Apartment with terrace New York (United States)by annonceur international

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Apartment with terraceNew York (United States)
Price :
$3,285,000
($8,840 / m²)
Surface372 m²bedrooms8 bathrooms4

Name: New York Luxury Apartment / Penthouse for Sale | $3,285,000 | 372 m²
Creator: Le Figaro Properties

Why this property will seduce you

Prime Harlem Location: Near express subway, Whole Foods, and cultural avenues.
Rare Brownstone Facade: 19-foot width, offering an attractive street presence.
Significant Expansion Potential: Unused air rights provide future growth opportunities.

Turnkey Boutique Four-Unit Luxury Investment 8 Bedrooms 4 Bathrooms 4,000+ SF Free-Market Rents Presenting 114 West 124th Street, a 19-foot-wide, south-facing townhouse located in prime Harlem, within a Qualified Opportunity Zone and configured with free-market tenancy. Fully renovated from the inside out, this turnkey asset offers flexibility for an end user or investor seeking both income and long-term upside. The building is configured with four full-floor, two-bedroom residences. The garden and parlor-level apartments provide direct access backyard and patio, offering exceptional indoor-outdoor living. There are also unused air rights, creating future expansion potential and additional value. A rare opportunity to acquire a fully stabilized, income-producing townhouse in one of Manhattan's most culturally rich and investor-favored neighborhoods. Investment Overview Stabilized Luxury Asset: Well maintained, free-market multifamily townhouse featuring four fully leased residences. The property currently operates at an approximate 4.5 Cap Rate, with a clear path to enhanced returns approaching 6.5 Cap Rate through optimization strategies. Generous Building Scale: Offering over 4,000 square feet of thoughtfully designed living space, highlighted by lofty ceiling heights and well-proportioned layouts across every level. Premium Interior Buildout: Residences showcase refined materials and modern systems, including hardwood flooring, exposed brick elements, contemporary HVAC climate control, chef-caliber kitchens with high-end appliances, and in-unit laundry in every apartment. Wide Townhouse Presence: Approximately 19 feet of street frontage, providing a rare and attractive brownstone profile. Private Outdoor Amenity: A sizable rear garden creates a tranquil setting for private use or entertaining - an increasingly valuable feature in the rental market. Future Expansion Potential: Significant unused development rights offer flexibility for vertical expansion or unit reconfiguration, including potential conversion to larger three-bedroom layouts or live/work concepts. Efficient Operations: Individually metered utilities and modern infrastructure contribute to low operating and management expenses, enhancing net returns. Exceptional Harlem Location: situated at the end of the block of Whole Foods and the 2/3 express subway, with the Apollo Theater two blocks away. Surrounded by Lenox Avenue's dining and cultural corridor, tree-lined brownstone streets, Marcus Garvey Park, and close proximity to Central Park, this location combines daily convenience with long-term demand drivers. Unit Configuration: Garden Level: 1,000 SF + 420 SF private garden Parlor Level: 1,000 SF + two private outdoor spaces totaling 650 SF (balcony & patio) Second Floor: 1,000 SF Third Floor: 1,000 SF Building Specifications Year Built: 1910 Zoning: C4-4 Lot Size: 1,892 SF Lot Dimensions: 100.92' x 18.75' Building Footprint: 18.75' frontage x 46.00' depth Max Zoning Floor Area: 6,508 SF Existing Built Area: 2,664 SF Remaining Development Potential: Approx. 3,844 SF Compliance Status: Free of any open DOB or municipal violations All showings are by appointment only, please contact us to schedule a viewing 48hrs in advance. All units are occupied

Advertiser reference : 121247583Le Figaro Properties reference : 110081717

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Apartment with terrace New York (United States)

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Apartment with terraceNew York (United States)
Price :
$3,285,000
($8,840 / m²)
Surface372 m²bedrooms8 bathrooms4

Why this property will seduce you

Its assets

In detail

Energy Performance Certificate

GreenHouse Gas emission

Apartment with terrace New York (United States)

Visit this apartment

Contact an advisor

Apartment New York (United States)

Apartment with terrace New York (United States)

Contemporary apartment with terrace New York (United States)

Apartment New York (United States)

Apartment with terraceNew York (United States)Price : $3,285,000 USDEuro € EURAmerican Dollar ($ USD)British Pound (£ GBP) ($8,840 / m²) Surface372 m²bedrooms8 bathrooms4

Its assets

In detail

Apartment with terrace New York (United States)

Visit this apartment

Contact an advisor

Apartment with terraceNew York (United States)
Price :
$3,285,000
($8,840 / m²)
Surface372 m²bedrooms8 bathrooms4