Compass has 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. - This is a hot deal at 6.5 cap -35 year tax abatement -All utilities paid by tenants -Waiting list of renters from Universities 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 Compass.