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129 W 122nd St 11 Unit Apartment Building For Sale New York, NY 10027
Executive Summary
• Location: Central Harlem – a sought-after area known for its rich culture, historic charm, and close proximity to major subway lines and amenities.
• Property Overview: 11-unit Single Room Occupancy (SRO) building with 10 vacant units and 1 occupied unit. The property spans approximately 4,582 square feet, offering significant potential for redevelopment or repositioning.
• Zoning & Potential: Zoned R7-2, presenting opportunities for various redevelopment possibilities, including rental units, condos, or community use.
• Condition: Delivered As-Is, providing a blank canvas for value-add investors to reimagine the space.
• Investment Highlights: Ideal for investors seeking a property with substantial upside in a vibrant, growing neighborhood.
• Asking Price: $1,595,000
All interested parties must submit Proof of Funds (POF) before a showing will be scheduled.
Email: lincolnpropertiesny@gmail.com
• Property Overview: 11-unit Single Room Occupancy (SRO) building with 10 vacant units and 1 occupied unit. The property spans approximately 4,582 square feet, offering significant potential for redevelopment or repositioning.
• Zoning & Potential: Zoned R7-2, presenting opportunities for various redevelopment possibilities, including rental units, condos, or community use.
• Condition: Delivered As-Is, providing a blank canvas for value-add investors to reimagine the space.
• Investment Highlights: Ideal for investors seeking a property with substantial upside in a vibrant, growing neighborhood.
• Asking Price: $1,595,000
All interested parties must submit Proof of Funds (POF) before a showing will be scheduled.
Email: lincolnpropertiesny@gmail.com
Property Facts
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 11 | Building Size | 6,412 SF |
| Property Type | Multifamily | Average Occupancy | 9% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1910 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 6,412 SF |
| Average Occupancy | 9% |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 1907-0018 | Improvements Assessment | $62,989 |
| Land Assessment | $23,893 | Total Assessment | $86,882 |
Property Taxes
Parcel Number
1907-0018
Land Assessment
$23,893
Improvements Assessment
$62,989
Total Assessment
$86,882
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129 W 122nd St
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