2284 Amsterdam Ave - Apartments FOR SALE


New York, NY 10033- Washington Heights
$5,490,000 USD
646-982-5856
2284 Amsterdam Ave, New York, NY for Sale
$5,490,000 USD
Apartments - FOR SALE
1/4
null | 7.32% Cap Rate

2284 Amsterdam Ave
New York, NY 10033
Washington Heights


OVERVIEW

Wingate Advisors is pleased to offer 2284–2290 Amsterdam Avenue , a six-story corner walk-up apartment building in Washington Heights with 100 feet of frontage along Amsterdam Avenue, directly across from High Bridge Park. The property totals approximately 17,375 SF on a 35' × 100' lot and includes 20 residential units, 4 ground-floor retail units, and an antenna. All apartments are two-bedroom layouts, many with generous floor plans, and have been fully renovated in recent years. The asset offers immediate upside of approximately $58,000–$64,000 annually from preferential rents and vacancies. As units turn, ownership can eliminate preferential rents and reconfigure or combine apartments to drive rents to market. The retail component benefits from strong visibility and two-way traffic along Amsterdam Avenue, with additional value-add potential upon lease expirations. Located minutes from the A, C, and 1 subway lines, major institutional anchors, and recently upgraded parkland, the property presents a compelling opportunity to acquire a well-located, value-add multifamily asset in Manhattan.

FOR SALE DETAILS

PRICE

$5,490,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

24

PRICE/UNIT

$228,750

CAP RATE

7.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R7-2

APN/PARCEL ID

2130-0048

ASK ABOUT THIS PROPERTY

Ariel Ben EzraWingate AdvisorsMore Info
646-982-5856

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Ariel Ben EzraWingate AdvisorsMore Info
646-982-5856

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.