453 West 162nd Street
$1,600,000
453 West 162nd Street, New York, NY 10032
0.0529 acres
Lot Area
Details:
Highlights:
- PPBSF: $173.46
- Property has 9,224 buildable square feet.
- 2-minute walk to the Morris-Jumel Mansion, a historical museum, and only 0.5 miles from Columbia University.
- The property is located just half a block from the C subway line at West 163rd Street and Saint Nicholas Avenue, and 155 St (A, C) subway station.
Description:
The subject property is an exceptional vacant lot poised for redevelopment, ideally suited for residential purposes. With an as of right total of 9,224 square feet of buildable space. The current ownership has proposed plans in for a twelve-unit elevator multifamily building featuring eleven two-bedroom units and one one-bedroom apartment. This prime site boasts immediate access to essential amenities, including a supermarket just 400 feet away and the Washington Heights library. Located adjacent to the Morris-Jumel Community Garden, protected under the 2002 Settlement negotiated by the Bloomberg administration, this prime location ensures the lot enjoys abundant natural light and ventilation.
This development property represents a compelling investment opportunity in Washington Heights, celebrated for its historic charm and cultural vibrancy. It is an appealing choice for astute investors, being just a 2-minute walk to the Morris-Jumel Mansion, a historical museum, and only 0.5 miles from Columbia University.