ALL CASH PURCHASE SRO brownstone in the heart of Harlem ideal for a buyer who is fully comfortable navigating complex tenancy and regulatory conditions.


Property

Website:https://www.nestseekers.com/5370773
Address:
344 West 121st Street
New York, NY 10027
Cross street:Manhattan Avenue
Type:House
Era:Post-war
Floors:3
Ownership: Multi-Family
Rooms: 7
Bedrooms: Studio

Financials

Price:$1,150,000
Real estate tax:$4,752

Description

ALL-CASH PURCHASE SRO brownstone in the heart of Harlem ideal for a buyer who is fully comfortable navigating complex tenancy and regulatory conditions. This is an ALL-CASH ONLY acquisition and is not suitable for traditional financing. This three-story townhouse currently operates as a multi-unit SRO with long-term occupants, no DHCR registration, and no Certificate of No Harassment (CONH) on file. The building needs system repairs (including restoring hot water), regulatory attention, and working through existing tenancies. This building offers meaningful upside for the buyer who knows how to move through the process. Building: Approx. 3,600 SF, 7 active units (10 per HPD), R7B zoning Condition: Structurally sound; mechanical systems need work Tenancy: Fully occupied, cannot deliver vacant Regulatory: CONH required before major renovation or change-of-use This opportunity is not for a developer seeking quick conversion, or a buyer unfamiliar with HPD/DHCR processes. It is specifically for an all-cash purchaser who understands SRO restrictions, tenant coordination, and long-term value creation. For the right buyer, this represents the chance to acquire a rare Harlem asset with strong fundamentals in a high-demand corridor below 125th Street. Serious, qualified, all-cash purchasers only. Detailed materials will be shared with serious inquiries.

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Compass

344 West 121st Street New York NY 10027 USA