Manhattan, NY 10032,1950 Amsterdam Avenue
Manhattan, NY 10032,1950 Amsterdam Avenue
Manhattan, NY 10032,1950 Amsterdam Avenue
Manhattan, NY 10032,1950 Amsterdam Avenue
Manhattan, NY 10032,1950 Amsterdam Avenue
Manhattan, NY 10032,1950 Amsterdam Avenue
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Listing Courtesy of Compass
$ 8,000,000
Est. payment | /mo

14 Beds

14 Baths

1,500 SqFt


Save
$ 8,000,000
Est. payment | /mo
Save

14 Beds

14 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $5,333

Subdivision Washington Heights

MLS Listing ID COMP-1672585918076219833

Bedrooms 14

Full Baths 14

HOA Fees $3,035/mo

HOA Y/N Yes

Year Built 1900

Annual Tax Amount $20,316

Property Description

We have been exclusively retained to arrange the sale of 1950 Amsterdam Avenue, a newly constructed six-story elevator building located in the Washington Heights neighborhood of New York. Completed in 2024, this property sits on the west side of Amsterdam Avenue between 156th and 157th Streets, just one block from the Broadway #1 train station.

Property Details:

Units: 15 total (14 free-market residential units and 1 commercial retail unit)

8 Studios

6 One-Bedroom Apartments

Size: Approximately 12,362 gross square feet

Features:

Keyless entry and remote video intercom

Common bike storage

Boutique fitness room

Landscaped backyard

Oversized casement windows

Rich white oak hardwood floors

High ceilings

Independent climate control

Designer kitchens with Bertazzoni electric ranges, stainless steel appliances, and stone countertops

In-unit washer-dryers

Investment Highlights:

Lease Status: 100% leased

Rent: In-place rents average $60 per square foot .

Location: Walking distance to The Met Cloisters, United Palace concert hall, Morris-Jumel Mansion, and Hispanic Society Museum & Library. The area features ample parks and green space, offering a serene residential environment with excellent public transportation options.

Investment Potential:

This property presents a unique opportunity for investors seeking a newly constructed, fully leased, free-market asset in a desirable location. With its modern amenities and attractive rent basis, it caters to a diverse tenant pool, including young professionals seeking convenience and charm.

Washington Heights is characterized by its blend of historic charm and modern living, surrounded by fitness centers, parks, shopping, dining, and essential services such as hospitals and schools.

For additional information or to arrange a viewing, please contact us.

Location

State NY

County Newyork

Rooms

Ensuite Laundry Laundry Room, See Remarks

Interior

Interior Features High Ceilings

Laundry Location Laundry Room,See Remarks

Heating Electric, Wall Furnace

Cooling Wall Unit(s)

Flooring Hardwood

Furnishings Unfurnished

Fireplace No

Laundry Laundry Room, See Remarks

Exterior

Exterior Feature Courtyard

Private Pool No

Building

Dwelling Type Multi Family,Mixed Use

Story 1

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $4, 728

Pets Description Building No, Cats OK, Dogs OK

REBNY IDX

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Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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1950 Amsterdam Avenue