551 West 160TH Street #5B, New York City, NY 10032
Listing Courtesy of Corcoran Group
$499,999
Potential Rebate: $7,500
Overview
Price reduced, seller is motivated! Welcome to your Dream Home: this newly renovated, approximately 858 SF legal 3-bedroom, currently configured as a 2-bedroom, with triple exposure S/E/N for under $500k. Available fully furnished or vacant, this is a true Uptown Oasis in the sky! Bright and beautiful with windows throughout every room. Exposed brick and beams add to this apartment's charm and flair. The living and entertaining space offers a large, sunlit room with southern exposure and room to entertain. A formal dining area can easily seat 8-10 guests. The gut-renovated chef's open kitchen with a dishwasher, large eastern-exposure window, new cabinetry and shelves, and new countertop for ample prep space is a chef's dream. Ceilings and floors have been redone throughout the apartment. On top of it all, there is also a new washer/dryer combo. The spacious primary bedroom was enlarged from 2 smaller bedrooms and is really luxury with 2 eastern facing windows. The 2nd bedroom serves as a multifunction room, guest room, home office and laundry room. The apartment is large enough and the floor plan flexible enough that this could be a comfortable two-bedroom, three-bedroom, or even four-bedroom home with board approval. <br> The apartment is located in the heart of Washington Heights. It is situated near all public transportation, including the A, C, and 1 trains, quick access to the Henry Hudson Parkway, FDR and I-95. Located right off Broadway, it is near shopping, restaurants, and cafes. HDFC rules do apply for this building. Financing is allowed.
Home Features
- •In Unit
- •Private Outdoor Space Under 60 Sqft
- •City
Estimated Monthly Payment
$3,035 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,500
Monthly savings impact
$21/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
474 West 158th Street #42, New York City, NY 10032
Listing Courtesy of Bizzarro Agency LLC
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20016172
Price Analysis
Compare average listing prices and value metrics for 551 West 160TH Street against the surrounding Washington Heights market.
Average List Price
Price Per SqFt
27.92% Higher
than the Washington Heights price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Washington Heights.
Washington Heights
Overview of Washington Heights
Washington Heights is a vibrant, hilly neighborhood at the top of Manhattan island. Known for its strong Dominican heritage, pre-war architecture, and stunning river views, it is a neighborhood of energy and community. For buyers seeking Washington Heights Manhattan real estate, it offers some of the most spacious and affordable apartments in the borough.
Living in Washington Heights feels distinct. The geography is dramatic, with high ridges and step streets. As a culturally rich Manhattan NYC neighborhood, it is famous for its music, food, and the sprawling Fort Tryon Park.
Real Estate & Housing Market
The market for homes for sale in Washington Heights is a haven for value. You can find massive Art Deco co-ops with Hudson River views for a fraction of the price of the Upper West Side.
It has become increasingly popular with artists, young families, and professionals who are priced out of downtown but unwilling to leave Manhattan. The "Hudson Heights" enclave within the neighborhood is particularly sought after for its quiet, village-like feel.
Lifestyle & Community
The lifestyle in Washington Heights is loud and joyous. The streets are filled with music and conversation. Broadway is a bustling commercial spine.
Community ties are deep. It is a neighborhood where people sit on stoops and know their local shopkeepers. The Cloisters museum adds a touch of medieval tranquility to the northern tip.
Transportation & Accessibility
Washington Heights is served by the A, C, and 1 trains. The A train express is legendary—it can get you from 168th Street to 59th Street in about 20 minutes.
It is further north, but the trade-off is often more space and better views. Access to the George Washington Bridge makes leaving the city for Jersey or upstate very easy.
Parks, Schools & Amenities
Fort Tryon Park is one of the most beautiful parks in the city, featuring the Heather Garden and sweeping views of the Palisades. Highbridge Park offers trails and the city's oldest standing bridge.
Amenities are local and affordable. While it lacks some big-box retail, it makes up for it with incredible independent grocers and restaurants.
Who This Neighborhood Is Best For
Washington Heights is best for buyers seeking value, space, and community. It is ideal for those who love parks and don't mind a slightly longer commute for a much bigger apartment.
