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    OFF-MARKET
    Specialty properties

    711 179Th St, New York, NY 10033

    11,557 SF Built 1957
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11,557-square-foot property, located at 711 W 179th St in New York City's vibrant Washington Heights neighborhood, presents a unique investment opportunity. Currently configured as a two-story church building constructed in 1957, this property sits on a sizable 10,000-square-foot lot (100ft x 100ft) and boasts R7-2 zoning. This zoning designation unlocks significant potential for redevelopment, allowing for the construction of up to 35,000 square feet of residential space or a substantial 65,000-square-foot community facility. The asking price is $4,500,000, translating to $389.37 per square foot of building space and $4,500,000 per unit. The land value alone is assessed at $131 per square foot. Its strategic location directly across from the George Washington Bridge terminal provides unparalleled access to major transportation hubs, including subway and bus lines (A 1 Trains), connecting to both New York City and New Jersey. This prime location, combined with the substantial building size and flexible zoning, makes this property an ideal canvas for adaptive reuse or new construction, catering to developers seeking a high-impact project in a rapidly evolving urban area. The property's impressive footprint and advantageous location offer a rare chance to capitalize on the growth potential of Washington Heights.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1957
    Total area 11,557 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Congregation Shaare Hatikvah Synagogue
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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