453 162Nd St New York, NY 10032
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 453 162Nd St
- Property type
- Apartment buildings
Description
Exceptional redevelopment opportunity in Washington Heights, Manhattan, presents a 9,224 sq ft buildable lot (as of right) zoned R7-2. Proposed plans include a twelve-unit elevator building with eleven two-bedroom and one one-bedroom apartment. This vacant lot is situated in an Opportunity Zone, offering significant tax advantages. The property enjoys excellent connectivity, being a short walk from the C train line and the A, C trains at 155th Street. Nearby amenities include a supermarket, library, City Drug & Surgical, and various restaurants and banks. Its proximity to the Morris-Jumel Mansion and Columbia University further enhances its appeal. The lot is adjacent to the Morris-Jumel Community Garden, ensuring abundant natural light and ventilation. This location offers investors a compelling combination of development potential, prime location, and strong rental demand. The asking price is $1,399,000. The lot size is 2,306 square feet. This is a truly unique opportunity for a savvy investor seeking a high-return project in a rapidly appreciating neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9393
- Latitude
- 40.8355
