453 West 162nd Street

For Sale$1,875,000

453 West 162nd Street, New York, NY 10032

  • Land

453 West 162nd Street, New York, NY 10032 - Land Space

453 West 162nd Street is located at 453 West 162nd Street in the Washington Heights neighborhood, NY, New York, 10032. The Land building features a total of 9,280 Sqft.

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Details

  • Sale Price $1,875,000
  • City New York
  • Neighborhood Washington Heights
  • Zip Code 10032
  • Property Type Land
  • Property Size 9,280 Sqft
  • Date Updated 06 Nov, 2019

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Description

Unique opportunity zone development adjacent to a number of key residential and commercial drivers in Washington Heights. The subject property is a vacant lot that is prime for either a residential and medical facility redevelopment. Current ownership has proposed plans in late stages of DOB approval for a twelve (12) unit elevator multifamily building that comprises of eleven (11) two-bedroom units and one (1) one-bedroom apartment. The subject property is strategically located near the Columbia University Medical Campus, allowing a future developer to benefit by maximizing the full community facility FAR with either medical office space or a build-out for private clinics. In addition, future ownership can benefit from condominium sell-outs approaching $1,000/SF and rental rates at $50/SF for new product that is less than a few minute walk away from the medical village. The land is semi-detached as the neighboring lot is the Morris-Jumel Community Garden that is unlikely to ever be developed as it is preserved under the 2002 Settlement that the Bloomberg administration brokered protecting over 500 Community Gardens. 9,280 BSF. 20.60' FRONTAGE.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 453 West 162nd Street?

453 West 162nd Street totals 9,280 square feet.

Washington Heights Demographics

The average household income in zip code 10032 is $70,512, from a total of 21,226 households. In terms of employment, there are 81.46 % white-collar and 18.54 % blue-collar jobs in zip code 10032.

Population

  • Total Population180,158
  • Male Population(48.3 %) 87,032
  • Female Population(51.7 %) 93,126
  • Median Age35.70

Income/Financial

  • Average Household Income$72,625
  • Median Household Income$53,525
  • Median Income Under 25$46,563
  • Median Income 25-44$68,532
  • Median Income 45-64$56,787
  • Median Income Over 65$25,981

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