$1,950,000
Updated 2 years ago
Off Market

56 East 127th Street

East Harlem, Manhattan | Madison Ave & Park Ave

14 Rooms4 Beds4 Baths3,400 Square FeetMulti-Family

$1,950,000
floors / apts4 / 4
Lot Size17'x76'
Built Size17'x50'
ZoneR7-2
Building TypeTownhouse
RE Taxes$6,708
Price Per SF
$574

Listing Features

  • Gas Heat

Outdoor space and views

  • Frontyard [17'x11']
  • Garden
  • Patio [16'x13']

Building Amenities

  • Voice Intercom
  • Laundry Room

Property Description for 56 East 127th Street

**Presenting 56 East 127 Street to the Market!** Discover this extraordinary Neo-Greco 4-family townhome nestled in the vibrant heart of central Harlem. Representing an excellent investment opportunity, this fully-tenanted property boasts remarkable stability. Renovated to perfection in 1999, the home holds a Certificate of Occupancy from 2006, showcasing modern electrical systems, a gas-fired boiler, gas-fired hot water heater, and a sturdy steel beam staircase. With an expansive 17ft x 50ft footprint, the townhome spans four above-grade floors. It comprises four luminous and spacious 1BR/1BA units, one of which is a duplex featuring a private garden/yard oasis. Benefiting from its strategic location, the property offers convenient access to multiple subway lines, Metro-North, a variety of local shops, including the newly established Whole Foods Market, delightful restaurants, and world-class entertainment venues. Additionally, its proximity to Columbia University's expanded campus, featuring the state-of-the-art auditorium and performance space known as The Forum, adds to the allure. Not to be overlooked is the dynamic and ever-evolving 125th Street shopping corridor. For more comprehensive details, an Offering Memorandum is available upon request. Seize the opportunity to explore this unique and lucrative investment in the heart of Harlem!

Listing History for 56 East 127th Street

Now
07/26/2024
POM by Nicholas Colombos
Compass
06/24/2024
$1,950,000 [-$100,000] [4.9%]
Price Drop by Nicholas Colombos
Compass

Building Details for 56 East 127th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.21 miles
125 St
0.32 miles

Railroad

Harlem-125 StMetro-North Railroad
0.11 miles

Citi Bike

E 128 St & Madison Ave
0.06 miles
5 Ave & W 126 St
0.13 miles

Contact Agents

Contact Agents

Licensed As
Nicholas Colombos
Salesperson
License#:
40CO0832604
Company:
Compass

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

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: 23946TH