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561 West 161st Street
Washington Heights, Manhattan | Amsterdam Ave & Broadway
44,350 Square FeetIncome Property
$2,500,000
$2,500,000
Updated 7 years ago
Off Market

561 West 161st Street

Washington Heights, Manhattan | Amsterdam Ave & Broadway

44,350 Square FeetIncome Property

$2,500,000
floors / apts4 / 7
Lot Size18'x99'
Built Size19'x64'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$8,874
Price Per SF
$56

Building Amenities

  • Voice Intercom

Property Description for 561 West 161st Street

The Investment Sales Team at Citi Habitats presents 561 W 161st St. With a lot size of 18.92 X 99.92 this eight unit multi-family commercial property represents an excellent investment opportunity.Located in prime Washington Heights, this multi-family asset is in excellent condition while producing solid monthly income with low operating costs. The 8 unit walk-up boast easy access to the A, C and 1 trains; is in close proximity to four major employers--Columbia Univ, Columbia School of Nursing, NY Presbyterian Hospital, City College; and is a half block from the Broadway commercial corridor for shopping, restaurants and community activities. Located on the north side of W. 161 St, between Broadway and Amsterdam the building boasts 4,435 of residential area, measuring 19' x 64' feet and low taxes of $8,874. Overall, the building is in average condition -- with updated kitchens, while two of the eight units require renovations as well as the common area.

Building Details for 561 West 161st Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/7
Learn More About the Building

Transit and Citi Bike

Subway

163 St-Amsterdam Av
0.1 miles
157 St
0.22 miles
168 St-Washington Hts
0.32 miles
168 St
0.34 miles
155 St
0.39 miles

Citi Bike

Broadway & W 160 St
0.09 miles
Amsterdam Ave & W 162 St
0.1 miles

Contact Agents

Contact Agents

RJ Lennon
Corcoran
Danny Castillo
Corcoran

Washington Heights | Manhattan

Quick Profile

Washington Heights, a hilly neighborhood on Manhattan’s northern tip known for its affordable apartments, preserved pre-war buildings, and Dominican food. Some would argue that it's a hidden gem and one of Manhattan's last neighborhoods that has retained its culture. The large swath of land is bordered by Inwood to the north along Dyckman Street, by Harlem to the South along 155th Street, by the Harlem River to the east, and the Hudson River to the West. It is the highest natural point on the Island of Manhattan. 

Despite its high residential density, Washington Heights and Inwood have not seen modern housing construction in more than a decade other than relatively small housing units. Midtown Manhattan, Battery Park, TriBeCa, Chelsea, and Hell’s Kitchen, on the other hand, have seen an increase in building. Most of the high rise construction belongs to hospitals such as New York Presbyterian, Columbia University Medical Center, and educational institutions like Yeshiva University and Boricua College. 

Washington Heights has access to amazing green spaces like The Cloisters, Fort Washington Park, Highbridge Park and Fort Tryon Park. There is no shortage of historical landmarks either. Remember General George Washington set up his camp in Washington Heights during the Revolutionary War. He used the elevated neighborhood to his tactical advantage to spot the Redcoats. As history would have it, his plan didn’t work out so well and the British occupied New York for seven years.  

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posted on December 17, 2019
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: 75788TH
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