1950 Amsterdam AveNew York, NY 10032

This exceptional six-story, 12,362 square foot elevator building, completed in 2024, offers a compelling investment opportunity. Located in the desirable Washington Heights neighborhood of New York City at 1950 Amsterdam Avenue, this Class A multifamily property boasts 21 units, currently 100% occupied as of September 30, 2024, with an in-place cap rate of 6.00% and a pro-forma cap rate of 7.00%. The building features a mix of studio and one-bedroom apartments, each appointed with high-end finishes including keyless entry, remote video intercom, rich white oak hardwood floors, high ceilings, independent climate control, and designer kitchens with Bertazzoni ranges and stainless steel appliances. Building amenities include a boutique fitness room, common bike storage, and a landscaped backyard. Situated on a 2,500 square foot lot, the property benefits from its proximity to the #1 train and numerous cultural attractions such as The Met Cloisters and the Hispanic Society Museum & Library. The building's strong occupancy and desirable location, combined with its modern amenities, create a stable and attractive investment opportunity in a thriving neighborhood. The property is zoned R7-2, C2-4 and is offered as a condominium. This is a stabilized investment property with in-place rents averaging $60 per square foot. The building is comprised of one building with six stories. The property's address is 1950 Amsterdam Avenue, New York, NY 10032. The APN is 2115-36.