New York (Washington Heights), NY, 10032 | $8,000,000
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.
Features
- Town: New York
- Heating: Electric,Wall Furnace
- Cooling: Wall Unit(s)
- Levels: 1
- Rooms: 14
- Bedrooms: 14
- Baths: 14 full
- Lot Size: 25.000000x100.000000
- Laundry: Laundry Room,See Remarks
- Year Built: 1900
- Common Charge: $3,035 Monthly
- Approx Sq. Feet: 1,500
- Est. Taxes: $20,316
- Pet Policy: Building No,Cats OK,Dogs OK
- MLS#: COMP-167258591807621
- Days on Market: 427 days
- Website: https://www.raveis.com
/prop/COMP-167258591807621/1950amsterdamavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Compass Florida, LLC. Phone: (212) 913-9058
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888.699.8876
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
New York (Washington Heights), NY, 10032
$8,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $6,400,000 | $6,400,000 | $6,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
| Monthly Tax Payment | $1,693 | $1,693 | $1,693 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $36,339 | $39,928 | $53,576 |
| Total Monthly Payment | $38,157 | $41,746 | $55,394 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535