OVERVIEW

Cushman & Wakefield has been hired on an exclusive basis to arrange for the sale of 2500 Amsterdam Avenue (aka 500 West 184th Street). Occupying a premier corner of the Washington Heights neighborhood of Northern Manhattan, this property offers investors a truly unique opportunity to redevelop a vacant corner building located directly across the street from Yeshiva University. Yeshiva University is actively involved in the surrounding community at their uptown Wilf campus and has enrollment of more than 6,000 students.

The 5,610sqft building sits atop a 23’ x 100’ lot on the southwest corner of Amsterdam Avenue and West 184th Street. The current structure is a three-story mixed-use building with ground floor retail space that expands the full lot along West 184th Street. As-is, the building consists of two full floor apartments and three retail spaces.

2500 Amsterdam Avenue is zoned R7-2/C2-4 (wide street) and has significant development potential for enlargement or ground up construction. Using existing air-rights, the current structure can be expanded to ~12,648sqft. Should future ownership wish to build ground up, there is the potential to build a new ~13,788sqft, five-story building. Due to the unique characteristics of the neighborhood and corner lot, any future development would benefit from tremendous light and air exposure.

Local parks are bountiful in the area and the two within proximity to the property are Ft Tryon Park and Bennett