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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 Facts

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 - -
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
1907-0018
Land Assessment
$23,893
Improvements Assessment
$62,989
Total Assessment
$86,882
  • Listing ID: 39323446

  • Date on Market: 2/4/2026

  • Last Updated:

  • Address: 129 W 122nd St, New York, NY 10027

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