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711 W 179th St 11,557 SF Specialty Building Offered at $4,500,000 at a 7.60% Cap Rate in New York, NY 10033
INVESTMENT HIGHLIGHTS
- 100’ x 100’ Property Lot Zoned R7-2
- Directly Across from George Washington Bridge Terminal
- Ideal Footprint For Redevelopment
- Potential to build 34,397 SF Residential or up to 65,000 Community Facility
- Transport Hub with Subway and Bus Transport Providing access across NYC and NJ A 1 Trains
EXECUTIVE SUMMARY
Located in Washington Heights, this two-story, M1- classified building covers a 10,000 square foot lot with approximately 11,557 square
feet of building space. With an impressive footprint of 100 ft. x 100 ft, it’s R7-2 zoning allows for residential development up to 35,000 SF, or 65,000 SF community facility development right by the George Washington Bridge. The advantageous location, combined with the building’s potential for adaptive reuse or development, presents a rare chance to own and shape a piece of New York City’s evolving urban landscape, particularly appealing to those with a vision for growth in a bustling urban area.
feet of building space. With an impressive footprint of 100 ft. x 100 ft, it’s R7-2 zoning allows for residential development up to 35,000 SF, or 65,000 SF community facility development right by the George Washington Bridge. The advantageous location, combined with the building’s potential for adaptive reuse or development, presents a rare chance to own and shape a piece of New York City’s evolving urban landscape, particularly appealing to those with a vision for growth in a bustling urban area.
PROPERTY FACTS Under Contract
| Price | $4,500,000 | Property Subtype | Religious Facility |
| Price Per SF | $389.37 | Lot Size | 0.23 AC |
| Sale Type | Investment or Owner User | Building Size | 11,557 SF |
| Cap Rate | 7.60% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1957 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Price | $4,500,000 |
| Price Per SF | $389.37 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.60% |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Lot Size | 0.23 AC |
| Building Size | 11,557 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 2176-0027 | Improvements Assessment | $761,850 |
| Land Assessment | $147,150 | Total Assessment | $909,000 |
PROPERTY TAXES
Parcel Number
2176-0027
Land Assessment
$147,150
Improvements Assessment
$761,850
Total Assessment
$909,000
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711 W 179th St
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