Multi-family

Introducing 484 Amsterdam Avenue, New York, NY 10024

Offering a promising investment opportunity, 484 Amsterdam Avenue is a well-positioned 2-star mid-rise apartment building located in a bustling urban area of New York City. Priced at $8,900,000 ($684,615 per unit), this property includes thirteen units across five stories, blending market-rate and affordable rent-stabilized options, making it a strong addition for diverse investor portfolios.

Property Details:

• Address: 484 Amsterdam Avenue, New York, NY 10024
• Sale Price: $8,900,000 ($684,615/Unit)
• Cap Rate: 5.12%
• Sale Type: Investment
• Building Type: 2-Star Mid-Rise Apartments
• Location: Urban
• Units: 13
• Average Unit Size: 596 sq. ft.
• Stories: 5
• Class: C
• Gross Building Area (GBA): 10,850 sq. ft.
• Typical Floor Area: 2,170 sq. ft.
• Number of Buildings: 1
• Units per Acre: 222
• Market Segment: All
• Rent Type: Market/Affordable
• Affordable Type: Rent Stabilized
• Affordable Units: 4

Key Features:

Attractive Investment with Balanced Returns
With thirteen units and a gross building area of 10,850 square feet, 484 Amsterdam Avenue offers solid investment potential with a cap rate of 5.12%. Its competitive pricing per unit and mix of rental options appeal to a wide range of tenants, securing reliable rental income.

Prime Urban Location
Located in a vibrant New York City neighborhood, this property offers tenants convenient access to public transportation, shopping, dining, and cultural activities. The active urban setting supports a steady demand for rental properties, enhancing long-term value and occupancy.

Flexible Rental Market Options
This Class C building includes nine market-rate units and four rent-stabilized units, providing income stability and a diverse tenant base. The combination of market and affordable rental options broadens the property’s appeal, ensuring consistent occupancy and rental income.

Conclusion:
484 Amsterdam Avenue is an ideal investment for those looking to acquire a mid-rise apartment building in a thriving New York City location. With its appealing unit count, competitive price, and strategic rental options, this property presents an excellent opportunity for investors seeking stable returns and portfolio growth.