$1,995,000
Updated 4 years ago
Off Market

515 West 158th Street

Washington Heights, Manhattan | Amsterdam Ave & Broadway

18 Rooms7 Beds4 Baths2,400 Square FeetMulti-Family

$1,995,000
floors / apts4 / 3
Lot Size20'x99'9"
Built Size20'x35'
ZoneR7-2
Building TypeTownhouse
RE Taxes$4,272
Price Per SF
$831

Building Amenities

  • Voice Intercom

Property Description for 515 West 158th Street

515 W. 158th is a renovated free-market three-family with an NOI of nearly $100k before Covid and 4,635 SF of additional air rights. Sold individually but also as part of the "Free-Market W. 158th Portfolio" that consists of four contiguous buildings (515-521 W. 158th), this remarkable building offers many unique opportunities based upon both existing income and future value-add potential. Please reach out for the OM and Pro Forma. Co-brokers welcome.

Listing History for 515 West 158th Street

Now
08/17/2022
TOM by Nathan Horne
Compass
05/21/2022
$1,995,000 [-$255,000] [11.3%]
Price Drop by Nathan Horne
Compass

Building Details for 515 West 158th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

157 St
0.13 miles
163 St-Amsterdam Av
0.19 miles
155 St
0.25 miles
155 St
0.35 miles
168 St-Washington Hts
0.46 miles

Citi Bike

W 160 St & St Nicholas Ave
0.13 miles
Broadway & W 160 St
0.13 miles

Contact Agents

Contact Agents

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: 85459TH