$1,295,000
Updated 6 years ago
Off Market

533 West 162nd Street

Washington Heights, Manhattan | Saint Nicholas Ave & Broadway

3,840 Square FeetIncome Property

$1,295,000
floors / apts4 / 13
Lot Size20'x100'
Built Size20'x48'
ZoneR7-2
Building TypeTownhouse
RE Taxes$6,940
Price Per SF
$337

Listing Features

  • Original Details

Outdoor space and views

  • Backyard
  • Garden
  • Patio

Building Amenities

  • Voice Intercom
  • Garden
  • Gated Entry
  • Outdoor Parking
  • Stoop Entry

Property Description for 533 West 162nd Street

Ariel Property Advisors presents 533 West 162nd Street, a 20' wide, multifamily walk-up building located on the north side of West 162nd Street between Broadway and Amsterdam Avenue in Washington Heights. Spanning 3,840 gross square feet, this four-story building is comprised of 13 SRO units, three of which are currently occupied. Current vacancies allow for immediate value-add to the property or potential for conversion. The property also retains 3,040 square feet of air rights for additional development. The property is situated just one block north of the C subway line at West 161st Street and St. Nicholas Avenue, allowing easy access to other areas of Manhattan and the outer boroughs. Major area institutions, such as New York Presbyterian Hospital, Columbia University and City College are within close proximity to the property and serviced by the same subway lines. Additionally, the property’s central location near the St. Nicholas Ave and Broadway corridors means attractive area retail such as Starbucks, Dollar Tree, Staples, Walgreens and Chase Bank. With its convenient location and immediate value-add/conversion potential, 533 West 162nd street presents a prime acquisition opportunity for investors and owner-users in a growing area of Washington Heights.

Listing History for 533 West 162nd Street

Now
07/28/2020
POM by Matthew L. Gillis
Ariel Property Advisors
03/16/2020
Contract Signed by Matthew L. Gillis
Ariel Property Advisors

Building Details for 533 West 162nd Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/13
Learn More About the Building

Transit and Citi Bike

Subway

163 St-Amsterdam Av
0.08 miles
168 St-Washington Hts
0.27 miles
157 St
0.28 miles
168 St
0.28 miles
155 St
0.43 miles

Citi Bike

Amsterdam Ave & W 162 St
0.08 miles
Broadway & W 160 St
0.14 miles

Contact Agents

Contact Agents

Matthew Gillis
Ariel Property Advisors
James Nestor
Ariel Property Advisors
Matthew Lev
Ariel Property Advisors

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.  

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: 47762TH