Legal Two-Family
127 West 122nd Street Manhattan, NY 10027
127 West 122nd Street, Manhattan, NY, 10027
$3,500,000
For Sale
$3,500,000
Updated four-story two-family townhouse with a one-bedroom garden apartment and renovated interiors throughout.
Property Size4,504 SF
Price / SF$777.09
Days on Market149
Property Features for 127 West 122nd Street
General Information
- Standard status
- Active
- Size
- 4,504 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
Compass
(917) 635-9301
Listed by
Shimaa Anwar · License #10401351011
(917) 635-9301
Source
Compass
Added: Feb 23 Updated: Jul 22 at 2:18AM Checked: Jul 22 at 2:18AM
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 Compass
Investment Insights
Based on property information with market context.
ALL THE WORK IS DONE: this updated, four-story legal two-family townhouse is currently used as a single-family home, with a one-bedroom garden apartment at the garden level. The residence offers six bedrooms plus a versatile bonus room, three bathrooms, and additional flexible space including two bonus rooms that are currently used as a home office and a gym. Features include decorative fireplaces on the third and fourth floors, large windows for natural light, and a renovated chef’s kitchen with stainless steel Viking and Bosch appliances. The garden apartment includes a spacious living room with a fireplace, a full kitchen, an updated bathroom, and direct access to the backyard.
The property is located in the Mt. Morris Park Historic District, close to transportation and neighborhood amenities. It is about a block and a half from Marcus Garvey Park and within walking distance of both Columbia University and City College, with additional proximity to Central Park and Fifth Avenue’s Museum Mile. Grocery and retail options mentioned include Whole Foods, Trader Joe’s, and Target.
Extensive improvements are noted throughout, including a new roof, newly renovated bathrooms and kitchen, new boiler, new hot water tanks, a sump pump, a compressor, two A/C rooftop units, garden and storm drains, fireproofed cellar, and security storm door access to a deck with backyard access.
The property is located in the Mt. Morris Park Historic District, close to transportation and neighborhood amenities. It is about a block and a half from Marcus Garvey Park and within walking distance of both Columbia University and City College, with additional proximity to Central Park and Fifth Avenue’s Museum Mile. Grocery and retail options mentioned include Whole Foods, Trader Joe’s, and Target.
Extensive improvements are noted throughout, including a new roof, newly renovated bathrooms and kitchen, new boiler, new hot water tanks, a sump pump, a compressor, two A/C rooftop units, garden and storm drains, fireproofed cellar, and security storm door access to a deck with backyard access.
Key Highlights
- 4‑story, legal 2‑family townhouse built in 1910 with approx. 5,401 SF total usable space
- Includes a 1‑bedroom garden apartment with full kitchen, recently updated bathroom with deep‑soaking tub, and direct backyard access
- Renovated interiors with 6 bedrooms, 3 bathrooms, and a renovated chef’s kitchen with stainless steel Viking and Bosch appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.7k | $51.00 |
| − Vacancy | −$11.9k | −$2.65 |
| EGI | $217.8k | $48.35 |
| − OpEx | −$65.3k | −$14.50 |
| NOI | $152.4k | $33.84 |
4,504 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.18M
$1.91M – $2.54M
NOI $152,432 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,918 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$11.21M
$9.81M – $13.08M
NOI $784,777 @ 7.0% cap · market cap 22.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated four-story two-family townhouse with a one-bedroom garden apartment and renovated interiors throughout.
Where is this duplex located?
The property is located at 127 West 122nd Street Manhattan, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 4‑story, legal 2‑family townhouse built in 1910 with approx. 5,401 SF total usable space; Includes a 1‑bedroom garden apartment with full kitchen, recently updated bathroom with deep‑soaking tub, and direct backyard access; Renovated interiors with 6 bedrooms, 3 bathrooms, and a renovated chef’s kitchen with stainless steel Viking and Bosch appliances
