Updated 9 months ago
Off Market
10 West 122nd Street
Mt. Morris Park, Manhattan | Mount Morris Park West & Lenox Ave
5,598 Square FeetIncome Property
$4,200,000
floors / apts3 / 8
Lot Size19'x100'
Built Size19'x61'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$15,962
Price Per SF
$750
Listing Features
- Architectural Dtls
- New Windows
- Electric Heat
- Through The Wall
Outdoor space and views
- Patio
- City Views
Building Amenities
- Video Intercom
- Laundry Room
- Roof Deck
- Storage
Property Description for 10 West 122nd Street
Fully Renovated 8-Unit Free-Market Multifamily in Prime Central Harlem
10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.
The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.
The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.
Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.
This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.
Highlights:
8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail
10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.
The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.
The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.
Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.
This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.
Highlights:
8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail
Listing History for 10 West 122nd Street
Now
07/22/2025
$4,200,000
Initial Price by Lindsey Bernstein
NYC Property Expo
Launch
Building Details for 10 West 122nd Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/8
Transit and Citi Bike
Subway
125 St
0.17 miles
116 St
0.29 miles
125 St
0.45 miles
116 St
0.46 miles
Railroad
Harlem-125 StMetro-North Railroad
0.36 miles
Citi Bike
Mt Morris Park W & W 120 St
0.09 miles
Lenox Ave & W 126 St
0.22 miles
Mt. Morris Park | Manhattan
Quick Profile
Central Harlem is an enclave filled with cultural landmarks, gilded age brownstones and a vibe you don’t find in many neighborhoods these days. Mount Morris Park Historic District, located in west central Harlem, is a vibrant neighborhood with tree-lined streets and gorgeous brownstones. The large 16-block section is the byproduct of Harlem’s first building boom and should not be confused with Mount Morris Park, which is a 20-acre park that was renamed Marcus Garvey Memorial Park in 1977. What can we say? Sometimes gentrification complicates things.
The boundaries of Mount Morris Park Historic District are West 118th and West 124th Streets, Fifth Avenue, and Adam Clayton Powell Jr. Boulevard. The neighborhood was designated a historic district by the New York City Landmarks Preservation Commission in 1971. Architectural buffs will be enamoured by the neighborhood's handsome architecture that includes late 19th- and early 20th century row houses designed in the Romanesque Revival, neo-Grec and Queen Anne style.
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: 101928TH
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