FOR SALE: 2284 AMSTERDAM AVE | NEW YORK, NY 10033

FOR SALE: 2284 AMSTERDAM AVE | NEW YORK, NY 10033

Link to Listing:
https://www.crexi.com/properties/777194/new-york-2284-amsterdam-ave

2284 Amsterdam Avenue
ASKING PRICE: $7,475,000
Proforma Cap Rate: 5.80%
PROPERTY SUMMARY
  • Five-story walkup corner mixed-use building consisting of four stores and twenty apartments
  • Potential value-add in current rent roll from the 10% spread between Legal Rents & Preferential Rents related to COVID Discounts and future rent growth
  • Four sides of Light & Air
  • Building is in pristine condition; Major Capital Improvements have been completed
  • Short walk to the 175th St A train, across the street from High Bridge, and a couple of blocks from New York-Presbyterian and Columbia University Medical Center.
PROPERTY INFORMATION
Address: 2284 Amsterdam Ave, New York, NY 10033
Cross Streets: Corner of Amsterdam Ave & W 173rd St
Neighborhood: Washington Heights
Block & Lot: 2130-48
Building Dimensions: 35 x 100
Building SF: 17,375
Stories: 5
Residential Units: 20
Commercial Units: 4
Total Units: 24

Contact Exclusive Broker:

Sam Schertz
Lic. Real Estate Salesperson

sam.schertz@schuckmanrealty.com

 

Baruch Edelkopf
Lic. Associate RE Broker
be@schuckmanrealty.com

About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey, and the surrounding tri-state area. The Investment Sales team at Schuckman Realty Inc. brings vast and nuanced market knowledge, insight, and ingenuity to your portfolio from inception to completion. Schuckman Realty offers expertise in determining a property’s best use in terms of value gains to investors, extensive research and vetting process, access to qualified buyers and a proven sales & marketing team with a creative approach to maximize value.

Keywords: Property for Sale, Commercial Real Estate, Investment Sales, Property Sale, Schuckman Realty, Real Estate Sales, Multi family Investment, multi-family, multi-family investing, building for sale, investment , mixed use property, mixed use.