Log In/Sign Up
Your email has been sent.
2284 Amsterdam Ave 24 Unit Apartment Building $5,490,000 ($228,750/Unit) 7.32% Cap Rate New York, NY 10033
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $5,490,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $228,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.32% | Building Size | 17,300 SF |
| No. Units | 24 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7-2 - 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 | $5,490,000 |
| Price Per Unit | $228,750 |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 17,300 SF |
| No. Stories | 6 |
| Year Built | 1911 |
| Opportunity Zone |
Yes |
| Zoning | R7-2 - 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. |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 2+1 | 20 | - | 650 - 756 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 2130-0048 | Improvements Assessment | $840,420 |
| Land Assessment | $149,850 | Total Assessment | $990,270 |
PROPERTY TAXES
Parcel Number
2130-0048
Land Assessment
$149,850
Improvements Assessment
$840,420
Total Assessment
$990,270
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2284 Amsterdam Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.