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2129-2133 Amsterdam Ave 24 Unit Apartment Building $4,900,000 ($204,167/Unit) 6.99% Cap Rate New York, NY 10032
EXECUTIVE SUMMARY
Investment Property Realty Group (IPRG) has been exclusively retained to arrange for the sale of 2129 Amsterdam Avenue.
The subject property is a 6-story, 25,296 SF, elevator serviced apartment building comprised of 21 apartments and 3 retail stores on the ground floor. There are currently 7 free market units and 13 rent stabilized units. The property is ideally located on the southeast corner of West 166th Street and Amsterdam Avenue in the Washington Heights neighborhood of New York. It is 2 blocks away from New York Presbyterian Hospital.
The property benefits from its proximity to the 1, A, & C subway stations at 168th Street & Broadway.
The subject property is a 6-story, 25,296 SF, elevator serviced apartment building comprised of 21 apartments and 3 retail stores on the ground floor. There are currently 7 free market units and 13 rent stabilized units. The property is ideally located on the southeast corner of West 166th Street and Amsterdam Avenue in the Washington Heights neighborhood of New York. It is 2 blocks away from New York Presbyterian Hospital.
The property benefits from its proximity to the 1, A, & C subway stations at 168th Street & Broadway.
PROPERTY FACTS
| Price | $4,900,000 | Property Subtype | Apartment |
| Price Per Unit | $204,167 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.99% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 7.77 | Building Size | 25,296 SF |
| No. Units | 24 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | R7-2, C2-4 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-2 has less parking requirements. | ||
| Price | $4,900,000 |
| Price Per Unit | $204,167 |
| Sale Type | Investment |
| Cap Rate | 6.99% |
| Gross Rent Multiplier | 7.77 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 25,296 SF |
| No. Stories | 6 |
| Year Built | 1910 |
| Zoning | R7-2, C2-4 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-2 has less parking requirements. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 3+1 | 9 | - | - |
| 4+1 | 6 | - | - |
| 5+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 2111-0050 | Improvements Assessment | $1,145,700 |
| Land Assessment | $96,750 | Total Assessment | $1,242,450 |
PROPERTY TAXES
Parcel Number
2111-0050
Land Assessment
$96,750
Improvements Assessment
$1,145,700
Total Assessment
$1,242,450
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2129-2133 Amsterdam Ave
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