173 East 120th Street, New York City, NY 10035
Listing Courtesy of Compass
$3,500,000
Potential Rebate: $87,500
Overview
This property is being offered via luxury private auction, now accepting bids. Visit Paramount Realty USA’s website for full terms and details.
173 East 120th Street is a remarkable mixed-use property located in East Harlem, offering a unique blend of residential and commercial spaces. This modern, 25-foot wide building features an elevator, curb cut, and private garage, making it a versatile option for various uses.
Situated on the north side of East 120th Street between Lexington and 3rd Avenues, the property overlooks the Harlem Art Park, providing bright and scenic views. The 4-story building includes a commercial video production studio with high ceilings on the ground floor and a marble-clad entrance lobby with keyed elevator access to the upper floors.
In 2006 the building underwent a complete gut renovation which included the replacement of all mechanical, electrical, plumbing, and HVAC systems, a fourth-floor addition, and the installation of a commercial-grade elevator.
Residential Space:
- The second floor hosts a spacious, floor-through apartment with four bedrooms and two full bathrooms.
- The third and fourth floors are configured as a beautifully renovated duplex, featuring two bedrooms, two and a half baths, two finished outdoor spaces, a chef's kitchen, wood-burning fireplace, and keyed elevator entry to both floors.
Commercial Space: A complete video studio, soundstage and additional production facilities are located on the first floor and in the finished basement.
The property is near the bustling 125th Street corridor and the East River Plaza retail complex, which includes major retailers like Costco, Burlington, Old Navy, and Marshalls. A five-minute walk to the 4, 5, and 6 subway trains at 125th Street and Lexington Avenue, offering quick access to midtown Manhattan. Additionally, the Metro North Commuter Railroad's Harlem Station is nearby, connecting the property to New York City's northern corridor.
173 East 120th Street is an exceptional opportunity for those seeking a beautifully renovated, turn-key property that is ideal for full owner occupancy or a live/work plus income scenario. Its strategic location and versatile spaces make it a prime choice for potential buyers or investors.
Home Features
- •Central Air
- •Natural Gas
- •In Unit
- •See Remarks
- •Balcony
- •Private Outdoor Space Over 60 Sqft
- •Double Vanity
- •Dryer
Estimated Monthly Payment
$19,070 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$87,500
Monthly savings impact
$243/mo
Effective Purchase Price
$3,412,500
(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 Compass
Data Source: TRESTLE #RLS11031109
RLS at REBNY
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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. ©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 Compass
Data Source: TRESTLE #RLS11031109
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for 173 East 120th Street against the surrounding East Harlem market.
Average List Price
Price Per SqFt
55.01% Lower
than the East 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.
