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