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516 W 181st St

Washington Heights, New York, NY
Floors
6
Total Size
41,748 sqft
Lot Size
0 acres
Year Constructed
1917
Year Renovated
0
Number of Buildings
1

About 516 W 181st St

The former school building at 516 West 181st Street is perfect for non-profits, back office use or a new school venture. Tenants hoping to rent office space just one block away from subway train access and near New York’s George Washington Bridge will like what this property has to offer.

This office space in Upper Manhattan provides tenants with ready to move into offices in the heart of New York’s bustling Washington Heights’ community. 516 West 181st Street boasts high ceilings and a retail frontage of 75 feet. In total, the 6-story property offers 41,748 square feet of rentable space.

Located just one block from a New York subway station, 516 West 181st Street was constructed in 1917 and converted into an apartment building.

Since this was a former school building, the property boasts excellent window-lines on all floors. The ground floor was converted into retail space that currently features roll-up shutters for added security.

The imposing red brick and masonry facade of 516 West 181st Street still features an architectural design typical for New York’s Art Nouveau period and will provide tenants with an attractive business address in Washington Heights.

Internet Providers for 516 W 181st St

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
6 Mb/s
1.5 Mb/s

The Neighborhood: Washington Heights

On average, listings lease in the $60's per square foot per year. The Washington Heights submarket is going through a a boost in rates. In the last 3 months, the median rate rose $63 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the New York City market, the Washington Heights submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Washington Heights $63
/sqft/yr
5,700
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in Washington Heights