Exclusive Ground Up Development Site - FOR SALE

Description:

Kassin Sabbagh Realty (KSR) has been exclusively retained to represent a prime development site located at 423 West 218th Street in the heart of Inwood, Manhattan, with an asking price of $5,100,000. The property is ideally positioned adjacent to major institutional demand drivers, including the Columbia University Athletic Complex and New York-Presbyterian Allen Hospital, making it a compelling opportunity for residential or mixed-use development.

The site is currently improved with an owner-operated auto repair facility, which has been operated by the same ownership for over 40 years, providing a clear path to redevelopment upon delivery. The property benefits from excellent transit accessibility, with close proximity to both the 1 Train and the A Train, offering direct connectivity to Midtown and Downtown Manhattan.

From a planning perspective, the site is located within a Mandatory Inclusionary Housing (MIH) area and a Fresh Food Retail Incentive Zone, providing meaningful development flexibility and potential economic incentives. [Zoning designation] applies to the property and includes an E-Designation Environmental Requirement, which will require environmental review as part of future development.

With its core Inwood location, immediate access to mass transit, adjacency to major medical and educational institutions, and favorable zoning overlays, 423 West 218th Street represents a rare opportunity to develop in one of Manhattan’s most supply-constrained and rapidly evolving neighborhoods.

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