484 Amsterdam Ave 11 Unit Apartment Building $12,417,280 CAD ($1,128,844 CAD/Unit) 5.12% Cap Rate New York, NY 10024

484 Amsterdam Avenue is a five-story walk-up on Manhattan’s Upper West Side. The 19,176-square-foot building contains 12 residential apartments, a commercial space, and a basement. Benefit from an easily accessible location within two blocks from the 81 and Central Park subway station, two blocks from Central Park, and four blocks from 79th Street subway lines.

The well-maintained property has nine units that received a complete renovation in the last few years. Tenants enjoy high ceilings, designer kitchens with stainless steel appliances, and hardwood flooring. The high-demand apartment mix consists of four one-bedroom and one-bath units, seven two-bedroom and one-bath units, and a two-bedroom and two-bath penthouse unit with rooftop terrace access. Seven of the units have free market rents, four are rent stabilized, two are market rents, and one is rent controlled. Each unit is individually metered for electricity, and a gas broiler provides heating. A laundry room is in the basement for tenant convenience.

484 Amsterdam Avenue sits between 83rd and 84th Streets with prominent visibility. A restaurateur, Flor De Mayo, occupies the ground-floor commercial space and has operated out of this location for the last 23 years. This commercial space is separately metered for electric and cooking gas, with the tenant reimbursing the landlord for water and sewer consumption. The current lease is through January 31, 2029. In addition to Central Park, surrounding points of interest include Riverside Park, the AMC 84th Street 6 movie theater, and numerous dining options. Convenient access to subway stations, Broadway and Amsterdam Avenue buses, and the Henry Hudson Parkway provide efficient travel routes.