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Rent/Lease Apartment 2050 Amsterdam Ave
Positioned in the heart of Washington Heights, 2050 Amsterdam Avenue offers a high-value opportunity for savvy commercial investors seeking prime Manhattan real estate with significant upside. This location benefits from exceptional foot traffic and a dense residential population, making it an ideal anchor for retail or medical-professional services. As the submarket continues to experience steady appreciation driven by local institutional growth, we recommend this property for its long-term yield potential and strategic placement within a high-demand urban corridor.
Why Optimal Spaces –
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1. The Crucial Distinction: Whose Side Are They On?
  2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
   5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
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2050 Amsterdam Avenue Property Overview
| Building Address: | 2050 Amsterdam Ave, New York NY 10032 |
| Building Name: | Rite Aid |
| Building Alternate Address: | 2050 Amsterdam Ave |
| Zip Code: | 10032 |
| Neighborhood: | Upper East Side |
| Borough: | Manhattan |
| Stories: | 2 |
| Year Built: | 1911 |
| Building Class: | C |
2050 Amsterdam Avenue, located in the heart of Washington Heights, Manhattan, NYC, is a historic site with a rich past. The building, originally known as the Jumel Building, was constructed in 1911 by Frank W. Woolworth, the founder of the iconic five and dime stores. This two-story structure has been a significant part of the neighborhood's commercial landscape, hosting various businesses over the years, including a Rite Aid and a furniture store. It also serves as an entrance to the 163rd Street C line subway station.
The building's architectural style reflects the Beaux-Arts influence, with features such as Ionic pilasters and an intricate cornice line, although some of its original grandeur has been altered over time. Plans have been proposed by Marin Architects to expand the building into a seven-story mixed-use development, blending residential and retail spaces while maintaining a facade that complements the surrounding historic neighborhood.
The proposed expansion aims to incorporate red brick, cast stone, and cast-iron railed balconies, ensuring the building remains a harmonious part of the community. Despite these plans, the building's current state and future developments remain a topic of interest for both locals and architectural enthusiasts.
2050 Amsterdam Avenue is a significant commercial property located in the Washington Heights neighborhood of Manhattan, New York City. Originally owned by Frank W. Woolworth, it was constructed in 1911. The property is situated at the intersection of Amsterdam Avenue, St. Nicholas Avenue, and 162nd Street.
The building has undergone renovations, with a notable update in 2004. It features a mix of retail and potential residential spaces, blending modern industrial-style lofts with traditional Upper East Side architectural elements like cast stone cornices and cast-iron railed balconies.
Located in a dense residential area, 2050 Amsterdam Avenue benefits from high foot and vehicle traffic, making it a prime location for businesses. It is adjacent to the 163rd Street-Amsterdam Avenue subway entrance, providing easy access to public transportation.
2050 Amsterdam Avenue, Manhattan, NYC, offers the following building amenities:
- Signage opportunities for businesses.
- Signalized Intersection for enhanced visibility and accessibility.
This property is located at a prominent three-way intersection of Amsterdam Avenue, St. Nicholas Avenue, and 162nd Street in Washington Heights.
2050 Amsterdam Avenue is a significant commercial property in Manhattan, originally owned by Frank W. Woolworth and constructed in 1911. It is located at the intersection of Amsterdam Avenue, St. Nicholas Avenue, and 162nd Street in Upper Manhattan's Washington Heights neighborhood. The property includes a 10,500-square-foot Rite Aid Drug Store and a soon-to-be-opening 17,500-square-foot Variety store. The building is situated directly above the 163rd-Amsterdam stop on the C train.
Historically, the property has been a retail hub, with Rite Aid being a prominent tenant. The building's strategic location and accessibility make it an attractive spot for businesses seeking to establish a presence in the area.
2050 Amsterdam Ave, Manhattan, NYC, offers several internet providers for residents. The primary options include:
Verizon Fios: Known for high speeds up to 2.3 Gbps and reliable service, Verizon Fios is a top choice. Plans start at $49.99.
Astound Broadband Powered by RCN: Offers both cable and fiber services with speeds up to 1.5 Gbps. Plans start at $20, and all include unlimited data.
Spectrum: Provides cable internet with speeds up to 1 Gbps. Plans start at $50, with bundles available.
2050 Amsterdam Ave is located in the Washington Heights area of Manhattan, NYC. The property is situated at the corner of 162nd Street and Amsterdam Avenue.
Public Transportation:
- Subway: Adjacent to the 163 St-Amsterdam Ave C train entrance. Nearby subway stations include Washington Heights-168 Street (A, C), 155 Street (A, C), 157 Street (1), and 155 Street (B, D).
- Commuter Rail: Yankees-E 153rd Street Station (Hudson Line - Metro-North) is approximately 2.9 miles away.
Cross Streets: 162nd Street and Amsterdam Avenue.
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VSA Consulting Group Testimonial
To whom it may concern:
I am writing to recommend Stephen Sunderland and Optimal Spaces Inc. for the excellent job they did in finding us a lease at our new space. They were fast and effecient in locating spaces that met our needs and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted.
I look forward to working with the team at Optimal Spaces Inc. again.
Very truly yours,
Jack Sichterman
Partner/Managing Director