161-165 West 132nd Street

For Sale$6,950,000

161-165 West 132nd Street, New York, NY 10027

  • Mixed Use

161-165 West 132nd Street, New York, NY 10027 - Mixed Use Space

161-165 West 132nd Street is located at 161-165 West 132nd Street in the Harlem neighborhood, NY, New York, 10027. The Mixed Use building features a total of 22,800 Sqft.

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Details

  • Sale Price $6,950,000
  • City New York
  • Neighborhood Harlem
  • Zip Code 10027
  • Property Type Mixed Use
  • Property Size 22,800 Sqft
  • Lot Size 5,995 Sqft
  • Date Updated 11 Aug, 2020
  • Website arielpa.nyc

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Description

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.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 161-165 West 132nd Street?

161-165 West 132nd Street totals 22,800 square feet.

Harlem Demographics

Population

  • Total Population197,272
  • Male Population(46.9 %) 92,572
  • Female Population(53.1 %) 104,701
  • Median Age35.00

Income/Financial

  • Average Household Income$73,779
  • Median Household Income$45,577
  • Median Income Under 25$37,170
  • Median Income 25-44$59,548
  • Median Income 45-64$44,716
  • Median Income Over 65$24,444

Commercial Brokers Register now to add listings

Victor Sozio

Ariel Property Advisors

(212) 544-9500 x 12

Shimon Shkury

Ariel Property Advisors

(212) 544-9500 x 11

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

James Nestor

Ariel Property Advisors

(212) 544-9500 x 86

Oliver Elihu

Ariel Property Advisors

(212) 544-9500 x 21