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$3,227,512
List Price: $3,285,000
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114 West 124th Street
Townhouse in South Harlem •  building info
8bd • 4ba • 4,000ft² $821 per ft²
Buy with Yoreevo

$3,227,512

List Price

$3,285,000

Key Details
Day on market
1
Last price change
loading...
Estimated payment
$18,820/mo
Taxes
$616/mo
Maintenance
N/A
Description
  Turnkey Boutique Four-Unit Luxury Investment 8 Bedrooms 4 Bathrooms 4,000+ SF Free-Market Rents Presenting 114 West 124th Street, a 19-foot-wide, south-facing townhouse located in prime Harlem, within a Qualified Opportunity Zone and configured with free-market tenancy. Fully renovated from the inside out, this turnkey asset offers flexibility for an end user or investor seeking both income and long-term upside. The building is configured with four full-floor, two-bedroom residences. The garden and parlor-level apartments provide direct access backyard and patio, offering exceptional indoor-outdoor living. There are also unused air rights, creating future expansion potential and additional value. A rare opportunity to acquire a fully stabilized, income-producing townhouse in one of Manhattan's most culturally rich and investor-favored neighborhoods. Investment Overview Stabilized Luxury Asset: Well maintained, free-market multifamily townhouse featuring four fully leased residences. The property currently operates at an approximate 4.5 Cap Rate, with a clear path to enhanced returns approaching 6.5 Cap Rate through optimization strategies. Generous Building Scale: Offering over 4,000 square feet of thoughtfully designed living space, highlighted by lofty ceiling heights and well-proportioned layouts across every level. Premium Interior Buildout: Residences showcase refined materials and modern systems, including hardwood flooring, exposed brick elements, contemporary HVAC climate control, chef-caliber kitchens with high-end appliances, and in-unit laundry in every apartment. Wide Townhouse Presence: Approximately 19 feet of street frontage, providing a rare and attractive brownstone profile. Private Outdoor Amenity: A sizable rear garden creates a tranquil setting for private use or entertaining - an increasingly valuable feature in the rental market. Future Expansion Potential: Significant unused development rights offer flexibility for vertical expansion or unit reconfiguration, including potential conversion to larger three-bedroom layouts or live/work concepts. Efficient Operations: Individually metered utilities and modern infrastructure contribute to low operating and management expenses, enhancing net returns. Exceptional Harlem Location: situated at the end of the block of Whole Foods and the 2/3 express subway, with the Apollo Theater two blocks away. Surrounded by Lenox Avenue's dining and cultural corridor, tree-lined brownstone streets, Marcus Garvey Park, and close proximity to Central Park, this location combines daily convenience with long-term demand drivers.   Unit Configuration: Garden Level: 1,000 SF + 420 SF private garden Parlor Level: 1,000 SF + two private outdoor spaces totaling 650 SF (balcony & patio) Second Floor: 1,000 SF Third Floor: 1,000 SF   Building Specifications Year Built: 1910 Zoning: C4-4 Lot Size: 1,892 SF Lot Dimensions: 100.92' x 18.75' Building Footprint: 18.75' frontage x 46.00' depth Max Zoning Floor Area: 6,508 SF Existing Built Area: 2,664 SF Remaining Development Potential: Approx. 3,844 SF Compliance Status: Free of any open DOB or municipal violations All showings are by appointment only, please contact us to schedule a viewing 48hrs in advance. All units are occupied

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Important Stuff
Washer/Dryer in unit
Home features
Private outdoor space

Balcony

Building amenities
Shared outdoor space
Patio
Building info

History
What it'll cost
Purchase price
$3,285,000
Asking Price: $3,285,000
Term
30 Years
Down Payment
$328,000 (10%)
Min: 10% (328,000)
Rate
6.25 %
Mortgage Amount
$2,956,500
Mortgage Payment
$18,204
Taxes
$616
Estimated Yoreevo rebate
$57,488
Estimated closing cost
$127,000
Total monthly cost $18,820
Buy your dream home with us and get an estimated $57,488 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Serhant

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