Multi-family

Upper West Side Mixed-Use Investment – Prime Amsterdam Avenue Frontage
Address: 307 Amsterdam Avenue, New York, NY 10023
Asking Price: $4,950,000 ($3,093.75/SF)
Asset Type: 3-Star Retail Storefront / Residential Mixed-Use
Building Size (GLA): 1,600 SF
Stories: 4
Frontage: 17’ on Amsterdam Avenue
Year Built: 1910
Availability: Immediate

Investment Overview:
307 Amsterdam Avenue presents a rare opportunity to acquire a mixed-use building with prime retail frontage in one of Manhattan’s most vibrant neighborhoods. This 4-story masonry property combines a ground-floor retail space with multiple residential units above, offering steady income potential from both sectors. Located on a high-visibility stretch of Amsterdam Avenue between West 74th and West 75th Streets, the property benefits from heavy pedestrian traffic, affluent demographics, and proximity to popular dining, shopping, and cultural attractions.

Property Highlights:

• Total Size: 1,600 SF (approx.)
• Retail Frontage: 17’ on busy Amsterdam Avenue
• Configuration: Ground-floor retail plus residential units above
• Typical Floor Size: approx. 1,000 SF
• Construction: Masonry, built 1910, Class C asset
• Tenancy: Multi-tenant, fully leased (verification required)
• Estimated Retail Rents: $142–$173/SF (CoStar)
• Taxes: $48.57/SF (2024)

Investment Strengths:

• Prime Location: Steps from 72nd Street subway (1, 2, 3 lines) and near cultural hubs like Lincoln Center and the American Museum of Natural History
• Stable Income: Multi-tenant configuration provides diversified income streams
• Retail Visibility: 17’ frontage in a dense residential and retail corridor
• Strong Demographics: Affluent Upper West Side customer base with consistent foot traffic
• Value-Add Potential: Opportunity to upgrade units and retail façade to capture higher rents

Conclusion:
307 Amsterdam Avenue offers investors a stable, well-positioned mixed-use property in the heart of the Upper West Side. With its strong retail visibility, desirable residential location, and potential for income growth, this asset is an excellent choice for long-term hold investors seeking exposure to one of Manhattan’s most resilient markets.

Contact us today for the rent roll, financials, and to schedule a private tour.