REO | Upper Manhattan Multifamily
Transit-Oriented Upper Manhattan Location | Proximity to Major Demand Drivers
Marketing description
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Presenting a rare Upper Manhattan multifamily opportunity: a 29-unit, six-story pre-war elevator apartment building encompassing approximately 33,880 square feet on a 0.24-acre corner parcel. Built in 1908, this architecturally distinct asset features rounded bays, decorative accents, and a classic brick façade that complements the surrounding historic streetscape. Ideally positioned just three blocks from the 137th Street–City College 1 train station, the property offers convenient access throughout Manhattan and strong connectivity to Midtown. Residents benefit from close proximity to City College of New York, Riverbank State Park, and the vibrant Broadway/Amsterdam Avenue retail corridors, providing walkable access to dining, shopping, recreation, and everyday essentials. The building’s corner location, natural light, and efficient pre-war floorplates support practical apartment layouts and strong tenant appeal in one of Upper Manhattan’s most supply-constrained rental markets. Zoned R7A, 51 Hamilton Pl offers investors the chance to acquire a character-rich asset in a highly desirable residential enclave with enduring rental demand.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount
- $10,000 Participation Deposit
- Subject To Seller Approval
51 Hamilton Pl, New York, NY 10031
Investment highlights
Architecturally Distinct Pre-War Building
- Built in 1908, the six-story brick elevator apartment building features rounded bays, decorative accents, and a well-articulated façade consistent with the architectural character of the surrounding pre-war housing stock. The property sits within a cohesive row of similarly scaled buildings, reinforcing the block’s historic residential appeal.
Transit-Oriented Upper Manhattan Location
- The property is located just three blocks from the 137th Street–City College 1 train station, offering convenient north-south access along Manhattan’s West Side and direct connectivity to Midtown Manhattan.
Proximity to Major Demand Drivers
- 51 Hamilton Place is positioned near The City College of New York, Riverbank State Park, and the Broadway/Amsterdam Avenue retail corridors, placing residents close to education, recreation, restaurants, grocery stores, and everyday neighborhood amenities.
Efficient Residential Configuration
- The building’s corner condition, natural light, and pre-war floorplates support practical apartment layouts with strong livability, helping drive tenant appeal in a supply-constrained Upper Manhattan rental market.
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