161-165 West 132nd Street

Ariel Property Advisors presents 161-165 West 132nd Street, a 60‘ wide residential or commercial conversion opportunity located on the north side of West 132nd Street between Adam Clayton Powell Boulevard and Lenox Avenue in Central Harlem’s Historic District.

161 West 132nd Street consists of a 60’ x 99.92’ lot that is improved by a vacant 4-story structure. In its current configuration, the building contains a 135-spot parking garage spanning 22,800 square feet with an additional 5,700 square feet of below-grade space, which includes a service elevator.

With flexible R7-2 / C1-4 zoning, its scale, layout, and vacancy are appealing to both residential developers and owner users who can capitalize on the strengthening Central Harlem market. Owner-users will appreciate the building’s flexibility to accommodate residential, retail, restaurant, education, office, or other community-oriented uses.

The property is located along a tree-lined residential block with excellent proximity to Striver’s Row and several other neighborhood attractions and institutions. Harlem Hospital, City College of New York, St. Nicholas Park and Columbia University’s Manhattanville expansion are all within walking distance of the subject property. Additionally, transportation is easily accessible from the property with the 2,3 / A, B, C subways within a 4 minute walk as well as the M2, M7 and M102 bus lines.

With its architecturally distinct structure, prime location, and flexible conversion options, 161-165 West 132nd Street represents a premier Central Harlem opportunity for developers, investors and owner-users.