Manhattan Four-Family Home Development
For Sale
$1,986,000
503 W 168th St, New York, NY 10032
Four-family home with development potential in Upper Manhattan.
Property Size3,800 SF
Lot Size0.05 Acres
Days on Market157
Property Features for 503 W 168th St
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,447
Building Details
Building Size
3,800 SF
Year Built
1920
Units
4
Listing Agency:
(646) 685-3464
Listed By:
Junho Cho
(646) 685-3464
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Jul 16 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Junho Cho
Investment Insights
Based on property information with market context.
Located in Upper Manhattan, this fully detached four-family home presents a rare investment opportunity. The property is situated on a wide, tree-lined street and offers 4,370 square feet of unused FAR, making it suitable for condominium development under R7-2 zoning. Its location near a Columbia-affiliated university and a renowned hospital positions it to attract rental income from students and professionals. Transportation options include the A, C, and 1 subway lines, providing access to Midtown Manhattan in approximately 25 minutes. The property is being sold in its current condition. A neighboring property recently added two floors, demonstrating the development potential in the area.
Key Highlights
- Significant unused FAR (4,370 sq ft) allows for condominium development under R7‑2 zoning.
- Prime location near Columbia‑affiliated university and renowned hospital ensures steady rental income from students and professionals.
- Excellent transportation access with A, C, and 1 subway lines nearby, providing a 25‑minute commute to Midtown Manhattan.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 10032, NY
55,170
Population
23,178
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
76%
High-School Grad
0.7 sq mi
ZIP Area
78,814
Density / Sq Mi
$56,588
Median Household Income
$40,755
Median Earnings
$1,546
Median Rent
$545,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four-family home with development potential in Upper Manhattan.
Where is this residential land & home lot located?
The property is located at 503 W 168th St New York, NY.
What is the asking price?
The asking price for this property is $1,986,000.
What are key features of this property?
This property features: Significant unused FAR (4,370 sq ft) allows for condominium development under R7‑2 zoning.; Prime location near Columbia‑affiliated university and renowned hospital ensures steady rental income from students and professionals.; Excellent transportation access with A, C, and 1 subway lines nearby, providing a 25‑minute commute to Midtown Manhattan.
