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35-Unit Walk-Up Apartment Building
For Sale
$3,900,000

515 W 170th St, New York, NY 10032

Multifamily property with one-, two-, and three-bedroom layouts near major medical, educational, recreational, and transit destinations.

Property Size29,250 SF
Price / SF$133.33
Days on Market153

Property Features for 515 W 170th St

General Information

Standard status Active
Size 29,250 SF
Property subtype Multifamily

Financials

Cap Rate 7.6%
Average Monthly Rent $2,238

Units

Unit Mix 12 x 1BR, 18 x 2BR, 5 x 3BR
Multifamily Units 35

Additional Details

Public Transit Yes

Amenities

515 West 170th Street, built in 1917, is a 35 unit walk-up spanning 6 stories, and is approx. 29,250 SF on a 65' x100' FT lot.
6.2x GRM | $128,571 per Unit | $154 per Square Foot | 30% Free Market
515 West 170th Street is conveniently located near New York-Presbyterian / Columbia University Medical Center, Audubon Playground, P.S. 513 Castle Bridge School, and the 168th Street A & C train.

Building Details

Building Size 29,250 SF
Units 35
Listing Agency: New York City Office
Listed By: Seth Glasser · License #NY: 10301209629
Source: Marcusmillichap
Added: Apr 3 Changed: Aug 30 Last Checked: Aug 30 at 9:56PM

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 New York City Office

Investment Insights

Based on property information with market context.

This walk-up apartment property contains 35 residences across 29,250 square feet. The unit mix includes 12 one-bedroom apartments, 18 two-bedroom apartments, and 5 three-bedroom apartments. Ten units have been deregulated following individual apartment improvements. The building has been maintained by the same family for nearly 25 years.

Positioned between Audubon Avenue and Amsterdam Avenue in Washington Heights, the property is near New York-Presbyterian / Columbia University Medical Center, Audubon Playground, P.S. 513 Castle Bridge School, and the 168th Street A & C train station. Its location combines access to neighborhood amenities, an institutional medical center, a school, and subway transportation.

Key Highlights

  • 35 apartments: 12 one‑bedroom, 18 two‑bedroom, and 5 three‑bedroom units
  • 29,250‑square‑foot walk‑up apartment property
  • 10 units deregulated through individual apartment improvements

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

35
Residential units

Location Intelligence

Trade Area within ½ mile

10,028
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with one-, two-, and three-bedroom layouts near major medical, educational, recreational, and transit destinations.
Where is this apartment building located?
The property is located at 515 W 170th St New York, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 35 apartments: 12 one‑bedroom, 18 two‑bedroom, and 5 three‑bedroom units; 29,250‑square‑foot walk‑up apartment property; 10 units deregulated through individual apartment improvements
More about this property
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