Property thumbnail
1 / 7
Rental BuildingMorningside Heights

515 West 122nd Street #54, New York City, NY 10027

Listing Courtesy of Stone Crest Inc

$4,100/mo

Potential Rebate: $62

Rental Building
2 Beds
1 Bath
4 Rooms
Built 1907
Listed on Jun 6, 2025
207 days on market

Overview

<br>Beautiful 2 bedroom apartment apartment in Morningside Heights. Located between Riverside and Morningside Parks. Each bedroom has space for a queen size bed. This unit has an eat in kitchen with plenty of counter and cabinet space, as well as a dishwasher. Tiled bathroom features a window and bathtub. This apartment has hardwood floors throughout and multiple closets.<br><br>Located on the fifth floor of a well-maintained, pre-war building. The building has a live-in super, elevator, and laundry in the basement. Located near Columbia University, Barnard College, and Manhattan School of Music. Near the 1, A, and C train.<br><br><br><br><br><br>

Home Features

  • Radiant
  • Building Inside
  • Common Area
  • Dishwasher
  • Hardwood

Estimated Monthly Payment

$20 per month

30 year fixed, 6.28% Interest

Principal and Interest
$20
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$62

Monthly savings impact

$0/mo

Effective Purchase Price

$4,039

(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).

Price Analysis

Compare average listing prices and value metrics for 515 West 122nd Street against the surrounding Morningside Heights market.

Based on 1 active unit in building vs 53 in area

Average List Price

Building$4.1K
Neighborhood$1.5M

Price Per SqFt

Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.

Value Opportunity

99.73% Lower

than the Morningside Heights price average

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

Morningside Heights

Overview of Morningside Heights

Morningside Heights is often called the "Academic Acropolis" of New York City. Perched on a high ridge north of the Upper West Side, it is dominated by Columbia University, Barnard College, and the massive Cathedral of St. John the Divine. For buyers seeking Morningside Heights Manhattan real estate, the appeal is intellectual, historic, and architecturally consistent.

Living in Morningside Heights, Manhattan feels like living in a college town embedded in a metropolis. The streets are filled with students and professors. As a unique Manhattan NYC neighborhood, it offers a distinct sense of separation from the rest of the city due to its elevation and institutional focus.

Real Estate & Housing Market

The market for homes for sale in Morningside Heights is extremely tight. Much of the housing stock is owned by the university for faculty housing. However, the private market features stunning pre-war co-ops with spacious layouts perfect for families and academics.

Prices are generally comparable to the Upper West Side but offer more space. It is a stable market, insulated by the constant demand from the educational institutions that anchor the community.

Lifestyle & Community

The lifestyle in Morningside Heights is cerebral and relaxed. Coffee shops are filled with laptops and debates. The dining scene is affordable and casual, catering to students with everything from bagel shops to noodle bars.

It is a quiet neighborhood, especially in the summer. The community is transient due to the student population but anchored by long-term faculty residents who create a stable, intellectual core.

Transportation & Accessibility

Morningside Heights is served by the 1 train along Broadway at 110th, 116th, and 125th Streets. While it's a local train, the commute to Midtown is reliable and straightforward.

The M4 and M104 buses are popular scenic routes. The neighborhood is very walkable, with most daily needs available within a few blocks on Broadway or Amsterdam Avenue.

Parks, Schools & Amenities

The neighborhood is bookended by two parks: Morningside Park to the east (with its dramatic cliffside views) and Riverside Park to the west. The university campuses themselves act as green quadrangles.

Amenities are heavily student-focused, meaning excellent bookstores (Book Culture), affordable gyms, and copy shops. It lacks major luxury retail but makes up for it with cultural richness.

Who This Neighborhood Is Best For

Morningside Heights is best for academics, students, and families who prioritize education and pre-war charm. It is for those who want a quiet, leafy "campus" feel within the city.