Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$3,850,000
Potential Rebate: $57,750
<strong>4 Family luxury Boutique Turnkey Investment Opportunity </strong><br> <br> 8 Bedrooms, 4 Bathrooms, 5,200+ Sq. ft. 4 Free-market Units <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 <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 <br> - Rare 22.5 ft frontage <br> - Large front and back garden for curb appeal and entertaining <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% <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 <br> <br> 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. <br> <br> <strong>Property Set Up </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. <br> - Parlor & Third Floor Units: Spacious floor-through 2BR apartments with 11' ceilings, south-facing light, exposed brick, decorative fireplaces, and chef's kitchens. <br> - Fourth Floor: Expansive 3BR full-floor with skylights and abundant natural light - ideal for owner occupancy or premium<br> rental repositioning. <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. <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. <br>
$19,024 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$57,750
Monthly savings impact
$160/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).
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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.
The Real Estate Rebate Team
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Data Source: TRESTLE #RLS20053005

Compare average listing prices and value metrics for 7 East 129TH Street against the surrounding Central Harlem market.
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 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.
The market for homes for sale in Central Harlem includes renovated brownstones and new condos.
The lifestyle in Central Harlem is vibrant. 125th Street is the commercial heartbeat.
Central Harlem is served by the 2/3 and B/C trains.
Marcus Garvey Park is a community gathering spot.
Amenities: The Apollo Theater is a global icon.
Central Harlem is best for culture seekers and families.

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