2017 Mid-Rise Residential Income
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531 West 159th Street, New York City, NY 10032
Seven-story building built in 2017 with 36 residential units and one commercial unit.
Property Size37,651 SF
Days on Market133
Property Features for 531 West 159th Street
General Information
Standard status
Active
Size
37,651 SF
Property subtype
Multifamily, Mixed Use
Zoning
R7-2
Additional Details
Multifamily Units
36
Building Details
Year Built
2017
Stories
7
Units
37
Listing Agency:
Ariel Property Advisors
Listed By:
Victor Sozio · License #NY 10301211469
(212) 544-9500
Source:
Crexi
Added: Apr 29
Changed: Aug 25
Last Checked: Sep 8 at 4:10AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
531 West 159th Street is a fully free market residential building built in 2017. The property is a 7-story mid-rise totaling 37,651 SF and is described as expertly maintained with contemporary building systems. The unit mix includes 36 residential units and 1 commercial unit.
Located in Washington Heights on the West Side of Northern Manhattan, the building is also noted as having “Special Condo Billing” status. That designation is presented as providing a pathway for a condo conversion exit, alongside existing in-place revenue from the current unit configuration.
Located in Washington Heights on the West Side of Northern Manhattan, the building is also noted as having “Special Condo Billing” status. That designation is presented as providing a pathway for a condo conversion exit, alongside existing in-place revenue from the current unit configuration.
Key Highlights
- 7‑story mid‑rise built in 2017 with 37,651 SF of space
- Unit mix includes 36 residential units plus 1 commercial unit
- Fully free‑market residential building with in‑place revenue and strong rental growth potential
Property Analytics
Current Use
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
8,950
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-story building built in 2017 with 36 residential units and one commercial unit.
Where is this apartment building located?
The property is located at 531 West 159th Street New York City, NY.
What are key features of this property?
This property features: 7‑story mid‑rise built in 2017 with 37,651 SF of space; Unit mix includes 36 residential units plus 1 commercial unit; Fully free‑market residential building with in‑place revenue and strong rental growth potential
