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Three-Story SRO Apartment Building

344 W 121st Street, New York City, NY 10027

For Sale
$1,150,000

Seven active units are occupied, and the property cannot be delivered vacant.

Property Size3,600 SF
Price / SF$319.44
Days on Market78

Property Features for 344 W 121st Street

General Information

Standard status Active
Size 3,600 SF
Property subtype Multi Family
Zoning R7B
Occupancy 100%

Property Condition

Severity Repairs Needed
Evidence mechanical systems need work

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $4,756

Building Details

Building Size 3,600 SF
Year Built 1899
Buildings 1
Stories 3
Construction brownstone
Listing Agency: Compass
Listed By: Beth Renee Gittleman
Source: Dallien
Added: Aug 24 Changed: Nov 7 Last Checked: Nov 8 at 2:06PM

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

Rey
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Investment Insights

Based on property information with market context.

This three-story SRO townhouse contains approximately 3,600 SF and has 7 active units; HPD records list 10 units. Built in 1899, the building is described as structurally sound, though mechanical work is needed, including restoration of hot water. The property is fully occupied and cannot be delivered vacant. Acquisition is limited to all-cash purchasers.

At 344 W 121st Street in New York City, the building is zoned R7B. It has no DHCR registration and no Certificate of No Harassment on file. A CONH is required before major renovation or a change of use.

Key Highlights

  • Approximately 3,600 SF across three stories
  • 7 active units; 10 units per HPD records
  • R7B zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

9,585
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in New York City, NY

$869 Jul
$943 Aug
$1,028 Sep
$947 Oct

Properties on Market for Apartment buildings in New York City

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Seven active units are occupied, and the property cannot be delivered vacant.
Where is this apartment building located?
The property is located at 344 W 121st Street New York City, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 3,600 SF across three stories; 7 active units; 10 units per HPD records; R7B zoning
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