523 Amsterdam Ave New York, NY 10024
This exceptional 20,370 square foot, six-story building at 523 Amsterdam Avenue, situated between West 85th and 86th Streets, presents a unique investment opportunity. The property boasts a coveted C2-7A zoning designation and offers immediate possession of a 425 square foot vacant ground floor retail space, complemented by a 500 square foot lower level. With 25 feet of prime frontage on Amsterdam Avenue, this location benefits from exceptional visibility and foot traffic in a vibrant Upper West Side neighborhood. The building, constructed in 1900, is a single-tenant property, currently featuring a mix of retail and special purpose uses. Its strategic location places it amongst established businesses such as Jacob's Pickles, E's Bar, and numerous other popular restaurants and shops. The property sits on a 0.07-acre lot and includes no parking spaces. This is an unparalleled chance to acquire a well-positioned asset in one of Manhattan's most desirable neighborhoods. The property's strong location and flexible zoning offer significant potential for a variety of uses. This is a rare opportunity to establish a presence in a thriving commercial corridor.
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85 CONVENIENT STORE 15 CORP. (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.