For Sale
$4,900,000

2129 Amsterdam AveNew York, NY 10032

24 Units, 6.99% Cap Rate, $4.9M

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional six-story elevator building, located at 2129 Amsterdam Avenue in the Washington Heights neighborhood of New York City, presents a compelling investment opportunity. Boasting 25,296 square feet, the property comprises 21 apartments and three ground-floor retail spaces. The unit mix includes seven free-market and thirteen rent-stabilized apartments, offering a blend of income streams. Situated on the southeast corner of West 166th Street and Amsterdam Avenue, this property enjoys excellent visibility and accessibility. Its proximity to New York Presbyterian Hospital and the 1, A, and C subway lines at 168th Street and Broadway enhances its appeal and potential for strong tenant occupancy. The building's strong financial performance is reflected in its current Net Operating Income (NOI) of $342,686 and a 6.99% capitalization rate. The asking price is $4,900,000, translating to a price per square foot of $193.71. This well-located, multi-family asset offers a solid foundation for long-term investment growth in a thriving New York City neighborhood. The zip code is 10032, and the property is in New York County.

Highlights

  • $4,900,000 Asking Price
  • 24-Unit Multifamily Apartment Building
  • 25,296 Square Feet
  • $193.71 Price Per Square Foot
  • 6.99% Cap Rate with $342,686 NOI
  • Located at 2129 Amsterdam Ave, New York, NY 10032

Property Details for 2129 Amsterdam Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
25,296 SF
Units
24

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8382732
Longitude
-73.9378649
2129 Amsterdam Ave, New York, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2129 Amsterdam Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message