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512 W 181st St

25,400 SF Office Building New York, NY 10033 $9,500,000 ($374/SF)

Virtual Tour

INVESTMENT HIGHLIGHTS

  • 512 W 181st Street gives owners/users and investors an opportunity to purchase a versatile commercial building in the Washington Heights neighborhood.
  • Located within walking distance of Highbridge Park near industry-leading tenants, such as Starbucks, Target, Capital One, Chick-fil-A, and more.
  • Conveniently travel to and from the property with easy access to the 1 and A subway trains, the George Washington Bridge, Interstate 95, and beyond.
  • Ideal for medical, office, retail, or community use and is located on a prominent commercial corridor with heavy pedestrian and vehicle traffic.
  • Prominent building features include 45 feet of frontage, signage opportunities, 14’6” ceiling heights, and mostly open and expansive full floors.
  • Valuable pre-existing CURB CUT

EXECUTIVE SUMMARY

512 West 181st Street is a vacant three-story commercial building in Upper Manhattan’s vibrant Washington Heights neighborhood. The property contains 25,400 square feet, with a basement used for general retail space by the previous tenant, Goodwill. Situated between Audubon and Amsterdam avenues, capitalize on versatile full floors with largely open layouts and up to 14-foot 6-inch ceiling heights.
Purchase this building as an owner/user or buy it as an investment for a single-tenant or multi-tenant experience. 512 W 181st Street is ideal for medical, office, and retail use with expansion potential for community facility uses. Additional property features include 45 feet of frontage and building signage opportunities within a densely populated neighborhood that experiences high vehicle and foot traffic.

Starbucks, Chipotle, Capital One, Target, Chase, Chick-fil-A, and many other national retailers lease space along the prominent W 181st Street corridor. Access to the 1 and A subway trains are only steps away from the property, providing direct access to the Upper West Side, Midtown Manhattan, and many other New York City destinations. 512 West 181st Street is just a few blocks from the Interstate 95 on-ramp and the George Washington Bridge, with efficient connectivity to the Major Deegan Expressway (Interstate 87) and the Cross Bronx Expressway.

SALE FLYER

MORE ATTACHMENTS

Marketing Brochure

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
25,400 SF
Building Class
C
Year Built
1900
Price
$9,500,000
Price Per SF
$374
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,200 SF
Building FAR
4.86
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C8-3, R7-2 - Commercial

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Lower Level
  • 6,350 SF
  • Office/Medical
  • Shell Space
  • Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

  • 1st Floor
  • 6,350 SF
  • Office/Medical
  • Shell Space
  • Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Also available for retail use. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

  • 2nd Floor
  • 6,350 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

  • 3rd Floor
  • 6,350 SF
  • Office/Medical
  • -
  • Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

Space Size Space Use Condition Available
Lower Level 6,350 SF Office/Medical Shell Space Now
1st Floor 6,350 SF Office/Medical Shell Space Now
2nd Floor 6,350 SF Office/Medical Partial Build-Out Now
3rd Floor 6,350 SF Office/Medical - Now

Lower Level

Size
6,350 SF
Space Use
Office/Medical
Condition
Shell Space
Available
Now

1st Floor

Size
6,350 SF
Space Use
Office/Medical
Condition
Shell Space
Available
Now

2nd Floor

Size
6,350 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

3rd Floor

Size
6,350 SF
Space Use
Office/Medical
Condition
-
Available
Now

Lower Level

Size 6,350 SF
Space Use Office/Medical
Condition Shell Space
Available Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

1st Floor

Size 6,350 SF
Space Use Office/Medical
Condition Shell Space
Available Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Also available for retail use. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

2nd Floor

Size 6,350 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

3rd Floor

Size 6,350 SF
Space Use Office/Medical
Condition -
Available Now

Largely open space with a Mezzanine to a lower level. Two floors of open space above street level. Located between Audubon Avenue and Amsterdam on 181st Street in Upper Manhattan. Rent will range from $40-$50 per S/F depending on amount of square footage leased.

Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
189,791
1,199,476
2,265,453
2024 Population
181,380
1,164,950
2,112,315
Population Growth '20-'24
-4.4%
-2.9%
-6.8%
2020 Households
70,712
445,981
866,248
2024 Households
67,117
430,671
802,531
Household Growth '20-'24
-5.1%
-3.4%
-7.4%
Average Age
40
39
39
Median Household Income
$45,397
$42,842
$50,617
Daytime Employees
56,285
288,213
610,225
Total Businesses
8,498
37,735
81,046
College Degree + Higher
28%
25%
31%

NEARBY AMENITIES

RESTAURANTS

Chick-Fil-A - - 3 min walk
Chipotle - - 5 min walk

RETAIL

United States Postal Service Business/Copy/Postal Services 1 min walk
Target Dept Store 3 min walk
Capital One Bank 4 min walk

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2152-0070
Land Assessment
$99,900
Improvements Assessment
$1,135,350
Total Assessment
$1,235,250

SALE ADVISOR

SALE ADVISOR

(212) 372-2243
Contact
Barry Goodman, Senior Managing Director
(212) 372-2243
Contact
Barry Goodman joined Newmark’s Manhattan headquarters in 2002. He has more than 35 years of experience in commercial real estate, and provides strategic advisory and transaction services to owners and tenants throughout the New York Metropolitan area.

As an owner’s representative, Goodman has acted on behalf of many prominent landlords and properties, including The Milstein Organization, Lawrence Ruben Company, The New York Power Authority, The Halpern Family, The Related Companies and Rose Associates. Some of Goodman’s most significant representations include 1 Dag Hammarskjold Plaza; 625 Madison Avenue; 1372 Broadway; 600 Madison Avenue; 123 Main Street, White Plains; the offices at the Continental (883 Avenue of the Americas); and 451 Park Avenue South.

Goodman represents a diverse group of tenants, including clients from the financial, foreign diplomacy, not-for-profit, healthcare, entertainment, legal and retail sectors. Among the most noteworthy clients he has worked with are Emigrant Savings Bank, CIGNA, the governments of Peru, Ecuador, Guatemala, Panama and Kenya, The New York Power Authority, Lifespire Inc., Columbia University, Mount Sinai Hospital, Montefiore Hospital, the Recording Industry Association of America, Bed Bath & Beyond, Dewey Ballentine, Raymond James Financial, the American Association of Retired Persons, Lan Chile Airlines, Avianca Airlines, The Charles Wang Foundation, The Benetton Family and Cipriani.

Goodman has also arranged numerous sales, including the disposition of 1811 Metzerott Road, a 90-unit multi-family complex in Adelphi, MD. He has completed sales to Berkshire Bank for its New York headquarters, New York Road Runners Club, Sale of 1180 Morris Park Avenue to Montefiore Hospital, the Peruvian Consulate in New York, the United Arab Emirates Mission to the United Nations, the Oaktree Plaza on Long Island and the sale of a commercial condominium to the government of Ecuador at 800 Second Avenue.

Goodman is a member of the Real Estate Board of New York, the New York Real Estate Board Plaza Committee, The Americas Society and the Young Men’s Real Estate Division of the Albert Einstein College of Medicine. He served on the subcommittee on Budget Finance and Taxation for the Mayor’s Economic Development Advisory Committee and is on the advisory board of Neighborhood Housing Services of New York and is on the board of directors of The Shield Institute.
  • Listing ID: 30616101

  • Date on Market: 1/9/2024

  • Last Updated:

  • Address: 512 W 181st St, New York, NY 10033

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