127 West 122nd Street
Approximate Square Feet: 3800
Common Charges: n/a
Monthly Taxes: $365
Isen & Company REA
Welcome to 127 West 122nd – this 19 foot townhouse is a special gem in a fantastic Central Harlem location. Ideally located below 125th, this building is in close proximity to the new Whole Foods at 125th, the Lenox commercial corridor, and public transit at 125th. The home features exquisite original detail that has been preserved over time. It is an excellent opportunity in Central Harlem and looks and feels special.
The building is currently configured as a two family. Two free market tenants currently occupy the space. The upper unit is occupied by a commercial tenant who uses the space M-F during business hours. The business is a well known Arts consultant who works with local museums and non-profits to help streamline outreach and infrastructure. The upper tenant is currently paying $7500 per month and has one year on the lease (exp 1/1/17). The tenants are ideal – they only occupy the space during business hours and no weekends. The Garden level apartment is a floor-thru one bedroom with a month-to-month tenant. They are open to staying and currently pay $1750 per month. The basement is currently being used as storage.
The building is 19′ x 50′ sitting on a 100′ foot lot and features 6508 of development rights (propertyshark and must be independently verified). The location is a excellent opportunity for any buyer looking for investment with long term goals of owning and operating in one of the fastest growing neighborhoods in Harlem.
Please note that showings are restricted to early mornings and weekends.