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12-Unit Renovated Apartment Portfolio
For Sale
Contact for pricing
Pending

255 W 121st St, New York, NY 10027

Two recently renovated residential buildings offer a fully occupied apartment portfolio with varied studio and multi-bedroom layouts.

Property Size6,600 SF
Days on Market146

Property Features for 255 W 121st St

General Information

Standard status Pending
Size 6,600 SF
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 8 x studio, 3 x 2BR, 1 x 3BR
Multifamily Units 12

Additional Details

Public Transit Yes

Building Details

Buildings 2
Listing Agency: Newmark - New York Headquarters
Listed By: Harry James · License #NY 10401354285
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 11:51PM

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 Newmark - New York Headquarters

Investment Insights

Based on property information with market context.

This offering comprises two apartment buildings totaling approximately 6,600 SF and 12 free-market residential units. The unit mix includes 8 studios, 3 two-bedroom apartments, and 1 three-bedroom apartment. Both properties have undergone recent gut renovations, and the portfolio is reported to have no deferred maintenance. Occupancy is 100%.

The buildings are located in Central Harlem between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard, at 255 West 121st Street and 269 West 134th Street. The properties are approximately 0.1 miles from Columbia University's main campus and 0.5 miles from City College of New York. Subway access is available near the 125th Street and 135th Street stations, with Midtown Manhattan reachable by a subway ride of approximately 20 minutes.

Key Highlights

  • Two apartment buildings totaling ~6,600 SF
  • 12 free‑market residential units with 8 studios, 3 two‑bedroom, and 1 three‑bedroom apartment
  • 100% occupied

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

9,961
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two recently renovated residential buildings offer a fully occupied apartment portfolio with varied studio and multi-bedroom layouts.
Where is this apartment building located?
The property is located at 255 W 121st St New York, NY.
What are key features of this property?
This property features: Two apartment buildings totaling ~6,600 SF; 12 free‑market residential units with 8 studios, 3 two‑bedroom, and 1 three‑bedroom apartment; 100% occupied
More about this property
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