Multifamily Vacant-User
Amsterdam Residences
205 W 85th St, New York, NY 10024
Listing Price: $24,990,000
Investment Overview
Value-Add & Repositioning Potential:
Exceptional opportunity to
renovate, operate, or redevelop. The properties offer a “blank canvas”
for uses such as modern student housing, co-living, micro-units, or
conversion to market-rate apartments or condominiums and hotel or hostel
accommodations (subject to all applicable regulations and approvals).
New condominium redevelopment units in comparable Upper West Side
buildings are achieving prices averaging over $2,000 per square foot.
Amsterdam Residences
Investment Highlights
- Prime Upper West Side Location: Situated between Central Park and Riverside Park on a desirable tree-lined street in one of Manhattan's most sought-after residential neighborhoods.
- Significant Scale & Existing Infrastructure: Two interconnected buildings totaling approximately 32,891 sq. ft. plus basement community space. The properties feature 156 existing resident rooms and 23
- Delivered Vacant Offering: Opportunity for investors, operators, or developers to acquire the properties delivered vacant (subject to the occupancy of five existing SRO units at 207 W 80th street), al
Exclusively Listed By
Listing Price: $24,990,000
Investment Highlights
- Prime Upper West Side Location: Situated between Central Park and Riverside Park on a desirable tree-lined street in one of Manhattan's most sought-after residential neighborhoods.
- Significant Scale & Existing Infrastructure: Two interconnected buildings totaling approximately 32,891 sq. ft. plus basement community space. The properties feature 156 existing resident rooms and 23
- Delivered Vacant Offering: Opportunity for investors, operators, or developers to acquire the properties delivered vacant (subject to the occupancy of five existing SRO units at 207 W 80th street), al
Investment Overview
Value-Add & Repositioning Potential: Exceptional opportunity to renovate, operate, or redevelop. The properties offer a “blank canvas” for uses such as modern student housing, co-living, micro-units, or conversion to market-rate apartments or condominiums and hotel or hostel accommodations (subject to all applicable regulations and approvals). New condominium redevelopment units in comparable Upper West Side buildings are achieving prices averaging over $2,000 per square foot.
Exclusively Listed By
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