$9,000,000
Updated 7 years ago
Off Market

161 West 132nd Street

Harlem, Manhattan | Lenox Ave & Adam Clayton Powell Blvd

28,500 Square FeetCommercial

$9,000,000
floors4
Lot Size60'x99'9"
ZoneR7-2
Building TypeLow-Rise
RE Taxes$154,996
Price Per SF
$316

Building Amenities

  • Voice Intercom
  • Garage

Property Description for 161 West 132nd Street

B6 Real Estate Advisors is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of 161 West 132nd Street in Harlem, New York. The subject property is a 28,500 SF (Approx.) including cellar space, commercial building operating as a full service, attended parking garage, located on the northside of West 132nd Street between Adam Clayton Powell Jr. Boulevard and Lenox Avenue. Cellar space includes a service elevator for garage use. The building can occupy 135 parking spots as per DCA. The property benefits from close proximity to the 2 & 3 subway lines, and numerous bus lines. Delivered vacant, this property poses as a prime user opportunity or residential conversion for developers, investors or 1031 buyers. The building’s façade is historically protected, and falls within the Central Harlem – West 130th-132nd Streets Historic District. All showings must be made by appointment only. For additional information please contact one of the exclusive agents.

Building Details for 161 West 132nd Street

OwnershipCommercial
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors4
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.16 miles
125 St
0.37 miles
135 St
0.42 miles
125 St
0.49 miles

Citi Bike

Lenox Ave & W 133 St
0.07 miles
Adam Clayton Powell Blvd & W 132 St
0.11 miles

Contact Agents

Contact Agents

David Chase
B6 Real Estate Advisors
R. Connor Winn
B6 Real Estate Advisors
Thomas Donovan
B6 Real Estate Advisors

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 74639TH