REO | 22 Units Multifamily Property
Auction Information:
Bidding opens: Monday, November 2, 2026, at 12:00 PM
Bidding closes: Wednesday, November 4, 2026 at 12:00 PM
Starting Bid: $800,000
- Lender REO Sale
- 5-story, multifamily walk-up building in Hamilton Heights, Manhattan
- 22 residential units
- Approximately 77% of units are free market
- 17,013 sq ft building on a 4,996 sq ft lot
- 50 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, 28 acres along the Hudson River
- 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. 554 W 148th St, New York, NY 10031 presents a compelling value-add opportunity in the heart of Hamilton Heights, Manhattan. This 5-story multifamily walk-up consists of 22 residential units and approximately 17,013 square feet on a 4,996 SF lot, with 50 feet of frontage along West 148th Street. Built in 1920, the property is currently about 82% occupied, with approximately 77% of units classified as free market, offering investors meaningful upside through lease-up and operational improvements. Zoned R6A, the asset combines classic Manhattan architecture with strong long-term investment potential. Ideally positioned just off Broadway, the building offers immediate access to the 145th Street transportation hub, including the 1, A, B, C, and D subway lines, as well as St. Nicholas Avenue retail corridors. Residents benefit from proximity to Riverbank State Park, Hudson River recreation, and neighborhood conveniences such as Foodtown, Starbucks, Dunkin’, Sugar Hill Cafe, and Red Kup Coffee. A rare chance to acquire scale, location, and upside in one of Upper Manhattan’s most established multifamily neighborhoods.- Non-Contingent
- Earnest Money Deposit is 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
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Auction |
| Price: | $800,000 |
| No. of Units: | 22 |
| Year Built: | 1920 |
| Building Size: | 17,013 Sq ft |
| Lot Size: | 4,996.00 Acres |
| No. of Stories: | 5 |
| Opportunity Zone: | No |
| Price per unit: | $36,364 |
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