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Mixed-Use

1734 Amsterdam Avenue

1734 Amsterdam Avenue, New York, NY 10031

Listing Price: $3,300,000

Cap Rate
8.01%
Number of Units
11
Occupancy
90.0%
Price/Unit
$300,000
Price/Gross SF
$395.02
Gross SF
8,354

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in one of the most sought-after neighborhoods in Harlem, Hamilton Heights. 1734 Amsterdam Avenue is situated in the prime Amsterdam retail corridor, on the corner of West 146th Street, and a short walk to Riverside Park. The building spans 8,354 square feet and comprises 11 units: 8 residential and 3 commercial stores on the ground floor. 3 of the 8 apartments are free market providing investors a clear path to upside. This corner mixed-use walk-up building has been owned and operated by the same family for over 8 years and is composed entirely of two-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of the Harlem that provides future rental upside though the commercial and free market components. 1734 Amsterdam Avenue is conveniently located a few steps from Public School 153, Riverside & Jackie Robinson Parks, and 145th Street A,C, B, and D Trains.

Investment Highlights

  • 1734 Amsterdam Avenue, built in 1911, is composed of 3 Commercial and 8 Residential units spanning 8,354 SF.
  • 38% Free Market | 2-Bedroom Residential Units | Tax Class: 2B | Zoning: R7A, C1-4
  • 1734 Amsterdam Avenue is well located, close to Public School 153, Riverside &Jackie Robinson Parks, and 145th Street A,C, B, and D Trains.

Exclusively Listed By

Financing By

Mixed-Use

1734 Amsterdam Avenue

Listing Price: $3,300,000

Cap Rate
8.01%
Number of Units
11
Occupancy
90.0%
Price/Unit
$300,000
Price/Gross SF
$395.02
Gross SF
8,354

Investment Highlights

  • 1734 Amsterdam Avenue, built in 1911, is composed of 3 Commercial and 8 Residential units spanning 8,354 SF.
  • 38% Free Market | 2-Bedroom Residential Units | Tax Class: 2B | Zoning: R7A, C1-4
  • 1734 Amsterdam Avenue is well located, close to Public School 153, Riverside &Jackie Robinson Parks, and 145th Street A,C, B, and D Trains.

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in one of the most sought-after neighborhoods in Harlem, Hamilton Heights. 1734 Amsterdam Avenue is situated in the prime Amsterdam retail corridor, on the corner of West 146th Street, and a short walk to Riverside Park. The building spans 8,354 square feet and comprises 11 units: 8 residential and 3 commercial stores on the ground floor. 3 of the 8 apartments are free market providing investors a clear path to upside. This corner mixed-use walk-up building has been owned and operated by the same family for over 8 years and is composed entirely of two-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of the Harlem that provides future rental upside though the commercial and free market components. 1734 Amsterdam Avenue is conveniently located a few steps from Public School 153, Riverside & Jackie Robinson Parks, and 145th Street A,C, B, and D Trains.

Exclusively Listed By

Financing By

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