A rare investment opportunity in the heart of Upper Manhattan — this fully detached four-family home sits on a wide, tree-lined street and offers 4,370 sq ft of unused FAR, making it ideal for condominium development under R7-2 zoning. Located near a prestigious Columbia-affiliated university and a renowned hospital, the property is perfectly positioned to attract steady rental income from students and professionals alike. With the A, C, and 1 subway lines just steps away, Midtown Manhattan is only 25 minutes away. The neighboring property recently added two floors, maximizing its development potential — now it's your turn to unlock the value of this underutilized gem.
LOT 25 x 95
Building 21 x 45
DETACHED
RENT PER MONTH
Ground FL $2000 2bed 1bath
1st FL $3100 3bed 2bath
2nd FL $2800 3bed 2bath
3rd FL $2800 3bed 1bath
=$10,700 x 12 months
=$128,400
ANNUAL EXPENSES
$3200 Insurance
$3000 Water
$6500 Gas & Heat
$6485 Taxes
=$19,185
Residential FAR 3.44
Facility FAR 6.5
FAR as built 1.60
Allowed usable floor area 8,170
Usable floor area as built 3,800
Unused FAR 4,370
Active
$1,986,000
503 W 168th St #4, New York, NY 10032
11beds
3,800sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$523/sqft
$-- HOA
What's special
Wide tree-lined street
- 1 day
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