REO | 21 Units Multifamily Property

Description:

​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

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