Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

View This Property on the Map

MORTGAGE CALCULATOR

Property Value
Downpayment
Loan Amount
Number of Years
Interest Rate
Annual Taxes
Annual Insurance
Mortgage:
Total Payment:
Note: web mortgage-calculator is a sample only; for actual mortgage calculation contact your mortgageg provider
footer-logo

Contact Us

Please feel free to contact us with any questions, or concens.  We are happy to answer any questions that you may have...

  • 103-13 Queens Blvd., Forest Hills, NY 11375
  • Email: info@realtydepotny.com
  • Phone: 718-896-0777
  • Fax: 718-896-7020

Links

  • Home
  • Our Listings
  • Our Rentals
  • Search Properties
  • Open Houses
  • Sold Properties
  • Rented Listings
  • About Us
  • Blog
  • List With Realty Depot
  • Our Agents
  • Testimonials
  • Contact Us

Featured Listings