1734 Amsterdam Avenue — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Business
- Location: New York, NY 10031
Photos
Investment Figures
- Cap rate
- 8.01%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to offer the following opportunity in one of the most sought-after neighborhoods in Harlem, Hamilton Heights. 1734 Amsterdam Avenue is situated in the prime Amsterdam retail corridor, on the corner of West 146th Street, and a short walk to Riverside Park. The building spans 8,354 square feet and comprises 11 units: 8 residential and 3 commercial stores on the ground floor. 3 of the 8 apartments are free market providing investors a clear path to upside. This corner mixed-use walk-up building has been owned and operated by the same family for over 8 years and is composed entirely of two-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of the Harlem that provides future rental upside though the commercial and free market components. 1734 Amsterdam Avenue is conveniently located a few steps from Public School 153, Riverside & Jackie Robinson Parks, and 145th Street A,C, B, and D Trains. Investment Highlights: • 1734 Amsterdam Avenue, built in 1911, is composed of 3 Commercial and 8 Residential units spanning 8,354 SF. • 38% Free Market | 2-Bedroom Residential Units | Tax Class: 2B | Zoning: R7A, C1-4 • 1734 Amsterdam Avenue is well located, close to Public School 153, Riverside &Jackie Robinson Parks, and 145th Street A,C, B, and D Trains.
Market Context
This mixed use in New York, NY is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in New York, NY — view the full market.
Contact
- Seth Glasser
- Mike Fusco
- Ben Myerow
- Max Herzog · (212) 430-5165 · mherzog@ipausa.com
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