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

519-521 West 158th Street

Washington Heights, Manhattan | Amsterdam Ave & Broadway

33 Rooms18 Beds13 Baths7,847 Square FeetMulti-Family

$4,995,000
floors / apts4 / 6
Building TypeLow-Rise
RE Taxes$7,296
Price Per SF
$637

Building Amenities

  • Voice Intercom

Property Description for 519-521 West 158th Street

Compass has been retained on an exclusive basis to facilitate the sale of 519-521 W. 158th Street, two income producing free-market three family buildings in Washington Heights with a ~$300k NOI and ~7,500 SF of additional air rights. 519-521 W. 158th is part of the ""Free-Market W. 158th Street Portfolio," and can be sold individually or as part of a package. These remarkable buildings were renovated in the few years and offer a stable covered value-add play that would be ideal for a 1031 buyers, developer, or any savvy investor. Please fee free to reach out with any questions or to set up a showing. Co-brokers welcome.

Listing History for 519-521 West 158th Street

Now
08/12/2022
TOM by Nathan Horne
Compass
05/21/2022
$4,995,000 [-$255,000] [4.9%]
Price Drop by Nathan Horne
Compass

Building Details for 519-521 West 158th Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1982
Floors/Apts4/6
Learn More About the Building

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: 85505TH