$ 4,200,000
Building For Sale
Property Type
Active
Status
5,598/520
ASF/ASM
$ 15,962
Real Estate Taxes
[Per Annum]
Building Details
Multi-Family
Ownership
Attached House
Building Type
None
Service Level
Walk-up
Access
1720/62
Block/Lot
22'x60'
Building Size
22'x100'
Lot Size
R7-2
Zoning
1899
Year Built
3/2
Floors/Apts
Description
Fully Renovated 8-Unit Free-Market Multifamily in Prime Central Harlem
10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.
The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.
The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.
Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.
This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.
Highlights:
8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail
10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.
The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.
The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.
Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.
This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.
Highlights:
8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail
Fully Renovated 8-Unit Free-Market Multifamily in Prime Central Harlem
10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.
The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.
The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.
Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.
This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.
Highlights:
8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail
10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.
The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.
The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.
Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.
This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.
Highlights:
8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail
Listing Courtesy of NYC Property Expo
Features
A/C [Through the Wall]
Patio
Private Storage
Roof Deck
View / Exposure
City Views
Contact
Charles Mazalatis
License
Licensed As: Charles Mazalatis
President & Licensed Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 101928TH
