For Sale
$1,399,000

453 162Nd St New York, NY 10032

Prime Location, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
136
Exceptional redevelopment opportunity in Washington Heights, Manhattan, presents a 9,224 sq ft buildable lot (as of right) zoned R7-2. Proposed plans include a twelve-unit elevator building with eleven two-bedroom and one one-bedroom apartment. This vacant lot is situated in an Opportunity Zone, offering significant tax advantages. The property enjoys excellent connectivity, being a short walk from the C train line and the A, C trains at 155th Street. Nearby amenities include a supermarket, library, City Drug & Surgical, and various restaurants and banks. Its proximity to the Morris-Jumel Mansion and Columbia University further enhances its appeal. The lot is adjacent to the Morris-Jumel Community Garden, ensuring abundant natural light and ventilation. This location offers investors a compelling combination of development potential, prime location, and strong rental demand. The asking price is $1,399,000. The lot size is 2,306 square feet. This is a truly unique opportunity for a savvy investor seeking a high-return project in a rapidly appreciating neighborhood.

Highlights

  • 9,224 sq ft buildable lot, approved plans for a 12-unit multifamily building (11 two-bedroom, 1 one-bedroom).
  • Prime Washington Heights location, 2-minute walk to Morris-Jumel Mansion, 0.5 miles from Columbia University.
  • Excellent development opportunity near amenities including supermarket, library, and community garden, ensuring natural light and ventilation.
  • Half block from C train at West 163rd Street & St. Nicholas Ave, and near A/C trains at 155th St.
  • Convenient access to library, pharmacy, supermarkets (Super Foodtown, C Town), gym (Planet Fitness), bank (TD Bank), and restaurants (McDonald's, Dunkin').

Property Details for 453 162Nd St

Property type
Apartment buildings
Buildings
1

Location Insight

City
New York
County
New York
State
New York
Latitude
40.835516777379
Longitude
-73.939274243814

FAQs

What type of property is this?
Apartment building - Prime Location, Redevelopment Opportunity
Where is the apartment building located?
The property is located at 453 162Nd St New York, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 9,224 sq ft buildable lot, approved plans for a 12-unit multifamily building (11 two-bedroom, 1 one-bedroom).; Prime Washington Heights location, 2-minute walk to Morris-Jumel Mansion, 0.5 miles from Columbia University.; Excellent development opportunity near amenities including supermarket, library, and community garden, ensuring natural light and ventilation.
How can I contact the broker?
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453 162Nd St
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