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173 East 120th Street

$5,500,000 ($611 per ft2) | 7 beds, 4.5 baths | Approx. 9,000 ft2
Building Profile  | 
144 days on Market

Key Details

  • Listed: Jun 13, 2024
    Last Price Change: ($500,000) on Oct 3
    Days on Market: 144
    Building Type: Rental
    Neighborhood: East Harlem (Manhattan)
Monthly Real Estate Taxes: $1,677
Total Taxes & Fees: $1,677 ($0.19/ft2)
Est. Monthly Mortgage: $29,155
Total Est. Monthly Carrying Cost: $30,832 ($3.43/ft2)
Note: the above is based on a down payment of 20% ($1,100,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious and Versatile Property: This large, approximately 9,000 ft2 property offers a unique mix of residential and commercial space. It features 7 bedrooms, 4.5 bathrooms, a TV/video production studio, a 4BR apartment, and an owner-occupied duplex, providing ample living and working space.
  • High-Quality Renovations: The property has been meticulously gut renovated, with all mechanical, electrical, plumbing, and HVAC systems replaced. It also features a commercial-grade elevator serving all floors, ensuring easy access throughout the building.
  • Private and Convenient Amenities: The property includes a private garage with a curb cut for easy access. The owner-occupied duplex boasts a chef’s kitchen, a wood-burning fireplace, and two terraces, offering a luxurious living experience.
  • Prime Location: Overlooking Harlem Art Park, the property offers beautiful views and easy access to local amenities. It is ideally situated at the border of both Central and East Harlem, providing easy access to everything these vibrant communities have to offer.
  • Flexible Ownership Opportunities: The property offers a new owner full owner-occupancy or a live/work-plus-income scenario. This flexibility, combined with the no fee rental, makes it an attractive investment.
  • Historical Charm: This pre-war building, built in 1910, adds a touch of historical charm to the property. Its unique features and history add to its appeal and character.

Description

173 East 120th Street is a one-of-a-kind, 25’ wide, 4-story, elevatored, mixed-use property with a curb cut and a private garage.

The long time owner meticulously gut renovated the property replacing all mechanical, electrical, plumbing and HVAC systems, and installing a commercial-grade elevator serving all floors.

The property is comprised of a TV/video production studio on the ground floor and basement, a 4BR, 2 bath, floor-through apartment on the 2nd floor and an owner-occupied 2BR, 2 1/2 bath duplex with a chef’s kitchen, wood-burning fireplace and two terraces.

Overlooking Harlem Art Park, 173 East 120th Street is ideally situated at the border of both Central and East Harlem providing easy access to everything these vibrant communities possess.

173 East 120th Street offers a new owner full owner-occupancy or a live/work-plus-income scenario.

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 173 East 120th Street

Building Amenities

  • Pre War

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Subways

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at Lexington Ave 0.22 miles