Convertible 3-Bedroom HDFC
1993 Amsterdam Avenue 33, Manhattan, NY 10032
For Sale
$315,000
Renovated interiors and a flexible layout allow you to configure a third bedroom option in this HDFC co-op.
Property Size630 SF
Price / SF$500
Days on Market165
Property Features for 1993 Amsterdam Avenue 33
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
R New York
Listed By:
Socrates Gomez
(917) 330-5532
Source:
Carlinwright
Added: May 29
Changed: Nov 4
Last Checked: Nov 8 at 2:52PM
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 R New York
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Investment Insights
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This convertible HDFC co-op is a thoughtfully renovated, flexible 3-bedroom layout currently set up with two bedrooms and an option to create a third bedroom on the opposite end of the apartment. Two separate rooms near the entrance are divided by a renovated windowed bathroom with contemporary finishes, and each side can serve as bedrooms, an office, nursery space, or a combination of both. Beyond the entry hallway, an open-concept kitchen and living area serves as the center of the home, featuring a renovated kitchen with generous cabinetry, stone counter space, a dishwasher, and a breakfast bar flowing into the dining and living area. Sliding barn doors add flexibility by allowing you to further define the space while maintaining comfortable common living areas. The home also includes multiple windows and high ceilings.
The co-op is subject to 120% AMI income restrictions, with maximum allowable household income limits listed from 1 person ($142,560) through 8 people ($268,680). Financing up to 80% is permitted, and there is a 30% flip tax on profit paid by the seller.
Built in 1907, the unit totals 630 and is located at 1993 Amsterdam Avenue 33. Transportation includes the C train at both the 155th Street and 163rd Street stations, and the 1 train at the 157th Street station.
The co-op is subject to 120% AMI income restrictions, with maximum allowable household income limits listed from 1 person ($142,560) through 8 people ($268,680). Financing up to 80% is permitted, and there is a 30% flip tax on profit paid by the seller.
Built in 1907, the unit totals 630 and is located at 1993 Amsterdam Avenue 33. Transportation includes the C train at both the 155th Street and 163rd Street stations, and the 1 train at the 157th Street station.
Key Highlights
- Renovated kitchen and renovated windowed bathroom with contemporary finishes
- Dishwasher and breakfast bar flowing into the living and dining area
- Convertible setup: currently two bedrooms with option to create a third
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,711
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,220
$394.2K
Cap Rate 7%
$281,586
$281.6K
Cap Rate 9%
$219,011
$219.0K
Market Conditions
NOI Build-Up for 630 SF
Gross rent
$37.7K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.8K $56.89/SF
− OpEx
−$16.1K −$25.60/SF
NOI
$19.7K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,220
Cap Rate 7%
$281,586
Cap Rate 9%
$219,011
Alternative Uses
Best Use
Apartment 5plus
$281.6K
$246.4K – $328.5K
NOI $19,711 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.4K
$385.4K – $513.9K
NOI $30,831 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,440
Businesses Nearby
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Business Placement
Demographics for 10032, NY
55,170
Population
23,178
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
76%
High-School Grad
0.7 sq mi
ZIP Area
78,814
Density / Sq Mi
$56,588
Median Household Income
$40,755
Median Earnings
$1,546
Median Rent
$545,500
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated interiors and a flexible layout allow you to configure a third bedroom option in this HDFC co-op.
Where is this residential income property located?
The property is located at 1993 Amsterdam Avenue 33 Manhattan, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Renovated kitchen and renovated windowed bathroom with contemporary finishes; Dishwasher and breakfast bar flowing into the living and dining area; Convertible setup: currently two bedrooms with option to create a third
