Historic Multifamily Brownstone
For Sale
Contact for pricing
Pending
119 W 122nd St, New York, NY 10027
Vacant four-floor townhouse with preserved period details and a dry cellar.
Property Size5,158 SF
Days on Market209
Property Features for 119 W 122nd St
General Information
Standard status
Pending
Size
5,158 SF
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
renovate an historic townhome
Additional Details
Public Transit
Yes
Building Details
Year Built
1910
Buildings
1
Stories
4
Construction
brownstone
Listing Agency:
Harlem Lofts
Listed By:
Robert D. Pair · License #NY 31PA1003506
(212) 280-8866
Source:
Crexi
Added: Mar 25
Changed: Oct 7
Last Checked: Oct 7 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harlem Lofts
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Investment Insights
Based on property information with market context.
This 1910 Neo-Grec brownstone townhouse is arranged across four floors and includes a dry cellar with additional head height. The property measures 20 feet wide by 50 feet deep, with 4,126 square feet above grade and 1,032 square feet in the cellar, totaling 5,158 square feet. Original character remains throughout, including a central staircase, wainscoting, parquet flooring, period doors and window surrounds, four fireplaces, tall ceilings, and substantial windows.
The vacant SRO will be delivered with a Certificate of Non-Harassment and a New York State Historic Homeownership Rehabilitation Tax Credit. The residence stands adjacent to the Mount Morris Park Historic District and near Mount Morris Park, Morningside Park, and Central Park. Shopping and dining are available along 125th Street and Harlem’s Restaurant Row, with access to the 2/3 and B/C subway lines and M2, M7, and M101 bus routes.
The vacant SRO will be delivered with a Certificate of Non-Harassment and a New York State Historic Homeownership Rehabilitation Tax Credit. The residence stands adjacent to the Mount Morris Park Historic District and near Mount Morris Park, Morningside Park, and Central Park. Shopping and dining are available along 125th Street and Harlem’s Restaurant Row, with access to the 2/3 and B/C subway lines and M2, M7, and M101 bus routes.
Key Highlights
- 5,158 square feet total, including 4,126 square feet across four floors and a 1,032‑square‑foot dry cellar
- 20‑foot‑wide by 50‑foot‑deep Neo‑Grec brownstone townhouse
- Built in 1910 with four original fireplaces and preserved wainscoting, parquet, doors, and window surrounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,380
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,227,600
$3.2M
Cap Rate 7%
$2,305,429
$2.3M
Cap Rate 9%
$1,793,111
$1.8M
Market Conditions
NOI Build-Up for 5,158 SF
Gross rent
$308.9K $59.88/SF
− Vacancy
−$15.4K −$2.99/SF
EGI
$293.4K $56.89/SF
− OpEx
−$132.0K −$25.60/SF
NOI
$161.4K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,227,600
Cap Rate 7%
$2,305,429
Cap Rate 9%
$1,793,111
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,380 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.84M
$11.23M – $14.98M
NOI $898,730 @ 7.0% cap · market cap 42.29%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
9,401
Businesses Nearby
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Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant four-floor townhouse with preserved period details and a dry cellar.
Where is this multifamily property located?
The property is located at 119 W 122nd St New York, NY.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: 5,158 square feet total, including 4,126 square feet across four floors and a 1,032‑square‑foot dry cellar; 20‑foot‑wide by 50‑foot‑deep Neo‑Grec brownstone townhouse; Built in 1910 with four original fireplaces and preserved wainscoting, parquet, doors, and window surrounds
