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$1,800,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 541 W 159th St

General

  • Price: $1,800,000
  • Taxes: $5,872
  • Status: Active
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 942823
  • Updated: 12/10/2025
  • Added to Site: 39 day(s) ago

Interior

  • Interior Features: High Ceilings, High Speed Internet

Parking

  • Parking Features: On Street

Location

  • County: New York (Manhattan)

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Brick, Stone
  • Basement: Yes
  • Basement Desc.: Finished, Full Basement, Walk-Out Access
  • Building Size: 3480
  • Square Feet: 3,480
  • Year Built: 1905

Lot Features

  • Lot Size (Acres): 0.0352
  • Lot Size (Sq. Ft.): 1,532

Financial Considerations

  • Tax Amount: $5,872.28

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2118-0055

Listed by Realty Trends Corp

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Listing agents

— 541 W 159th St —

  • Realty Trends Corp

  • Realty Trends Corp

516-312-3223

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 541 W 159th St

School District:New York City Geographic School District 06
NameGradesDistance
Ps 4 Duke Ellington
500 West 160th Street, New York, NY 10032
K-50.1 mi
Ms 319 Marie Teresa
21 Jumel Place, New York, NY 10032
6-80.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 541 W 159th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/09/2025
Listed
$1,800,000
106.9%
MLS
3/28/2025
Sold
$870,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 541 W 159th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,217
6%
$30,954
6%
2024
$5,872
1%
$29,237
1%
2023
$5,814
5%
$28,949
-68%
2022
$5,552
2%
$90,120
11%
2021
$5,429
-1%
$81,000
-7%
2020
$5,460
7%
$87,360
2%
2019
$5,097
1%
$85,260
253%
2018
$5,046
9%
$24,124
6%
2017
$4,644
8%
$22,780
6%
2016
$4,297
2%
$21,496
—
2016
$4,203
9%
$21,496
6%
2014
$3,858
12%
$20,304
1%
2013
$3,456
—
$20,104
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 541 W 159th St

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Listed by Realty Trends Corp

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541 W 159th Street, New York, NY 10032 (MLS# 942823) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 541 W 159th Street is currently listed for $1,800,000 and was received on December 09, 2025. Want to learn more about 541 W 159th Street? Do you have questions about finding other Multi-Family real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.

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