7 E 129th St Unit TWHSE New York, NY 10035
East Harlem NeighborhoodEstimated payment $24,042/month
About This Home
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.
Listing Agent
Brown Harris Stevens Residential Sales LLC License #10401270107 Listed on: 10/06/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 5,200 Sq Ft Home
- 4-Story Property
- Decorative Fireplace
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry in unit
- Washer Hookup
Utilities
- No Cooling
Community Details
- 4 Units
- Central Harlem Subdivision
Listing and Financial Details
- Legal Lot and Block 0006 / 01754
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $3,850,000 | -- | $740 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20053005
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