2085 Amsterdam Ave - Apartments FOR SALE


New York, NY 10032- Washington Heights
$2,800,000 USD
610-717-6292
2085 Amsterdam Ave, New York, NY for Sale
$2,800,000 USD
Apartments - FOR SALE
1/11
null | 6.4% Cap Rate

2085 Amsterdam Ave
New York, NY 10032
Washington Heights


OVERVIEW

New York Multifamily is pleased to present 2085 Amsterdam Avenue, a prime investment opportunity in the heart of Washington Heights. Located between West 163rd and West 164th Streets, this five-story walk-up spans 15,200 square feet and consists of 14 residential units and 2 retail stores. The property has an average rent of $1,445 per unit and has been well-maintained under the same family ownership for over 20 years. Strategically positioned just a 3-minute walk from the A, C, and 1 Subway Lines at 163rd Street & Amsterdam Ave, this asset offers a strong location with excellent accessibility. Nearby neighborhood highlights include Columbia University Irving Medical Center, Highbridge Recreation Center, and Harlem River Drive. THE OPPORTUNITY • The Building: The 16-unit property includes 6 two-bedroom and 8 three-bedroom apartments, along with two ground-floor retail spaces occupied by a café and hair salon. • Metrics: 8.2x GRM | $184 per square foot • Prime Location: 2085 Amsterdam Avenue is conveniently located near The Columbia University Irving Medical Center, The Highbridge Recreation Center, Harlem River Drive, and the 163rd Street Subway Station.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

16

PRICE/UNIT

$175,000

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,825 SF

ZONING

R7-2, New York (C7)

APN/PARCEL ID

2110-0062

ASK ABOUT THIS PROPERTY

Ethan BoniMarcus & MillichapMore Info
610-717-6292

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Ethan BoniMarcus & MillichapMore Info
610-717-6292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.