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$1,725,000
541 W 159th Street, New York (Manhattan), NY, 10032
Prime Manhattan development opportunity at 541 W 159th St in Washington Heights.
This property is already through the heavy lift—framing, plumbing, electrical, and roofing are complete—and comes with approved architectural plans plus unused air rights. Currently configured as a 4-bed, 5-bath duplex with a full walkout basement and three floors up, it offers flexibility to finish as a luxury multi family residence or convert into a high-yield 8-unit condominium. Located in a high-demand corridor near transportation, hospitals, and universities, this is a low-risk, high-upside opportunity for builders or developers looking to minimize delays and maximize returns.
Offered By
Raywilliam Ramirez, Realty Trends Corp
Property Details
Property Type
Residential Income
Status
Active
Property Sub Type
Duplex
MLS #
942823
Heating
Forced Air, Natural Gas
Cooling
Central Air
Utility Features
Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1905
Basement
Finished, Full, Walk-Out Access
Parking Features
On Street
CITY
New York (Manhattan)
COUNTY
New York (Manhattan)
STATE
NY
SENIOR COMMUNITY
No
TAX AMOUNT
5872.28
LATEST UPDATE
2026-02-04T00:04:49.862Z
DAYS ON MARKET
56
PRICE CHANGE(S)
$1,725,000 Feb 4, 2026
$1,800,000 Dec 10, 2025
CUMULATIVE DAYS ON MARKET
56
Property Details
Property Type
Residential Income
Status
Active
Property Sub Type
Duplex
MLS #
942823
New Properties On Market
2
50%
Decrease In New Listings
Average Asking Price
$272,500
$575,375 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$461
$925 Decrease In List Price/Sq. Ft.
Average Days On Market
2
13 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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