Central Harlem, Manhattan, NY 10035
Property Type
Multi Family
Views
Other
Central AC
No
Pets Allowed
Building Yes, No
Year Built
1910
Home Style
Walk-Up
RARE 23 Wide - 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 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.
4
4
8
Manhattan
RLS20083320
Central Harlem
Multi Family
Other
1910
Green Building
Green Building
Building Other, Washer Hookup, In Unit
Walk-Up
4
3
1910
Building Yes, No
Central Harlem
Manhattan
Other
Washer Dryer Allowed
Other
Yes - Other
Yes - 1
Yes
High Ceilings, Smoke Free
16
Total$19,385.19/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
RLSat REBNYThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
Last Updated: May 3, 2026 at 2:01 PM
RLS Data displayed by Brown Harris Stevens