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Key Details
Property Type Single Family
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Central Harlem
MLS Listing ID RLS20083320
Style Walk-Up
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1910
Annual Tax Amount $12,252
Property Sub-Type Single Family Residence
Property Description
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 good 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
- 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 - great 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.
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplaces Number 1
Fireplaces Type Decorative
Fireplace Yes
Appliance Washer Dryer Allowed
Laundry Building Other, Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 1754-0006
Ownership None
Monthly Total Fees $1, 021
Special Listing Condition Standard
Pets Allowed Building Yes, No
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716