Active For Sale
7 E 129TH Street, New York City, NY 10035
7 E 129TH Street, New York City, NY 10035
  • $3,850,000

Description

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. 

  • Address 7 E 129TH Street
  • City New York City
  • Zip/Postal Code 10035
  • Area Central Harlem

Details

Updated on October 22, 2025 at 3:48 am
  • Property ID: RLS20053005
  • Price: $3,850,000
  • Bedrooms: 8
  • Rooms: 16
  • Bathrooms: 4
  • Year Built: 1910
  • Property Type: Triplex, Residential
  • Property Status: Active, For Sale

Additional details

  • County: New York
  • Property Type: Residential
  • Architectural Style: Walk-Up

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Video

What's Nearby?

TRIAL_EXPIRED: Your Trial has expired. Please upgrade to continue using the service. Visit https://www.yelp.com/developers/v3/manage_app or email at [email protected] to explore options.

Contact Information

View Listings
Filipacchi Foussard

Enquire About This Property

Similar Listings

Compare listings

Compare
Filipacchi Foussard
  • Filipacchi Foussard