541 W 159th St New York, NY 10032
Washington Heights NeighborhoodEstimated payment $9,957/month
Highlights
- Popular Property
- 3-minute walk to 157 Street
- High Speed Internet
- High Ceiling
- Forced Air Heating and Cooling System
About This Home
Prime Manhattan development opportunity at 541 W 159th St, New York, NY 10032—currently configured as a 4-bedroom, 5-bath duplex with a full walkout basement/cellar and three floors up, with all major structural and mechanical work already completed including framing, plumbing, electrical, and roofing. The property comes with approved architectural plans and unused air rights, giving an incoming investor the flexibility to either complete the project as a luxury residence or convert it into a high-yield 8-unit condominium development. Located in a high-demand Washington Heights corridor near transportation, hospitals, universities, and major amenities, this is an ideal investment for builders or developers seeking a low-risk, high-upside opportunity where major initial stages are already finished, minimizing delay and maximizing profit potential.
Listing Agent
Realty Trends Corp Brokerage Phone: 516-312-3223 License #10401379050 Listed on: 12/09/2025
Co-Listing Agent
Realty Trends Corp Brokerage Phone: 516-312-3223 License #10311207324
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,872
Year Built
- Built in 1905
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Stone Siding
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Additional Features
- High Ceiling
- 1,532 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 2118-0055
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,872 | $30,954 | $10,544 | $20,410 |
| 2024 | $5,872 | $29,237 | $28,920 | $18,585 |
| 2023 | $5,879 | $28,949 | $10,549 | $18,400 |
| 2022 | $5,457 | $90,120 | $30,960 | $59,160 |
| 2021 | $5,429 | $81,000 | $30,960 | $50,040 |
| 2020 | $5,460 | $87,360 | $30,960 | $56,400 |
| 2019 | $5,097 | $85,260 | $30,960 | $54,300 |
| 2018 | $4,918 | $24,124 | $8,760 | $15,364 |
| 2017 | $4,644 | $22,780 | $8,272 | $14,508 |
| 2016 | $4,297 | $21,496 | $8,296 | $13,200 |
| 2015 | $2,592 | $21,496 | $8,605 | $12,891 |
| 2014 | $2,592 | $20,304 | $8,469 | $11,835 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/09/2025 12/09/25 | For Sale | $1,800,000 | +118.2% | $517 / Sq Ft | |
| 06/14/2023 06/14/23 | Sold | $825,000 | 0.0% | $237 / Sq Ft | View Prior Sale |
| 04/06/2023 04/06/23 | Pending | -- | -- | -- | |
| 03/21/2023 03/21/23 | Price Changed | $824,900 | -6.7% | $237 / Sq Ft | |
| 02/01/2023 02/01/23 | For Sale | $884,000 | -- | $254 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $870,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $840,056 | -- | |
| Deed | $840,056 | -- | |
| Deed | $1,215,000 | -- | |
| Deed | $1,215,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $100,000 | -- | |
| Deed | $100,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $600,000 | -- | |
| Deed | $600,000 | -- | |
| Interfamily Deed Transfer | -- | United General Title Ins Co | |
| Interfamily Deed Transfer | -- | United General Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Executors Deed | $30,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,045,125 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $800,000 | Purchase Money Mortgage |
Source: OneKey® MLS
MLS Number: 942823
APN: 2118-0055
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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