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Renovated 8-Unit Apartment Building
For Sale
Contact for pricing
Pending

561 W 161st St, New York, NY 10032

Multifamily property with renovated apartments, one vacant unit, and access to multiple subway lines in Manhattan.

Property Size4,435 SF
Days on Market145

Property Features for 561 W 161st St

General Information

Standard status Pending
Size 4,435 SF
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 8

Building Details

Buildings 1
Listing Agency: Palladium Property Group
Listed By: Brandon Bressan · License #NY 10491208246
Source: Crexi
Added: Apr 12 Changed: Sep 3 Last Checked: Sep 2 at 3:27PM

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 Palladium Property Group

Investment Insights

Based on property information with market context.

This 4,435-square-foot apartment building contains 8 units, with renovated apartments throughout. The property is 100% rent stabilized and includes one vacant unit, offering a mix of occupied and available residential space. The asset is located at 561 W 161st St in Manhattan’s Washington Heights section.

The building is a half block from the A and C subway lines at 163rd St and four blocks from the 1 subway line at 157th St. It also sits a half block from the Broadway commercial corridor, with shopping, restaurants, and community activities nearby. Columbia University, Columbia School of Nursing, NY Presbyterian Hospital, and City College are identified as nearby major employers and educational institutions.

Key Highlights

  • 8‑unit apartment building with 4,435 square feet
  • 100% rent stabilized with one vacant unit
  • Renovated apartments throughout the building

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

8
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with renovated apartments, one vacant unit, and access to multiple subway lines in Manhattan.
Where is this apartment building located?
The property is located at 561 W 161st St New York, NY.
What are key features of this property?
This property features: 8‑unit apartment building with 4,435 square feet; 100% rent stabilized with one vacant unit; Renovated apartments throughout the building
More about this property
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