531 West 159th Street

Property feature image
Address: 531 W 159th St, New York, NY 10032, USA
New York & Tri-State + Apartment Buildings
Created date: April 27, 2026
Date last updated: April 27, 2026

100% Free-Market Residential Status:
Zero rent-stabilization restrictions allowing for market-rate rents and inflationary adjustments.

Prime Condo Conversion Exit:
2017 construction and “Special Condo Billing” status provide a seamless pathway for a high-margin unit sell-out.

Modern Boutique Elevator Asset:
Expertly maintained 7-story mid-rise spanning 37,651 SF, featuring contemporary systems and luxury aesthetic.

Strategic & Versatile Unit Mix:
Optimized distribution of residential layouts including six (6) Studios, nine (9) 1-Bedrooms, and twenty one (21) 2-Bedroom units to meet local demand.

Institutional Tenant Anchor:
Situated minutes from Columbia University Irving Medical Center, ensuring a consistent, high-credit professional tenant base.

Elite Transit & “Walker’s Paradise”:
Boasts a 96 Walk Score and 100 Transit Score; located just 0.2 miles from the 1, A, and C subway lines.

Immediate Cash Flow with Upside:
Strong in-place revenue with significant rental growth potential driven by a robust Washington Heights market.

Vibrant Urban & Parkside Hub:
Ideally positioned blocks from Riverside Park, Fort Washington Park, and the historic Morris-Jumel Mansion.

Availabletick-green

Request Information

Due Digilence Documents

Due Diligence Documents

Broker Details

Ariel Property Advisors
Ariel Property Advisors

Ariel Property Advisors (212) 544-9500

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
No. of Units: 37
Building Size: 37,651 Sq ft
Opportunity Zone: No
Address: 531 W 159th St, New York, NY 10032, USA

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

155 Woodbine Avenue

155 Woodbine Avenue

Staten Island, New York
New York & Tri-State + Apartment Buildings
Price: $1,148,000
198 Willowbrook Road

198 Willowbrook Road

Staten Island, New York
New York & Tri-State + Apartment Buildings
Units: 1
Price: $928,888
39 Gloria Court

39 Gloria Court

Staten Island, New York
New York & Tri-State + Apartment Buildings
Price: $679,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up