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Property Description

4 Family luxury Boutique Turnkey Investment Opportunity 8 Bedrooms 4 Bathrooms 5,200 Sq. ft. 4 Free-market Units! Investment Highlights: – Luxury turnkey free market rental multi-family in excellent condition: All four units are currently leased under market while generating a cap rate of 5%, with the potential for a 6.5% cap rate – Spacious 5,200 SF layout with high ceilings and spacious rooms – High end finishes: hardwood floors, stone counter tops, high end appliances, chefs kitchens, radiant-heated bathroom floors, In-unit W/Ds, mini-split HVACs – Rare 22.5 ft frontage – Large front and back garden for curb appeal and entertaining – Usable air rights allow vertical additions or reconfiguration of layouts into larger 3BR/live-work models – Strong upside for luxury corporate or short-term rentals with rent premiums of 30% – Low management costs – Separately metered utilities and modern systems reduce expenses, making operations investor-friendly – Prime Harlem Location – Across from Harlem Rose Garden, on a tree-lined block near 125th Street retail/dining hub, Whole Foods, Trader Joes, and major subway/Metro-North lines An exceptional boutique investment opportunity in the heart of Harlem, 7 East 129th street combines free market income with significant upside. Over 5200 square feet on a 22.5 x 59 frontage, offering curb appeal rarely seen in multi-unit assets. All four free market units are fully renovated featuring luxury finishes and thoughtful layouts. These units appeal to both long-term tenants and furnished rental operators. Investors will benefit from multiple income scenarios available. You can secure immediate yield from in-place leases while unlocking higher returns through repositioning, market-rate increase, or short term strategies. Property Set Up: – Garden Unit: Spacious contemporary 1BR with two-level private garden, radiant-heated bathroom floor, high-end finishes, prime for furnished corporate or short-term use – Parlor & Third Floor Units: Spacious floor-through 2BR apartments with 11 ceilings, south-facing light, exposed brick, decorative fireplaces, and chefs kitchens – Fourth Floor: Expansive 3BR full-floor with skylights and abundant natural light – Ideal for owner occupancy or premium rental repositioning Minutes to Midtown via nearby subway (2/3, 4/5/6) and Metro-North, with Whole Foods, Trader Joes, Target, and the cultural and dining hub of 125th Street just blocks away. The propertys location blends Harlems residential charm with commercial accessibility, making it a strategic foothold in one of New York Citys most dynamic markets to invest in. 7 East 129th Street represents a rare opportunity to acquire a free-market, luxury boutique multi-unit asset in Central Harlem. With a combination of steady income, value add potential, and boutique finishes, this property is an ideal acquisition for seasoned investors, owner-users seeking income offset, or developers looking to unlock additional value in one of New York Citys most dynamic neighborhoods.

Central HarlemNew York
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7 EAST 129TH STREET

Central Harlem, New York, 10035, United States

8 Bedrooms
4 Bathrooms
$3,850,000
Listing ID #2011169
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2011169
Ref ID : 222533
Price : $3,850,000
Bedrooms : 8
Bathrooms : 4
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