Vacant Lot With Approved Plans | Located in an Opportunity Zone

Highlights:

• Exceptional Location Along West 187th Street
• Opportunity Zone
• 5,443 Buildable SF
• Approved plans
• Close Proximity to Yeshiva University
• Close Proximity to New York Presbyterian Hospital
• Close Proximity to the George Washington Bridge and Local Area Highways

Description:

Ariel Property Advisors presents 653 West 187 street. A prime Hudson Heights development opportunity located on the northside of West 187th Street between Broadway and Wadsworth. This property is also situated within a rare Manhattan opportunity zone.

Located in the heart of the rapidly expanding West 187th Street thoroughfare the property is zoned, R7-2 (3.44 FAR) providing approximately 5,443 buildable square feet (as-of-right) for future development. Approved plans are available and currently call for a two family building comprised of two duplex units. The first unit is a three bedroom space that will be duplexed from the basement to first floor. The second unit is a four bedroom space which will be duplexed on floors two and three. Offering a considerable amount of space in both units this property lends itself well to today’s new live and work from home world.

Future ownership will also benefit from the property’s exceptional location along West 187th Street. New York Presbyterian Hospital is just a nine minute walk south and the asset is three blocks from Yeshiva University’s Washington Heights Campus. The property is also in close proximity to major retail thoroughfares along Broadway and West 181st Street . Some retail tenants in this area of Hudson Heights include Starbucks, Dunkin, The United States Post Office, Subway, McDonald’s, Domino’s, Key Food, Rite Aid, Foot Locker, Chase Bank, CitiBank, Capital One Bank and AT&T.

Convenient access to downtown Manhattan and outer-borough locations is provided by the 1 subway train station on West 191st Street and the A subway train located at West 181st Street. Offering accessibility, scale, and prime location in a rapidly appreciating area of Hudson Heights, 653 West 187th Street represents an outstanding Northern Manhattan development opportunity.

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