Permits filed for mixed-use building – 4650 Broadway, Washington Heights, Manhattan

Permits have been filed for a 20-story mixed-use building at 4650 Broadway in Washington Heights, Manhattan. The property is located at the intersection of Sherman Avenue and Broadway directly across from Fort Tryon Park.

The site has a historical pedigree as it served as a showroom and service center for the Packard Motor Car Company beginning in the late 1920s.  The renowned architect Albert Kahn designed the building as well as other Packard showrooms in Manhattan.  The structure was most recently used as a parking garage.

The proposed 260-foot-tall building will total 258,443 square feet and incorporate residential, community and retail space.  The residential component will consist of 162,897 square feet and include 222 apartments. Based on these numbers, the average yield of a residential unit will be about 734 square feet.  Additionally, the building will include 78,170 square feet of community facility space and 17,376 square feet of retail usage.  The plans call for 111 enclosed parking spaces.  Unfortunately, none of the vehicles will be Packards.

Plans for the development were filed by Handel Architects and show Joseph Caruso of Aqozfi Inwood LLC as the owner behind the applications.  Caruso is the managing director of the Arden Group

While there hasn’t been much activity at 4650 Broadway in recent years, there has been a ton of speculation and planning regarding the potential development of the site.  In 2005 the site was sold for $18.25 million.  Since then, it has changed hands multiple times, including the most recent sale in November 2019 for $54 million to the Arden Group.

The location is serviced by the A and 1 subway lines at the Dyckman Street station.

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