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    453 W 162Nd St New York, NY 10032

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    For Sale
    $1,200,000

    Vacant lot with approved plans for a 12-unit building.

    Lot size:
    0.05 Acres

    Property Features for 453 W 162Nd St

    General Information

    Lot size
    0.05 Acres
    Source: Moodyscre

    Listing Agent: Sadya Liberow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Development Opportunity

    This vacant lot is positioned for residential development. It offers 9,224 square feet of buildable space, suitable for a substantial project. The current ownership has advanced plans for a 12-unit elevator building, which are in the final stages of Department of Buildings approval.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9390276
    Latitude
    40.8356054

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    FAQs

    What type of property is this?
    Land - Vacant lot with approved plans for a 12-unit building.
    Where is this land located?
    The property is located at 453 W 162Nd St New York, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - DOB approval in final stages for a 12-unit elevator building.; - Generous 9,224 SF of buildable space.; - Prime vacant lot suitable for residential development.
    (718) 887-9090
    Request Owner's contact information
    453 W 162Nd St New York, NY 10032
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    New York, NY 10032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    453 W 162Nd St New York, NY 10032
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