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NO SATURDAY SHOWINGS! OPEN HOUSES BY APPOINTMENT ONLY! **Attached 3-Family – 10 Bedrooms, 5 Bathrooms** COMING SOON – New Construction at 506 Van Nest Avenue | Attached 3-Family – 10 Bedrooms, 5 Bathrooms Introducing a brand-new, expertly crafted 3-family residence located in the heart of the Bronx, set to redefine modern urban living. This upcoming construction at 506 Van Nest Avenue is a rare opportunity to own a high-end, income-generating property with style, functionality, and location all in one. Spanning three fully separate units, this home will offer a total of 10 spacious bedrooms and 6 sleek, modern bathrooms, providing a perfect living solution for large families, multi-generational households, or savvy investors looking to generate strong rental income. Each unit will be meticulously designed with contemporary finishes, open-concept layouts, and thoughtfully designed interiors that maximize both space and comfort. The highlight of each home is the gourmet kitchen, complete with premium countertops, state-of-the-art appliances, and stylish cabinetry—ideal for both everyday use and hosting. The expansive master suites will provide a serene retreat, featuring ample closet space and beautifully appointed en-suite bathrooms. This new construction will feature high-quality materials, energy-efficient systems, and modern conveniences, including central heating and cooling, in-unit laundry hookups, and carefully curated details throughout. Beyond the interiors, the location offers unmatched convenience. Situated in a thriving section of the Bronx, this property enjoys easy access to major highways, public transportation, and is just minutes away from shopping centers, parks, schools, and some of the area’s most exciting cultural and dining destinations. This home is perfect for those looking to live in one unit while renting out the others, creating a balance of personal space and passive income, or for investors seeking a turnkey multi-family in a high-demand market. With new construction properties in this area in high demand, don’t miss your chance to secure this gem before it’s gone.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $288 | $288 | $288 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,813 | $7,684 | $10,126 |
Total Monthly Payment | $7,226 | $8,097 | $10,539 |
* 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.