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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10035
  6. 7 East 129TH Street #TWHSE
Property thumbnail
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Rental Building•Central Harlem

7 East 129TH Street #TWHSE, New York City, NY 10035

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

$3,850,000

Potential Rebate: $57,750

Rental Building
8 Beds
4 Baths
16 Rooms
5,200 sqft
Built 1910
4 Stories
740/ft²
Listed on Oct 6, 2025
102 days on market
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Overview

<strong>4 Family luxury Boutique Turnkey Investment Opportunity </strong><br> <br> 8 Bedrooms, 4 Bathrooms, 5,200+ Sq. ft. 4 Free-market Units&nbsp; <br> <br> <strong>Investment Highlights </strong><br> <br> - Luxury turnkey free market rental multi-family in excellent condition: All four units are currently leased under market while generating a cap rate of 5%, with the potential for a 6.5% cap rate<br> - Spacious +5,200 SF layout with high ceilings and spacious rooms&nbsp;<br> - High end finishes: hardwood floors, stone counter tops, high end appliances, chef's kitchens, radiant-heated bathroom<br> floors, In-unit W/D's, mini-split HVAC's&nbsp;<br> - Rare 22.5 ft frontage&nbsp; <br> - Large front and back garden for curb appeal and entertaining&nbsp; <br> - Usable air rights allow vertical additions or reconfiguration of layouts into larger 3BR/live-work models<br> - Strong upside for luxury corporate or short-term rentals with rent premiums of 30%&nbsp;&nbsp;<br> - Low management costs - Separately metered utilities and modern systems reduce expenses, making operations investor-friendly<br> - Prime Harlem Location - Across from Harlem Rose Garden, on a tree-lined block near 125th Street retail/dining hub, Whole Foods, Trader Joe's, and major subway/Metro-North lines&nbsp;&nbsp;<br> <br> &nbsp;An exceptional boutique investment opportunity in the heart of Harlem, 7 East 129th street combines free market income with significant upside. Over 5200 square feet on a 22.5' x 59' frontage, offering curb appeal rarely seen in multi-unit assets. All four free market units are fully renovated featuring luxury finishes and thoughtful layouts. These units appeal to both long-term tenants and furnished rental operators. Investors will benefit from multiple income scenarios available. You can secure immediate yield from in-place leases while unlocking higher returns through repositioning, market-rate increase, or short term strategies.&nbsp; <br> <br> <strong>Property Set Up&nbsp; </strong><br> <br> - Garden Unit: Spacious contemporary 1BR with two-level private garden, radiant-heated bathroom floor, high-end finishes, prime for furnished corporate or short-term use.&nbsp; <br> - Parlor &amp; Third Floor Units: Spacious floor-through 2BR apartments with 11' ceilings, south-facing light, exposed brick, decorative fireplaces, and chef's kitchens.&nbsp; <br> - Fourth Floor: Expansive 3BR full-floor with skylights and abundant natural light - ideal for owner occupancy or premium<br> rental repositioning.&nbsp; <br> <br> Minutes to Midtown via nearby subway (2/3, 4/5/6) and Metro-North, with Whole Foods, Trader Joe's, Target, and the cultural and dining hub of 125th Street just blocks away. The property's location blends Harlem's residential charm with commercial accessibility, making it a strategic foothold in one of New York City's most dynamic markets to invest in.&nbsp;<br> <br> <br> <strong>7 East 129th Street</strong> represents a rare opportunity to acquire a free-market, luxury boutique multi-unit asset in Central Harlem. With a combination of steady income, value add potential, and boutique finishes, this property is an ideal acquisition for seasoned investors, owner-users seeking income offset, or developers looking to unlock additional value in one of New York City's most dynamic neighborhoods.&nbsp;<br>

Home Features

  • •Washer Hookup
  • •In Unit
  • •Private Outdoor Space Over 60 Sqft
  • •Dining Area

Estimated Monthly Payment

$19,024 per month

30 year fixed, 6.28% Interest

Principal and Interest
$19,024
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$57,750

Monthly savings impact

$160/mo

Effective Purchase Price

$3,792,250

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

Data Source: TRESTLE #RLS20053005

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

REBNY & NAR

Member

Verified

Listings

RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

Data Source: TRESTLE #RLS20053005

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Price Analysis

Compare average listing prices and value metrics for 7 East 129TH Street against the surrounding Central Harlem market.

Based on 1 active unit in building vs 105 in area

Average List Price

Building$3.9M
Neighborhood$1.3M

Price Per SqFt

Building Avg$740/ft²
Neighborhood Avg$894/ft²
Value Opportunity

17.18% Lower

than the Central Harlem price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Central Harlem

Overview of Central Harlem

Central Harlem is the cultural capital of Black America. Known for its jazz clubs and historic brownstones. For buyers seeking Central Harlem Manhattan real estate, it offers history and community.

Living in Central Harlem is soulful. As a Manhattan NYC neighborhood, it is experiencing a renaissance.

Real Estate & Housing Market

The market for homes for sale in Central Harlem includes renovated brownstones and new condos.

Lifestyle & Community

The lifestyle in Central Harlem is vibrant. 125th Street is the commercial heartbeat.

Transportation & Accessibility

Central Harlem is served by the 2/3 and B/C trains.

Parks, Schools & Amenities

Marcus Garvey Park is a community gathering spot.

Amenities: The Apollo Theater is a global icon.

Who This Neighborhood Is Best For

Central Harlem is best for culture seekers and families.

Central Harlem GuideAll Neighborhoods
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