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423 W 218th St 2,450 SF Retail Building New York, NY 10034 $5,100,000 ($2,081.63/SF)
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
2,450 SF
Building Class
C
Year Built
1922
Price
$5,100,000
Price Per SF
$2,081.63
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C6-2 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location
Walk Score®
Very Walkable (86)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2214-0039 | Improvements Assessment | $51,030 |
| Land Assessment | $49,500 | Total Assessment | $100,530 |
PROPERTY TAXES
Parcel Number
2214-0039
Land Assessment
$49,500
Improvements Assessment
$51,030
Total Assessment
$100,530
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423 W 218th St
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