533 West 162nd Street New York, NY 10032

Listing agency Ariel Property Advisors Show Phone

Listed by Michael Tortorici · License #NY 401085153

Source Crexi

Added: Apr 10 Updated: Jul 21 at 11:15PM Checked: Jul 22 at 5:15PM

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Investment Insights

Based on property information with market context.

533 West 162nd Street is a 20-foot-wide, four-story multifamily walk-up building comprising 13 SRO units. The property totals 3,840 gross square feet, with three units currently occupied. Additional current vacancies create opportunity for value-add and/or conversion. The building also retains 3,040 square feet of air rights for potential additional development.

The property is located on the north side of West 162nd Street between Broadway and Amsterdam Avenue in Washington Heights. It is one block north of the C subway line at West 161st Street and St. Nicholas Avenue, providing access to other areas of Manhattan and the outer boroughs. Major nearby institutions and multiple retail options are supported by the same transit corridors.

Key Highlights

• Four‑story walk‑up multifamily building with 13 SRO units in Washington Heights
• 3,840 gross SF building; 3 units currently occupied with vacancies for immediate value‑add
• Retains 3,040 SF of air rights for potential additional development

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FAQs

What type of property is this?

Apartment building - Four-story walk-up building features 13 SRO units with current vacancies and retained air rights for additional development.

Where is this apartment building located?

The property is located at 533 West 162nd Street New York, NY.

What are key features of this property?

This property features: Four‑story walk‑up multifamily building with 13 SRO units in Washington Heights; 3,840 gross SF building; 3 units currently occupied with vacancies for immediate value‑add; Retains 3,040 SF of air rights for potential additional development