1774 Amsterdam Avenue aka 508 West 144th Street, New York, NY 10031
1774 Amsterdam Avenue aka 508 West 144th Street, New York, NY 10031
Harlem
Corner Elevator Multifamily with 5 Retail | 96% Free Market | Strong In-Place Income
| Asking Pricing | $7,000,000 |
|---|---|
| Type | Corner Elevator Building |
| Neighborhood | Harlem |
| Lot Size | 49.92' x 100' |
| Zoning Code | R7A with C1-4 commercial overlay |
| Size | 21,395 |
| Stories | 5 |
| Units | 28 Units & 5 Stores |
Investment Highlights:
Meridian Capital Group is exclusively offering 1774 Amsterdam Avenue, also known as 500 West 148th Street — a five-story elevator apartment building located on the southwest corner of Amsterdam Avenue and West 148th Street in Harlem. The property spans approximately 21,395 square feet and features 28 residential units and 5 ground-floor retail spaces. With 96% of the apartments designated Free Market and a unit mix favoring spacious layouts, the asset presents an attractive opportunity for investors seeking stable in-place income with upside potential.
Located one block from Broadway and within walking distance of The City College of New York, Jackie Robinson Park, and multiple subway lines, the building is ideally positioned for long-term growth. The property generates over $1 million in effective gross income with a 6.48% cap rate and is offered free and clear of existing debt. This is a rare chance to acquire a well-located, mixed-use asset in one of Upper Manhattan’s most established and evolving neighborhoods.
