Corner Mixed-Use Bldg
Bankruptcy Auction

• 500 West 184th Street, Washington Heights, NYC 10033
  • a/k/a 2500 Amsterdam Avenue, Washington Heights, NYC 10033
• 5,610 Sq Ft 5 Unit Mixed-Use Building (3 Commercial and 2 Residential Units)
• 2,274 Sq Ft Air Rights
• Prime Location on Corner of 184th Street and Amsterdam Avenue
• 23′ Frontage on Amsterdam Avenue
• Located Directly Across from Yeshiva University, Highbridge Park & 181st Street 1 Train
• 3 Commercial (Street Level) & 2 Residential Units (top 2 Floors, 1 Floor Per)
• Gross Residential Sq Ft: 3,300
• Gross Commercial Sq Ft: 2,310
• 2021 Projected Annual Income: $190,428
• One Occupied Commercial Space:
  • Lease Commencement: 1/1/19
  • Lease Termination: 12/31/28
  • Monthly Rent: $4,244
  • 3% Annual Rent Escalation
  • Additional Rent:
    • 11% of Water and Sewer Rent Provided to the Premises Imposed by NYC
    • 100% of the Water Charges and Sewer Rent for Premises as set forth by the Sub-Meter
    • 11% of the Increase in Real Estate Tax of Base Year (’18-’19)
    • 11% of Any Special Assessment
• 2 Vacant Commercial Spaces:
  • Projected Monthly Rent: $2,900 & $1,750 ($4,650 Total)
• 2 Vacant Residential Units (5 Bedrooms Each):
  • Projected Monthly Rent: $3,500 Per Unit ($7,000 Total)

Additional Information:

• Block: 2155  Lot: 86
• Lot Size: 2,292 Sq Ft (22.92′ x 100′)
• Building Class: S9 (Single or Multiple Dwelling with Stores)
• Primary Zoning: R7-2
• Tax Class: 2A
• Annual Real Estate Taxes: $22,648
• $2,530,309.03 Minimum bid