We are pleased to highlight the sale 1848 Amsterdam Avenue. The subject property is a four (4) story mixed-use walkup building including six (6) residential units and one (1) commercial space on the ground floor. The building is located on Amsterdam Avenue between West 151st Street and West 152nd Street. The residential units were completely renovated and are all 1 bedrooms. The retail space has a lease in place until 2026 with 5% increases per year. Additionally, there are 3 parking spaces which are each leased out at $175/month. The property is in close proximity to the A, B, C & D subway lines on West 145th Street and Saint Nicholas Avenue and the 1 Subway line on West 145th Street and Broadway.
- 4,800
SF - $635
Price/SF - 4.4%
Cap Rate - 7
Units
view all 2 photos
INVESTMENT HIGHLIGHTS
exclusive agents
Josh Lipton
Manhattan Office
212 596 7579
Andrew Levine
Manhattan Office
212 596 7570
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