126 West 121st Street
New York, NY 10027

Cross street:Adam Clayton Powell Boulevard

Building

Type:Townhouse
Era:Post-war
Floors:5

Property

Ownership: Rental Property
Rooms: 20
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price:$2,595,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Brown Harris Stevens Residential Sales LLC

Description

Historic Harlem Townhouse with Endless Possibilities

Discover a rare opportunity to own a stately 5-story, 20-foot-wide townhouse nestled in the heart of Harlem's most desirable enclave, the Mount Morris Park Historic District. Built in 1901, this well-maintained, architecturally rich home spans over 5800 square feet (plus basement) and is currently configured as a 7-unit, unregulated rental building. The flexible layout includes three 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two studios-offering both immediate income and long-term potential. All leases expire between September 2025 and May 2026, providing a clear path for transformation, whether you envision a grand single-family residence or a high-yield rental investment. Current rental rates are below market, adding value for the savvy investor.

Step inside to find an abundance of original details-ornate woodwork, fireplaces, and period craftsmanship-all in remarkably good condition and awaiting thoughtful restoration. The top floor and roof deliver sweeping views of downtown Manhattan, making this home as visually inspiring as it is functional.

Recent updates include:
- New roof and skylight resurfacing (within the last 4-6 years)
- New boiler (2020)
- Updated windows (within the last 15 years)

Beyond the home itself, the location is second to none. Just blocks from the 2/3 and A/B/C/D trains, Whole Foods, Trader Joe's, CVS, and more, you're perfectly positioned for convenience. The surrounding neighborhood offers an extraordinary cultural landscape: from jazz and classical theatre in Marcus Garvey Park to performances at the Apollo and National Black Theatre. Art lovers will revel in proximity to the Studio Museum, independent art galleries and the Schomburg Center. Dining and shopping options abound on nearby Malcolm X Blvd. Enjoy brunch at Settepani, cocktails at Archer & Goat, or browse local treasures at boutiques like NiLU and Grandma's Place.

Whether you're looking to create your dream home or capitalize on a prime investment in one of NYC's most storied neighborhoods, 126 West 121st Street is your gateway to something exceptional.

Amenities

  • Voice Intercom

Neighborhood

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Historic Harlem Townhouse with Endless Possibilities Discover a rare opportunity to own a stately 5 story, 20 foot wide townhouse nestled in the heart of Harlem's most desirable enclave, the ...


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.