Description

Authoritative pre-war building with an amazing location at the corner of Broadway and West 160th Street in Upper Manhattan! The spaces are well-suited for a wide variety of commercial uses, with excellent access to the George Washington Bridge, major employers, public transportation, and heavily populated neighborhhoods.

Washington Heights/Inwood Neighborhood Population Trends:

                                          1990                            2000

Population:                      198,192                    208,414

Population Density:      67,184/sq. mile     70,649/sq. mile

( Change from 1970: 15.4% )

This particular section of Washington Heights is split-zoned for General Commercial and General Residential, in which commercial activity sustains the needs of the population that resides alongside and nearby. The upper floors of this six-story, mixed-use brick building consist of 38 rental units, many recently renovated and encompassing 53,876 square feet of living space. At the ground level there are five conveniently located and highly visible retail and doctors’ office units that range in size and make up nearly 4,000 square feet. Two professional office spaces in the building cover about 3,400 square feet. Most importantly, the sidewalks leading to this well-maintained building are very pedestrian friendly, with easy access to public transportation, highways, and major employers like the Columbia University Medical Center.

Just two blocks away is the 163rd Street-Amsterdam subway train station, providing service via the A and C trains to 1,193,933 travellers in 2010 – an increase of 4.5% from the year before. The 157th Street station, served by the 1 train at all times, is three blocks south and carried 3,238,373 passengers in 2010. This building at Broadway and West 160th has great visibility as commuters make their way along a main route to the George Washington Bridge. The bridge is located just over a mile north, and provides transportation to an average of 289,329 vehicles per day .

The neighborhood is rich with a sense of community, open space, employment opportunities, shopping options, and restaurants. Side streets are quaint, primarily residential, and very quiet. Broadway’s retail corridor bursts with eclectic shops and vendors, offering both one-of-a-kind items as well as the trendiest must-haves, and lush greenery lines the streets. One block to the west is Riverside Drive with river views of the Hudson and one block to the east is the Amsterdam Avenue retail corridor. The side streets are typically residential only and very quietFort Washington Park is located just a few blocks west and boasts 182 acres of playing courts and fields, historical landmarks, Manhattan’s only lighthouse, The Little Red Lighthouse, and great views of the Hudson River and Palisade Mountains.

Ranked 6th in the nation by U.S. News and World Report, Columbia University Medical Center - a division of the New York-Presbyterian Hospital - is situated on a 20-acre area just steps of this site on Fort Washington Avenue. The New York-Presbyterian Hospital has become the largest private employer in New York City, with a staff of 5,282 at the Columbia University Medical Center alone. In addition, there is a student enrollment of approximately 3,882 and 1,371 degrees were granted in the 2010-2011 school year.

Several choices of restaurants are within walking distance, as well as bakeries, coffee, gift, and fruits and vegetable shops, banks, pharmacies, barbershops, and jewelry and various other retail stores. The area continues to diversify its commercial scene as retailers see the success that can be achieved in this once overlooked neighborhood.

Property Information and Highlights:

• Highly visible corner site on well-travelled road (en route to George Washington Bridge)
• 125 feet frontage along West 160th Street, 99 feet along Broadway
• Split-zoned Commercial and Residential
• Six story brick building with nice architectural features, consisting of 38 residential units, five retail units, and two professional office spaces
• Common courtyard, new elevator and plumbing
• All new windows within apartments and hallways
• New roof and all new windows within apartments and hallways
• Modernized Elevator
• New hot and cold water risers and burner/boiler system
• New Intercom system and front door
• Retail spaces range from 336 to 1,600 square feet
• On-site supervisor oversees general maintenance
• Very pedestrian-friendly area, with public transportation and major employers in the immediate area

The Upper Manhattan and Washington Heights neighborhood does much to assist the community’s small businesses to succeed and grow, making the area an even more desirable place to live and conduct business. Examples of these resources are:

• Business Resource and Investment Service Center (BRISC): provides technical assistance and financing to small business owners in Upper Manhattan, and assists out-of-the area business owners in their transition to the area, as well as residents who are looking for guidance for their start-up business
• Washington Heights and Inwood Development Corporation: provides counseling to start-up and existing businesses, offering tools to establish and maintain a successful business
• Upper Manhattan Empowerment Zone (UEMZ): offers loans to small businesses, and since the onset the organization has loaned an estimated $70 million
• Chamber of Commerce Washington Heights and Inwood: facilitates communication between the neighborhoods’ businesses, elected officials, and government agencies

A location as unbelievable as this won’t last long! Call today to inquire about availability!