347 West 121st Street, New York City, NY 10027
Listing Courtesy of Compass
$3,350,000
Potential Rebate: $50,250
Overview
Elegant Turnkey Townhouse on West 121st Street – A Rare Harlem Gem
Nestled on the serene, tree-lined townhouse block in vibrant Western Harlem, this meticulously renovated 16-foot-wide, three-unit, free-market townhouse blends timeless charm with modern convenience. Recently renovated and upgraded, with modern electrical, plumbing, and radiant heating system throughout, this turnkey property is a great investment as an ideal owner-occupant home with reliable income, a pure investment property, or as a prime candidate for conversion to a stunning single-family home. All three units are leased with flexible 90-day lease break clauses in the event of a sale, offering unmatched versatility.
Step inside to discover beautifully preserved architectural details—high ceilings, elegant moldings, and classic lines—that evoke the warmth and character of historic Harlem. The garden-level apartment features a spacious one-bedroom floor-thru with a large open kitchen, generous living/dining area, a full bath, and access to a lush, private garden; a tranquil retreat for urban dwellers. A bonus home office with washer/dryer in the basement adds practicality for remote work or creative pursuits.
The parlor-level apartment boasts a bright one-bedroom layout with soaring ceilings, abundant natural light, and a deck with garden access, blending airy sophistication with everyday functionality. Upstairs, the third- and fourth-floor duplex offers a sprawling three-bedroom, two-bath retreat with an open kitchen, expansive living area, in-unit washer/dryer, and three generously sized bedrooms—perfect for families or those craving space.
Designed for ease and efficiency, the property features separately billed electric and gas for each unit, radiant heating for year-round comfort, and a basement with ample storage currently reserved for the offsite owners. Solid construction ensures lasting value, while modern upgrades make this a move-in-ready opportunity for discerning buyers.
Whether you’re drawn to the practicality of a low-maintenance, income-producing asset or enchanted by the preserved elegance and private green oasis, this townhouse is a rare find. Call to schedule a private tour today to experience the perfect balance of historic charm, modern luxury, and investment potential in one of Harlem’s most picturesque neighborhoods.
Home Features
- •In Unit
- •See Remarks
- •Private Outdoor Space Over 60 Sqft
- •Private Yard
- •Built-in Features
- •Crown Molding
- •High Ceilings
- •Sound System
Estimated Monthly Payment
$17,753 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$50,250
Monthly savings impact
$140/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
543 West 122ND Street #18A, New York City, NY 10027
Listing Courtesy of Brown Harris Stevens Development Marketing LLC
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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. ©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.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20032495
Price Analysis
Compare average listing prices and value metrics for 347 West 121st Street against the surrounding Harlem market.
Average List Price
Price Per SqFt
7.32% Lower
than the 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.
Harlem
Overview of Harlem
Harlem is globally renowned as a center of Black culture, creativity, and resilience. Stretching across central Upper Manhattan, it is a vast and diverse area that encompasses several sub-neighborhoods. For those exploring Harlem Manhattan real estate, the neighborhood offers a powerful sense of place and history found nowhere else.
Living in Harlem, Manhattan is to live in a community with a heartbeat. From the jazz clubs of 125th Street to the quiet rows of Strivers' Row, it is vibrant and undergoing a massive renaissance. As a quintessential Manhattan NYC neighborhood, it combines beautiful brownstone architecture with a modern culinary and retail boom.
Real Estate & Housing Market
The market for homes for sale in Harlem is incredibly varied. You can find meticulously restored historic brownstones selling for millions, right alongside new construction luxury condos and affordable HDFC co-ops. The housing stock is some of the most beautiful in the city, characterized by wide boulevards and distinctive architecture.
Investment remains strong as new retail and office developments on 125th Street continue to reshape the economy. The area attracts a diverse mix of long-time residents, young professionals, and families seeking more space than they can afford in the Lower West Side.
Lifestyle & Community
The lifestyle in Harlem is soulful and social. The dining scene is legendary, from Sylvia's and Red Rooster to new trendy cafes. Cultural amenities are unmatched, with the Apollo Theater, the Studio Museum, and the Schomburg Center all within a few blocks.
Community pride is fierce. Block associations are active, and neighbors look out for one another. The stoop culture—sitting outside and chatting—is still very much alive here, making it feel warmer than the more anonymous downtown districts.
Transportation & Accessibility
Harlem is one of the best-connected neighborhoods in NYC. It is served by multiple express lines (2/3 on the west, 4/5 on the east, A/D in the middle). The 125th Street corridor is a major transit artery for buses and Metro-North, offering easy access to Westchester and Connecticut.
Getting downtown is fast—often 15-20 minutes to Midtown. The wide streets also make biking and driving relatively easier than in congested lower Manhattan.
Parks, Schools & Amenities
Residents are flanked by green space: Morningside Park to the west, Marcus Garvey Park in the center, and Central Park to the south. These parks are vital community hubs hosting jazz festivals, plays, and sports leagues.
Amenities have surged with the arrival of Whole Foods, Trader Joe's, and major retail chains on 125th Street. It offers a suburban-level convenience within an urban setting.
Who This Neighborhood Is Best For
Harlem is best for culture seekers, families wanting brownstone living, and professionals who want express commutes. It is for anyone who wants to live in a neighborhood with a distinct, powerful identity.
