508 VAN NEST, Bronx, NY, 10460 | $1,395,000

Introducing a newly constructed attached three-unit property located in the highly desirable Van Nest section of the Bronx. Built with modern living and long-term value in mind, this impressive residence delivers a rare opportunity for both end-users and investors seeking a turnkey asset with strong income-producing potential. Thoughtfully designed with contemporary finishes, spacious interiors, and updated building systems, this property offers the perfect blend of comfort, functionality, and investment appeal. The residence features a total of 9 generously sized bedrooms and 5 beautifully finished bathrooms spread across three well-planned units. Each residence offers an open-concept layout that seamlessly connects the living and dining areas, creating an inviting atmosphere ideal for everyday living and entertaining. The kitchens are designed with style and practicality in mind, showcasing quality cabinetry, sleek countertop surfaces, modern fixtures, and ample storage space. Natural light flows throughout the property, enhancing the clean modern aesthetic and creating bright, welcoming interiors. The bedrooms are comfortably proportioned with substantial closet space, while the bathrooms are finished with contemporary materials and tasteful design elements that complement the overall sophistication of the home. Constructed with modern efficiency standards, the property includes updated mechanical systems, energy-efficient components, central heating and cooling, and in-unit laundry hookups where applicable. Every detail has been carefully considered to provide convenience, durability, and low-maintenance ownership for years to come. Perfectly positioned in Van Nest, the property offers easy access to major highways, public transportation, shopping centers, local restaurants, parks, schools, and neighborhood conveniences. Its strategic location makes commuting throughout the Bronx and into Manhattan both practical and efficient. This exceptional opportunity is ideal for a purchaser looking to occupy one residence while benefiting from rental income generated by the additional units. It also presents a strong option for investors seeking a newly built income-producing property with minimal upfront maintenance requirements and substantial earning potential. Estimated rental income for each three-bedroom residence ranges from approximately $3, 500 to $3, 850 per month, creating a potential gross monthly income between $10, 500 and $11, 550. Annual gross income projections can exceed $138, 000, making this a compelling addition to any real estate portfolio. In addition to the sale, our team also provides full rental and tenant-placement services after closing, offering a seamless transition from acquisition to income generation. We help position your investment for immediate cash flow and long-term success.

Features

  • Bedrooms: 9
  • Baths: 5 full
  • Style: Other
  • Year Built: 2024
  • Heating: Electric, Other
  • Cooling: None
  • Basement: Finished
  • Est. Taxes: $3,450
  • Elem. School: Contact Agent
  • High School: Contact Agent
  • School District: Contact Agent
  • MLS#: 1000425
  • Days on Market: -3 day
  • Website: https://www.raveis.com
    /eprop/1000425/508vannest_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of WW Realty Group Inc   Phone: 917-319-8892

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

508 VAN NEST, Bronx, NY, 10460

$1,395,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,116,000 $1,116,000 $1,116,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.361% 6.183%
Monthly Tax Payment $288 $288 $288
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,337 $6,871 $9,417
Total Monthly Payment $6,750 $7,284 $9,830

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.