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Multifamily

500 W 184th St

500 W 184th St, New York, NY 10033

Listing Price: $2,530,000

Cap Rate
5.50%
Number of Units
5
Price/Unit
$506,000
Price/Gross SF
$450.98
Gross SF
5,610

Investment Overview

$2,530,309.03 Minimum Bid. Inspections/ Viewings:. Available by appointment upon request Bidder Qualification Deadline: Monday January 24,2022 before 4 p.m. See Attached Bidding and Auction Procedures or Call Richard Maltz at 516-349-7022 x 202 Auction Date & Time: Tuesday, January 25,2022 at 11:00AM. Only Qualified Bidders as defined in Bidding and Auction Procedures qualified to participate. Auction Location: Virtual Auction viewable on Zoom with Bidding via RemoteBidding.MaltzAuctions.com- Credentials will be provided upon bidder qualification. Please call Richard Maltz at 516-349-7022 x202 with questions. Terms and Conditions of Sale: In order to register to bid, all prospective bidders must pre-register in accordance with the Bidding & Auction Procedures. A Stalking-Horse Bid in the amount of $2,505,309.03 has been accepted. Subject to Higher or Better Offers with a Minimum Bid of $2,530,309.03. All prospective bidders must Pre-Qualify pursuant to the Bidding and Auction Procedures. Please download the complete Bidding and Auction Procedures

Investment Highlights

  • Three-story mixed-use corner building. One occupied retail space on Amsterdam Avenue
  • Current unit make up: two apartments & three retail spaces. Each residential unit occupies a full floor.
  • This is a unique opportunity to redevelop a vacant corner building directly across the street from one of the most well known and prestigious universities in New York.

Exclusively Listed By

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Jacob Kahn

    Licensed Associate Real Estate Broker

    (212) 430-6155

    Email Jacob

    License(s): NY: 10301218690, NY: 10311208892

    Manhattan

Financing By

Multifamily

500 W 184th St

Listing Price: $2,530,000

Cap Rate
5.50%
Number of Units
5
Price/Unit
$506,000
Price/Gross SF
$450.98
Gross SF
5,610

Investment Highlights

  • Three-story mixed-use corner building. One occupied retail space on Amsterdam Avenue
  • Current unit make up: two apartments & three retail spaces. Each residential unit occupies a full floor.
  • This is a unique opportunity to redevelop a vacant corner building directly across the street from one of the most well known and prestigious universities in New York.

Investment Overview

$2,530,309.03 Minimum Bid. Inspections/ Viewings:. Available by appointment upon request Bidder Qualification Deadline: Monday January 24,2022 before 4 p.m. See Attached Bidding and Auction Procedures or Call Richard Maltz at 516-349-7022 x 202 Auction Date & Time: Tuesday, January 25,2022 at 11:00AM. Only Qualified Bidders as defined in Bidding and Auction Procedures qualified to participate. Auction Location: Virtual Auction viewable on Zoom with Bidding via RemoteBidding.MaltzAuctions.com- Credentials will be provided upon bidder qualification. Please call Richard Maltz at 516-349-7022 x202 with questions. Terms and Conditions of Sale: In order to register to bid, all prospective bidders must pre-register in accordance with the Bidding & Auction Procedures. A Stalking-Horse Bid in the amount of $2,505,309.03 has been accepted. Subject to Higher or Better Offers with a Minimum Bid of $2,530,309.03. All prospective bidders must Pre-Qualify pursuant to the Bidding and Auction Procedures. Please download the complete Bidding and Auction Procedures

Exclusively Listed By

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Jacob Kahn

    Licensed Associate Real Estate Broker

    (212) 430-6155

    Email Jacob

    License(s): NY: 10301218690, NY: 10311208892

    Manhattan

Financing By

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