REO | 21 Units Multifamily Property

Property feature image
Property gallery image
Property gallery image
Address: 522 W 148th St, New York, NY 10031, USA
New York & Tri-State
Created date: October 13, 2026
Date last updated: October 15, 2026
Price: $650,000Investment Analyzer NEW!

Auction Information:
Bidding opens: Monday, November 2, 2026, at 12:00 PM
Bidding closes: Wednesday, November 4, 2026 at 12:00 PM
Starting Bid: $650,000

  • ​Lender REO Sale
  • ​5-story, multifamily walk-up building in Hamilton Heights, Manhattan
  • ​21 residential units
  • ​Approximately 71% of units are free market
  • ​18,316 sq ft building on a 4,163 sq ft lot
  • ​41 ft of frontage along West 148th Street
  • ​Direct subway access at 145th Street (1) on Broadway, with A, B, C & D service at St. Nicholas Avenue
  • ​Short walk to Riverbank State Park and St. Nicholas Park
  • ​Close to nearby retailers: Foodtown, Starbucks, Dunkin’, Sugar Hill Cafe, and Red Kup Coffee

Property Description

Property tours are available by appointment only.​ Please contact the listing broker to schedule a tour.​ 522 W 148th St, New York, NY 10031 presents a rare value-add opportunity in the heart of Hamilton Heights, Manhattan.​ This 5-story multifamily walk-up contains 21 residential units across approximately 18,316 SF on a 4,163 SF lot, with 41 feet of frontage along West 148th Street.​ Built in 1920 and zoned R6A, the property is currently 86% occupied, with approximately 71% of units free market, offering investors meaningful upside through lease-up and rental growth.​ Offered as a lender REO sale, this asset combines attractive scale, strong in-place occupancy, and repositioning potential in one of Upper Manhattan’s most established residential neighborhoods.​ The location offers outstanding connectivity, with direct access to the 145th Street transit hub serving the 1, A, B, C, and D lines, plus close proximity to Riverbank State Park and St.​ Nicholas Park.​ Surrounded by neighborhood conveniences including Foodtown, Starbucks, Dunkin’, Sugar Hill Cafe, and Red Kup Coffee, this property benefits from strong neighborhood fundamentals and enduring renter demand.​
  • ​Non-Contingent
  • Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
  • ​Marketing Fee: 3% of the Winning Bid Amount
  • ​$10,000 Participation Deposit via Wire Deposit only
  • ​Subject To Seller Approval
Availabletick-green

Request Information

Broker Details

Greg Corbin
Greg Corbin

Northgate Real Estate Group 212-419-8103 MLS ID: 432759

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Auction
Price: $650,000
No. of Units: 21
Year Built: 1920
Building Size: 18,316 Sq ft
Lot Size: 4,163.00 Acres
No. of Stories: 5
Opportunity Zone: No
Price per unit: $30,952
Address: 522 W 148th St, New York, NY 10031, USA

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

1526 Nobles Ln

1526 Nobles Ln

Carrick, Pennsylvania
New York & Tri-State + 2-4 Units
Units: 2
Price: $34,900
4918 Towers Ter

4918 Towers Ter

Ross Twp, Pennsylvania
New York & Tri-State + 2-4 Units
Units: 3
Price: $249,900
Montoursville, PA

Montoursville, PA

Montoursville, Pennsylvania
New York & Tri-State + 2-4 Units
Units: 2
Price: $199,900

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up