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$3,782,625
List Price: $3,850,000
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7 East 129th Street #TWHSE
Townhouse in Central Harlem •  building info
8bd • 4ba • 5,200ft² $740 per ft²
Buy with Yoreevo

$3,782,625

List Price

$3,850,000

Key Details
Days on market
71
Last price change
loading...
Estimated payment
$22,360/mo
Taxes
$1,025/mo
Maintenance
N/A
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, chef's kitchens, radiant-heated bathroom floors, In-unit W/D's, mini-split HVAC's  - 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 Joe's, 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 chef's 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 Joe's, Target, and the cultural and dining hub of 125th Street just blocks away. The property's location blends Harlem's residential charm with commercial accessibility, making it a strategic foothold in one of New York City's 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 City's most dynamic neighborhoods.

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Important Stuff
Washer/Dryer in unit
Home features
Fireplace
Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$3,850,000
Asking Price: $3,850,000
Term
30 Years
Down Payment
$385,000 (10%)
Min: 10% (385,000)
Rate
6.25 %
Mortgage Amount
$3,465,000
Mortgage Payment
$21,335
Taxes
$1,025
Estimated Yoreevo rebate
$67,375
Estimated closing cost
$147,000
Total monthly cost $22,360
Buy your dream home with us and get an estimated $67,375 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Brown Harris Stevens

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