Multi-family

We are pleased to offer 973 Amsterdam Ave, an exceptional investment opportunity located in one of Manhattan’s most vibrant urban neighborhoods. Priced at $4,700,000 ($566.81/SF), this 2-star mixed-use property combines retail storefronts and residential units, making it an ideal acquisition for investors seeking a versatile asset in a high-traffic area.

Property Overview:

• Address: 973 Amsterdam Ave, New York, NY, 10025
• Sale Price: $4,700,000 ($566.81/SF)
• Property Type: 2-Star Retail Storefront / Residential
• Location: Urban (Upper West Side)
• Gross Leasable Area (GLA): 8,292 SF
• Stories: 5
• Typical Floor Area: 1,658 SF
• Class: C
• Construction: Wood Frame

Key Features:

• Prime Urban Location: Situated on Amsterdam Avenue in the bustling Upper West Side, 973 Amsterdam Ave benefits from high foot traffic and visibility, making it a desirable location for both retail and residential purposes.
• Mixed-Use Potential: The property features both retail storefront space on the ground level and residential units above, offering a balanced income stream from commercial and residential tenants.
• Spacious Layout: With a total GLA of 8,292 square feet and typical floors measuring 1,658 square feet, the property offers ample space for a variety of uses, from retail shops to residential units.
• Wood Frame Construction: Built with durable wood frame construction, the property offers a blend of charm and functionality, ideal for long-term investment.
• Investment Flexibility: This mixed-use building provides flexible leasing opportunities, allowing investors to capitalize on the retail space’s potential for high foot traffic while benefiting from stable residential income.
• Strong Market Demand: Located in a well-established neighborhood known for its cultural attractions, parks, restaurants, and excellent transportation access, this property is situated in a prime area of Manhattan, ensuring continued demand from both residential tenants and retail businesses.

Conclusion:

973 Amsterdam Ave presents a unique investment opportunity for those seeking a mixed-use property in a high-demand urban area. Offering a combination of retail and residential space, this property delivers steady income potential and strong long-term value in one of New York City’s most iconic neighborhoods. Whether you are looking to expand your real estate portfolio or add a high-traffic property to your investments, this property offers outstanding potential.