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Triplex Building with Air Rights
For Sale
Contact for pricing
Pending

517 W 158th St, New York, NY 10032

Vacant triplex property with approved plans for a four-unit renovation and additional development capacity.

Property SizeContact for details
Days on Market143

Property Features for 517 W 158th St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Compass Commercial - The Horne Team
Listed By: Nathan Horne · License #NY
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 11:19PM

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 Compass Commercial - The Horne Team

Investment Insights

Based on property information with market context.

This vacant triplex property is positioned for renovation under approved plans calling for a four-unit residential configuration. The site also includes 3,811 SF of additional air rights, creating further development capacity beyond the planned improvements.

The property may be acquired individually or together with 515, 519, and 521 W. 158th Street. Those adjoining properties comprise three renovated, fully free-market three-unit buildings, while the combined assemblage would total 13 units over 13,309 SF with 15,783 SF of air rights. The subject property is located at 517 W 158th St, New York, NY 10032.

Key Highlights

  • Approved plans for renovation into a four‑unit residential property
  • 3,811 SF of additional air rights
  • Vacant building available for individual acquisition

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Acupuncture

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

Location Intelligence

Trade Area within ½ mile

8,950
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Vacant triplex property with approved plans for a four-unit renovation and additional development capacity.
Where is this triplex located?
The property is located at 517 W 158th St New York, NY.
What are key features of this property?
This property features: Approved plans for renovation into a four‑unit residential property; 3,811 SF of additional air rights; Vacant building available for individual acquisition
(706) 255-5657 Call to check price and availability
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