$3,000,000
Updated 9 years ago
Sold

127 West 122nd Street

Harlem, Manhattan | Lenox Ave & Adam Clayton Powell Blvd

12 Rooms5 Beds3 Baths2,925 Square FeetMulti-Family

$3,000,000
floors / apts3 / 2
Lot Size19'x100'
Built Size19'x50'
ZoneR7-2
Building TypeTownhouse
RE Taxes$4,380
Price Per SF
$1,026

This property was sold for $3,000,000 on 04/29/16.

Listing Features

  • Original Details

Outdoor space and views

  • Frontyard [19'x50']

Building Amenities

  • Voice Intercom
  • Stoop Entry

Property Description for 127 West 122nd Street

Welcome to 127 West 122nd - this 19 foot townhouse is a special gem in a fantastic Central Harlem location. Ideally located below 125th, this building is in close proximity to the new Whole Foods at 125th, the Lenox commercial corridor, and public transit at 125th. The home features exquisite original detail that has been preserved over time. It is an excellent opportunity in Central Harlem and looks and feels special.

The building is currently configured as a two family. Two free market tenants currently occupy the space. The upper unit is occupied by a commercial tenant who uses the space M-F during business hours. The business is a well known Arts consultant who works with local museums and non-profits to help streamline outreach and infrastructure. The upper tenant is currently paying $7200 per month and lease exp 12/31/17). The tenants are ideal - they only occupy the space during business hours and no weekends. The Garden level apartment is a floor-thru one bedroom with a month-to-month tenant. They are open to staying and currently pay $1750 per month. The basement is currently being used as storage.

The building is 19' x 50' sitting on a 100' foot lot and features 6508 of development rights (propertyshark and must be independently verified). The location is a excellent opportunity for any buyer looking for investment with long term goals of owning and operating in one of the fastest growing neighborhoods in Harlem.

Please note that showings are restricted to early mornings and weekends.

Listing History for 127 West 122nd Street

Now
04/29/2016
$3,000,000
Sold and Closed by Jeffrey Berger
Isen & Company Real Estate Advisors
02/01/2016
Contract Signed by Jeffrey Berger
Isen & Company Real Estate Advisors

Building Details for 127 West 122nd Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.16 miles
116 St
0.32 miles
116 St
0.37 miles
125 St
0.39 miles

Railroad

Harlem-125 StMetro-North Railroad
0.47 miles

Citi Bike

Adam Clayton Powell Blvd & W 123 St
0.11 miles
Lenox Ave & W 126 St
0.2 miles

Contact Agent

Contact Agent

Licensed As
Jeffrey Berger
Broker
License#:
10491202178
Company:
Isen & Company Real Estate Advisors
Jeffrey Berger
Isen & Company Real Estate Advisors

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

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.
OLR ID: 62259TH