949 Columbus Avenue, Manhattan, NY 10025
Local realty services provided by:CENTURY 21 Awaye Realty
949 Columbus Avenue,Manhattan, NY 10025
$5,500,000
- 20 Beds
- 11 Baths
- 7,750 sq. ft.
- Multi-family
- Active
Listed by: tashi dhargyal, martin n eiden
Office: compass
MLS#:RLS20106083
Source:NY_REBNY
Price summary
- Price:$5,500,000
- Price per sq. ft.:$709.68
About this home
A 7,750 SF mixed-use walk-up with nine free-market three-bedroom apartments over two commercial spaces: an operating restaurant with basement dining and a retail storefront leased to a shoe store.
The headline: six of the nine apartments will be delivered vacant on September 1, and every unit in the building is free-market. An investor can start renovating the majority of the residential portion on day one, with no buyouts to negotiate and no regulated leases to work around.
The value-add math is straightforward. Each apartment is a three-bedroom, one-bath layout. Add a second bathroom, in-unit laundry, and updated finishes, and these units rent at a different number. The two commercial tenants keep paying while the work happens, so the building produces income through the entire reposition.
The location does the rest: two short blocks to Central Park, roughly ten blocks to Columbia University, with the 1, B, and C trains nearby and the restaurants of Columbus and Amsterdam at the doorstep.
Most value-add deals make you wait years for the vacancy. This one hands it to you at closing....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:RLS20106083
- Added:1 day(s) ago
- Updated:July 29, 2026 at 12:19 AM
Rooms and interior
- Bedrooms:20
- Total bathrooms:11
- Full bathrooms:11
- Rooms Total:40
- Living area:7,750 sq. ft.
Structure and exterior
- Year built:1900
- Building area:7,750 sq. ft.
Finances and disclosures
- Price:$5,500,000
- Price per sq. ft.:$709.68
- Tax amount:$117,794
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