Under Contract – Backup offers may be accepted
1961 Wallace Avenue
MLS® #RLS20008497
Listing by Compass
4
Bedrooms
3
Baths
2,112
Sq. Ft.
1905
Year Built
Quick Summary
Property Highlights
- Outdoor Space: Deck
- Climate Control: Wall Units
- Character: Pre-war building (1905)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Mar 12, 2025 | $899,000 | - |
| Currently | May 6, 2026 | $899,000 | - |
Description
Introducing the perfect multi-family investment opportunity offering 3,216 sq. ft. of finished space. The finished walkout basement is 1,032 sq. ft. With 4 bedrooms and 3 bathrooms, this residence provides ample room for versatile living! Enjoy the elegance of hardwood floors and recessed lighting throughout. The kitchen features essential appliances, including a dishwasher, gas stove, and refrigerator. Step outside to a charming deck and back yard, ideal for relaxation and entertaining. The finished walkout basement has a guest room/office, recreational room, full bathroom, and summer kitchen making it your ideal entertainment area. The backyard is accessible from the 1st floor unit or the basement. Additional notes: 1 storage shed, efficient baseboard heating, wall units for cooling, and the convenience of a washer and dryer. Street parking is available for added accessibility. There are 3 electric meters, 2 gas meters, 2 boilers, and 2 hot water heaters. Seize the opportunity to own this terrific investment home!
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Van Nest
View All Van Nest ListingsVan Nest is a compact Bronx neighborhood of attached and semi-attached two-family brick homes and prewar walk-up apartments along a residential grid between the Cross Bronx Expressway and Morris Park. The 2 and 5 trains at 180th Street-Bronx Park East station are within walking distance, and the Bronx River Parkway provides direct highway access. Van Nest Park offers a neighborhood playground and sports courts.
Van Nest Live Market Data
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Live data from RLS at REBNY • Updated 5/6/26, 5:39 PM EST
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Location
1961 Wallace Avenue, Van Nest, Bronx County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $6,120, or roughly $510 per month. Verify the current assessment with your attorney before closing.
This property has 4 bedrooms and 3 full bathrooms.
The listed interior living area is 2,112 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1905, making it approximately 121 years old.
This listing is None
Pet policy requires confirmation with the listing broker.
At the current list price of $899,000 for 2,112 sq ft, the asking price per square foot is approximately $426. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Susan Chung
Listing Contact: (347) 268-3389
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/6/2026 at 9:39 PM UTC