REO | 21 Units Multifamily Property · 561 W 144th

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Address: 561 W 144th 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 48% of units are free market
  • ​17,650 sq ft building on a 4,996 sq ft lot
  • ​50 ft of frontage along West 144th Street
  • Just east of Broadway, with direct subway access at 145th Street (1) and A, B, C & D service at St. Nicholas Avenue
  • ​Short walk to Riverbank State Park 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.​ 561 W 144th St, New York, NY 10031 presents a rare value-add opportunity in the heart of Hamilton Heights, Manhattan.​ This 5-story multifamily walk-up spans approximately 17,650 square feet on a 4,996 SF lot and features 21 residential units with 100% occupancy.​ Built in 1910, the property offers classic Manhattan apartment building character with meaningful upside, including approximately 48% of units designated as free market.​ The asset features 50 feet of frontage along West 144th Street and is zoned R7A, making it an attractive investment in a highly desirable Upper Manhattan submarket.​ Ideally positioned just east of Broadway, the building is moments from the 145th Street subway station with access to the 1, A, B, C, and D trains, and is a short walk to Riverbank State Park along the Hudson River.​ Residents benefit from immediate proximity to neighborhood conveniences including Foodtown, Starbucks, Dunkin’, Sugar Hill Cafe, and Red Kup Coffee.​ This Lender REO sale combines stable in-place occupancy, prime location, and future upside in one of Manhattan’s most established residential corridors.​
  • ​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
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Broker Details

Greg Corbin
Greg Corbin

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

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Key Property Information

Listing Status: Available
Listing Type: Auction
Price: $650,000
No. of Units: 21
Year Built: 1910
Building Size: 17,650 Sq ft
Lot Size: 4,996.00 Acres
No. of Stories: 5
Opportunity Zone: No
Price per unit: $30,952
Address: 561 W 144th St, New York, NY 10031, USA

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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