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    2129 Amsterdam Ave New York, NY 10032

    Sponsored
    For Sale
    $4,900,000

    24 Units, 6.99% Cap Rate, $4.9M

    Property size:
    25,296 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional six-story elevator building, located at 2129 Amsterdam Avenue in the Washington Heights neighborhood of New York City, presents a compelling investment opportunity. Boasting 25,296 square feet, the property comprises 21 apartments and three ground-floor retail spaces. The unit mix includes seven free-market and thirteen rent-stabilized apartments, offering a blend of income streams. Situated on the southeast corner of West 166th Street and Amsterdam Avenue, this property enjoys excellent visibility and accessibility. Its proximity to New York Presbyterian Hospital and the 1, A, and C subway lines at 168th Street and Broadway enhances its appeal and potential for strong tenant occupancy. The building's strong financial performance is reflected in its current Net Operating Income (NOI) of $342,686 and a 6.99% capitalization rate. The asking price is $4,900,000, translating to a price per square foot of $193.71. This well-located, multi-family asset offers a solid foundation for long-term investment growth in a thriving New York City neighborhood. The zip code is 10032, and the property is in New York County.

    Property Features for 2129 Amsterdam Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    25,296 SF

    Building Details

    Units
    24

    HighLights

    • $4,900,000 Asking Price
    • 24‑Unit Multifamily Apartment Building
    • 25,296 Square Feet
    • $193.71 Price Per Square Foot
    • 6.99% Cap Rate with $342,686 NOI
    • Located at 2129 Amsterdam Ave, New York, NY 10032
    Property Profile Location Intelligence

    Current Use by Public Records

    Native Noodles Singaporean Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9378649
    Latitude
    40.8382732

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    FAQs

    What type of property is this?
    Multifamily property - 24 Units, 6.99% Cap Rate, $4.9M
    Where is this multifamily property located?
    The property is located at 2129 Amsterdam Ave New York, NY.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: $4,900,000 Asking Price; 24-Unit Multifamily Apartment Building; 25,296 Square Feet
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2129 Amsterdam Ave New York, NY 10032
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