1950 Amsterdam Avenue
New York, NY 10032

Cross street:West 156th Street

Building

Type:Low-rise
Era:Pre-war
Floors:6

Property

Ownership: income-property
Rooms: 14
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price: $7,500,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass

Description

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.

Amenities

Bike Room; Fitness Room;

  • Elevator
  • Fitness Facility
  • New Development
  • Video Intercom

Neighborhood

More listings:

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.


OLR IDX

RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.