505 W 183rd St, New York, NY, 10033
About This Home
Great News for Investors! Take advantage of this exceptional opportunity to own a well-priced income-producing property in Washington Heights. 505 West 183rd Street is a 30-unit, 6-story walk-up apartment building offering approximately 21,744 square feet of interior space on a 6,368-square-foot lot. The property is being offered at $1.8 million. Also available is 509 West 183rd Street, a neighboring building of similar size and configuration, also offered at $1.8 million. This presents a rare opportunity for investors to acquire both properties as a package and significantly expand their portfolio in one of Manhattan's most established residential neighborhoods. The buildings are conveniently located near Highbridge Park, just off the Washington Bridge, and within close proximity to the 181st Street Station, providing excellent transportation access throughout the city. Opportunities to acquire two neighboring multifamily assets at this price point are increasingly rare.
Getting Around
Very Walkable
Rider's Paradise
Very BikeableSchools
Construction
Condition
- Year built: 1913
Type & Style
- Home type: SingleFamily
- Property subType: Rental Unit
Interior
Bedrooms & Bathrooms
- Bedrooms: 60
- Bathrooms: 30
- Full bathrooms: 30
Interior Area
- Total structure area: 21,744
- Total interior livable area: 21,744 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,101 | $109,212 |
| Home Insurance * | $265 | $3,180 |
| Property Taxes | $1,065 | $12,780 |
| Electricity | $3,593 | $43,120 |
| Total | $14,024 | $168,288 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Price change | $1,800,000 |
| 2026-06-25 | Listed for sale | $2,300,000 |
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