Price Reduced 6.25%

$7,500,000 ($5,000.00 per sqft)

Est. Mortgage $37,924/mo *

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Listing courtesy of Compass Phone: (212) 913-9058

Price History

$8,000,000
9/25/2023

$7,500,000
12/5/2024

1950 Amsterdam Avenue, New York, (Washington Heights), NY, 10032

1950 Amsterdam Avenue, New York, (Washington Heights), NY, 10032
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14 rooms

14 beds

14 Full baths

1900

1,500 sqft

We have 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. 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 us.

Status:

Active

Town:

New York

Type:

Condo/Coop

Furnished Remarks:

Unfurnished

Laundry Remarks:

Laundry Room,See Remarks

Units:

1

Heating:

Electric, Wall Furnace

Cooling:

Wall Unit(s)

Levels:

1

Common Charge:

$3,035 Monthly

Lot Size:

25.000000x100.000000

Est. Taxes:

$20,316

HOA Fee

$3,035

Pet Policy:

Building No, Cats OK, Dogs OK

MLS #:

COMP-167258591807621

Community Info

School Info

Walk Score

Mass Transit

Yelp

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