1950 Amsterdam AveNew York, NY 10032

Property Details for 1950 Amsterdam Ave

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

12,362 SF

Zone code

R7-2

Property type

Retail residential properties

APN

02115-0036

APU

21150036

Description

This exceptional 350-square-foot commercial space is ideally situated in the vibrant Washington Heights neighborhood of Manhattan, at 1950 Amsterdam Avenue, between West 156th and West 157th Streets. The property offers a single-tenant occupancy, perfect for a variety of retail or office uses. Its strategic location provides unparalleled accessibility, with close proximity to the 155th Street subway station (A, B, C, & D trains) and numerous bus lines (M3, M4, M5, M2, M100, M101, & BX6), ensuring high foot traffic and convenient commuting for employees and customers. The area boasts a thriving commercial environment, surrounded by a diverse range of established businesses, including well-known national chains such as Chipotle, Planet Fitness, GNC, TD Bank, McDonald's, and Apple Bank, as well as local favorites like Sister's Uptown Bookstore, Semicolon Cafe, and BO's Bagels. This prime location offers significant potential for growth and success within a bustling and well-connected community. The property is located in New York County, New York, with a zip code of 10032. This is a rare opportunity to secure a highly visible and accessible commercial space in one of Manhattan's most dynamic neighborhoods. The property is classified as both retail and office space, offering flexibility for a wide range of potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $2,534,322

  6.5%

  $2,339,374

  7%

  $2,172,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,503,589

  Geo Method

  $2,503,589

• Alternative Use

  Use

  Valuation

  Residential

  $2,339,374

  Hospitality

  $2,142,854

  Educational

  $1,782,829

  Medical

  $1,844,144

  Retail

  $2,773,290

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8328

Longitude

-73.9425

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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