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Property profile & analytics
OFF-MARKET
Specialty properties

523 Amsterdam Ave New York, NY 10024

20,370 SF 0.07 ac lot Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Year built 1900
Total area 20,370 SF
Lot 0.07 ac (3,049 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 85 CONVENIENT STORE 15 CORP. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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