1 month on rocket

1950 Amsterdam Ave, New York City, NY, 10032

$8,000,000

14 Bedrooms
14 Full Baths
1,500 SqFt
$5,333/SqFt
Multi

Location

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Property Highlights

Home TypeMulti Family
Year Built1900
HeatingElectric, Wall Furnace
CoolingWall Unit(s)
MLS #COMP-1672585918076219833
StatusActive

About 1950 Amsterdam Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,500 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Christopher Halliburton
  • Agent Phone: (917) 518-9746

Interior Features

Interior Information:

  • Flooring Type: Hardwood
  • Interior: High Ceilings

Bedroom and Bathroom Information:

  • Full Bathrooms: 14
  • Total Bedroom Count: 14

Exterior Features

Exterior Information:

  • Exterior: Courtyard

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Electric, Wall Furnace
  • Cooling: Wall Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,000,000
  • Price Per SqFt: $5,333/SqFt

HOA Fees:

  • Amount: $3035
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

1950 Amsterdam Ave vs New York

40 DAYS ON ROCKET

-44 Days

$8,000,000

+$7.1M More

$5,333/SqFt

+$4.6K More

KEY TAKEAWAY

This property is $7.1M more than the Median Sold Price and $4.6K/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #COMP-1672585918076219833

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Christopher Halliburton
  • Agent Phone: (917) 518-9746

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/13/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$43K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-337892
4
/10
  • P.S. 28 Wright Brothers School

  • 475 W 155th St

  • 0.09 miles

  • Public District Grades PK-5

school-card-donut-337893
6
/10
  • P.S. 4 Duke Ellington School

  • 500 W 160th St

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-337894
4
/10
  • Whin Music Community Charter School

  • 401 W 164th St Fl ST-4th

  • 0.39 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,000. The most common annual income of people living in New York, NY is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

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Rocket HomesNew YorkNew York100321950 Amsterdam Ave

This home is located at 1950 Amsterdam Ave in New York City, NY and zip code 10032 in the Washington Heights neighborhood. This 1,500 square foot home was built in 1900. Features: 14 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $8,000,000.

New York, NY housing market in October 2024 saw over 269 listings sold above listed price, more than 850 sold at listed price and over 833 sold below. The number of listings in New York, NY increased by 1.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 84 days, the median list price was $856,124.

From Rocket Homes Real Estate and based on county public records data.

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