Fully Free Market Residential Premier Washington Heights Location

Market Price

531 West 159th Street, New York, NY 10032

For Sale

Mixed Use

Active

Last Updated: 04/28/2026

Building Size: 37,651 sqft

Lot Area: 7,494 sqft

Units: 37

Zoning: R7-2

Floors: 7

100% Free-Market Residential Status: Zero rent-stabilization restrictions allowing for market-rate rents and inflationary adjustments.
Prime Condo Conversion Exit: 2017 construction and "Special Condo Billing" status provide a seamless pathway for a high-margin unit sell-out.
Modern Boutique Elevator Asset: Expertly maintained 7-story mid-rise spanning 37,651 SF, featuring contemporary systems and luxury aesthetic.
Strategic & Versatile Unit Mix: Optimized distribution of residential layouts including six (6) Studios, nine (9) 1-Bedrooms, and twenty one (21) 2-Bedroom units to meet local demand.
Institutional Tenant Anchor: Situated minutes from Columbia University Irving Medical Center, ensuring a consistent, high-credit professional tenant base.
Elite Transit & "Walker’s Paradise": Boasts a 96 Walk Score and 100 Transit Score; located just 0.2 miles from the 1, A, and C subway lines.
Immediate Cash Flow with Upside: Strong in-place revenue with significant rental growth potential driven by a robust Washington Heights market.
Vibrant Urban & Parkside Hub: Ideally positioned blocks from Riverside Park, Fort Washington Park, and the historic Morris-Jumel Mansion.

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