Listed by IPRG Investment Property Realty Group
$4,900,000
2129 Amsterdam Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 25,296
Units 24
Cap Rate 6.99%
NOI $342,686
Price per SqFt $194
Multifamily | 6.99% CAP | 24 Units
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to arrange for the sale of 2129 Amsterdam Avenue.
The subject property is a 6-story, 25,296 SF, elevator serviced apartment building comprised of 21 apartments and 3 retail stores on the ground floor. There are currently 7 free market units and 13 rent stabilized units. The property is ideally located on the southeast corner of West 166th Street and Amsterdam Avenue in the Washington Heights neighborhood of New York. It is 2 blocks away from New York Presbyterian Hospital.
The property benefits from its proximity to the 1, A, & C subway stations at 168th Street & Broadway.
Listing Contacts
Listed by IPRG Investment Property Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$342,686.00
$28,557.17/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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