512 West 169th Street

1 Unit Apartment Building | $1,375,000 ($1,375,000/Unit) | New York, NY 10032

Asking Price $1,375,000

Property Type: Multifamily
Square Feet: 1,400 SF

Listing Contacts

Charles Arnold

Verified Profile

Property Info

Property Overview

The property currently has a two-story plus cellar, wood frame, single-family residence originally constructed in 1908 that is ready to be torn down. The seller has already obtained approval for full building demolition of the existing structure from NYC Department of Buildings.
Once demolished, the property can be improved with a new multi-family residential building of 8,685 Gross SF, with a maximum 7,310 SF residential floor area over a maximum number of 10.75 dwelling units. New building can be constructed to a maximum height of 60 feet. Seller's team has completed schematics for a new 6-story, 8-unit, residential building with a mix of full floor and duplex apartments with private balconies, private garden and communal roof terrace.
Seller is willing to entertain offers from investors who may wish to retain the seller to develop and construct the project for a fee basis, or from developers looking to take advantage of attractive price points in an upcoming location in the upper Manhattan residential market. The property has great residential exposure on West 169th Street and commercial exposure on Amsterdam Avenue. The A and C trains are located two blocks away on St. Nicholas Avenue and 168th Street.
For further information or inspection, please contact exclusive Sales Agent, Misra Group Real Estate LLC:
Charles Arnold & Rohit Misra (212) 242-7070, [email protected]

Property Details

Class: C
Year Built: 1908
Stories: 2
Lot Size (sq. ft): 2,178 SF
Units: 1

Highlights

Great residential exposure on West 169th Street and commercial exposure on Amsterdam Avenue.
Lots of natural light.
A and C trains are located two blocks away on St. Nicholas Avenue and 168th Street.
Walking distance to New York-Presbyterian Columbia University Irving Medical Center.

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