Corner Mixed-Use
For Sale
$3,300,000
1734 Amsterdam Avenue, New York, NY 10031
Combines residential apartments with ground-floor commercial storefronts.
Property Size8,354 SF
Price / SF$395.02
Days on Market98
Property Features for 1734 Amsterdam Avenue
General Information
Standard status
Active
Size
8,354 SF
Property subtype
Mixed-Use
Occupancy
90%
Site & Location
Neighborhood
Harlem
Corner Location
Yes
Public Transit
Yes
Units
Unit Mix
8 x 2BR
Multifamily Units
8
Additional Details
Cap Rate
8.01%
Amenities
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.
Building Details
Building Size
8,354 SF
Buildings
1
Units
11
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Seth Glasser · License #License(s): NY: 10301209629
(212) 430-5136
Source:
Marcusmillichap
Added: Jul 30
Changed: Oct 26
Last Checked: Nov 3 at 3:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
1734 Amsterdam Avenue is a corner mixed-use walk-up building spanning 8,354 square feet. The property comprises 11 units, including 8 residential apartments and 3 commercial stores on the ground floor. All 8 apartments are configured as two-bedroom units, with 3 identified as free market. The building has been owned and operated by the same family for over 8 years.
The property is located at the corner of Amsterdam Avenue and West 146th Street in Hamilton Heights, with the commercial space positioned along the Amsterdam retail corridor. Riverside Park, Riverside Park and Jackie Robinson Park, and Public School 153 are a short walk away. The 145th Street A, C, B, and D trains are also nearby.
The property is located at the corner of Amsterdam Avenue and West 146th Street in Hamilton Heights, with the commercial space positioned along the Amsterdam retail corridor. Riverside Park, Riverside Park and Jackie Robinson Park, and Public School 153 are a short walk away. The 145th Street A, C, B, and D trains are also nearby.
Key Highlights
- 8,354‑square‑foot corner mixed‑use walk‑up building
- 11 units: 8 residential apartments and 3 ground‑floor commercial stores
- All 8 apartments are two‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$266,284
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,325,680
$5.3M
Cap Rate 7%
$3,804,057
$3.8M
Cap Rate 9%
$2,958,711
$3.0M
Market Conditions
NOI Build-Up for 8,354 SF
Gross rent
$501.2K $60.00/SF
− Vacancy
−$75.2K −$9.00/SF
EGI
$426.1K $51.00/SF
− OpEx
−$159.8K −$19.13/SF
NOI
$266.3K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,325,680
Cap Rate 7%
$3,804,057
Cap Rate 9%
$2,958,711
Alternative Uses
Best Use
Retail
$16.79M
$14.70M – $19.59M
NOI $1,175,613 @ 7.0% cap · market cap 35.62%
Second Best
Mixed Use
$3.80M
$3.33M – $4.44M
NOI $266,284 @ 7.0% cap · market cap 8.07%
Theoretical Best
Specialty Retail
$20.79M
$18.20M – $24.26M
NOI $1,455,601 @ 7.0% cap · market cap 44.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,378
Businesses Nearby
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Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines residential apartments with ground-floor commercial storefronts.
Where is this mixed-use property located?
The property is located at 1734 Amsterdam Avenue New York, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 8,354‑square‑foot corner mixed‑use walk‑up building; 11 units: 8 residential apartments and 3 ground‑floor commercial stores; All 8 apartments are two‑bedroom units
