Multi-family

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.