Corner Mixed-Use
New
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 Market3
Property Features for 1734 Amsterdam Avenue
General Information
Standard status
Active
Size
8,354 SF
Property subtype
Mixed-Use
Site & Location
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
Tenancy
Multi
Listing Agency:
New York City Office
(212) 430-5136
Listed By:
Seth Glasser · License #License(s): NY: 10301209629
(212) 430-5136
Source:
Marcusmillichap
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 6:32PM
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 New York City Office
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $501.2k | $60.00 |
| − Vacancy | −$75.2k | −$9.00 |
| EGI | $426.1k | $51.00 |
| − OpEx | −$159.8k | −$19.13 |
| NOI | $266.3k | $31.88 |
8,354 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
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.
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,378
Businesses Nearby
Explore this area
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
Market
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
