Be.Live Washington Heights, 1950 Amsterdam Avenue
$8,000,000
($5,333 per ft2)
| 14 beds, 12+ baths | Approx. 1,500 ft2
61 days on Market
Key Details
-
Listed: Sep 24, 2024Days on Market: 61Building Type: RentalNeighborhood: Washington Heights (Manhattan)
Monthly Maintenance / CC:
$3,035
Monthly Real Estate Taxes:
$1,693
Total Taxes & Fees:
$4,728
($3.15/ft2)
Est. Monthly Mortgage:
$42,708
Mortgage calculator
Total Est. Monthly Carrying Cost:
$47,436
($31.62/ft2)
Note: the above is based on a down payment of 20% ($1,600,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Prime Location: This newly constructed six-story elevator building is conveniently located in the Washington Heights neighborhood of New York, just one block from the Broadway #1 train station. It's within walking distance to cultural landmarks, parks, and excellent public transportation options.
- Variety of Units: The property includes 15 total units: 14 free-market residential units and 1 commercial retail unit. The residential units consist of 8 studios and 6 one-bedroom apartments, all featuring oversized casement windows, rich white oak hardwood floors, and high ceilings.
- Modern Amenities: The building offers modern features such as keyless entry, remote video intercom, common bike storage, and a boutique fitness room. Additional amenities include a beautifully landscaped backyard, a fitness center, outdoor entertainment space, and a bike room.
- High-End Interiors: Each unit boasts designer kitchens equipped with Bertazzoni electric ranges, stainless steel appliances, and stone countertops. Bathrooms come with signature paneled vanities, lighted mirrored medicine cabinets, and glass showers. All homes have in-unit washer-dryers for added convenience.
- Comfort and Convenience: The building is designed with clean lines and contemporary layouts, with independent climate control for personalized comfort. It's a no fee rental, making it more affordable for tenants.
- Investment Potential: The building is 100% leased, indicating high demand and stability. This presents an investment potential for those seeking a fully leased, free-market asset in a desirable location.
Description
We have been exclusively retained to arrange the sale of 1950 Amsterdam Avenue, a newly constructed six-story elevator building located in the Washington Heights neighborhood of New York. Completed in 2024, this property sits on the west side of Amsterdam Avenue between 156th and 157th Streets, just one block from the Broadway #1 train station.
Property Details:
Units: 15 total (14 free-market residential units and 1 commercial retail unit)
8 Studios
6 One-Bedroom Apartments
Size: Approximately 12,362 gross square feet
Features:
Keyless entry and remote video intercom
Common bike storage
Boutique fitness room
Landscaped backyard
Oversized casement windows
Rich white oak hardwood floors
High ceilings
Independent climate control
Designer kitchens with Bertazzoni electric ranges, stainless steel appliances, and stone countertops
In-unit washer-dryers
Investment Highlights:
Lease Status: 100% leased
Rent: In-place rents average $60 per square foot .
Location: Walking distance to The Met Cloisters, United Palace concert hall, Morris-Jumel Mansion, and Hispanic Society Museum & Library. The area features ample parks and green space, offering a serene residential environment with excellent public transportation options.
Investment Potential:
This property presents a unique opportunity for investors seeking a newly constructed, fully leased, free-market asset in a desirable location.
With its modern amenities and attractive rent basis, it caters to a diverse tenant pool, including young professionals seeking convenience and charm. Washington Heights is characterized by its blend of historic charm and modern living, surrounded by fitness centers, parks, shopping, dining, and essential services such as hospitals and schools. For additional information or to arrange a viewing, please contact us.
With its modern amenities and attractive rent basis, it caters to a diverse tenant pool, including young professionals seeking convenience and charm. Washington Heights is characterized by its blend of historic charm and modern living, surrounded by fitness centers, parks, shopping, dining, and essential services such as hospitals and schools. For additional information or to arrange a viewing, please contact us.
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Listing courtesy of
Compass
Pricing History
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