REO | 22 Units Multifamily Property

Property feature image
Property gallery image
Property gallery image
Address: 554 W 148th St, New York, NY 10031, USA
New York & Tri-State
Created date: October 13, 2026
Date last updated: October 15, 2026
Price: $800,000Investment 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: $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
Address: 554 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

44 Sagaponack Road

Sagaponack, New York
New York & Tri-State + Land/Development
Price: $2,500,000

2501 Transport Street

Overbrook, Pennsylvania
New York & Tri-State + Apartment Buildings
Price: $249,900

3269 LIBRARY ROAD

Castle Shannon, Pennsylvania
New York & Tri-State + Apartment Buildings
Units: 1
Price: $325,000

Brokers

View All

Lenders

View All