162 West 123rd Street

Mt. Morris Park   |   Lenox Avenue & Adam Clayton Powell Boulevard

Building for sale
$ 1,999,000
Ownership Income Property
Lot Size 14'x100'9"
Floors/Apts 4/10
Status Active
Real Estate Taxes [Per Annum] $ 18,000
Building Type Low-Rise
Year Built 1910
ASF/ASM 4,060/377
Listing ID: 77324TH

Property Description

162 West 123rd Street represents a fantastic opportunity for an investor or owner-landlord. Located on a desirable tree-lined block in the Mount Morris Park Historic District, the property is an elegant Neo-Grec Four Family rental investment townhouse built by Jacob Valentine and A. A. Teets in 1884. The duplex three-bedroom garden/parlor apartment and three floor-through units on the upper stories offer excellent capitalization rate, cash flow and return on investment. This beautiful house provides approximately 4,060 square feet of space across five floors, and all units boast high ceilings, large windows supplying abundant natural light, open-plan kitchens and tiled bathrooms. All have separate electric meters and are wired for cable and internet.

This lovely property is just a few steps from shopping on 125th St, with Whole Foods, Bed Bath and Beyond and more, and adjacent to Harlems Restaurant Row. It is also conveniently close to transportation options including the 2/3 and B/C subway lines and the M2, M7 and M101 bus lines. For recreation, 162 West 123rd Street St is perfectly positioned between Mount Morris Park, Morningside Park and Central Park.

**Partial Virtual Tour Available upon request





162 West 123rd Street represents a fantastic opportunity for an investor or owner-landlord. Located on a desirable tree-lined block in the Mount Morris Park Historic District, the property is an elegant Neo-Grec Four Family rental investment townhouse built by Jacob Valentine and A. A. Teets in 1884. The duplex three-bedroom garden/parlor apartment and three floor-through units on the upper stories offer excellent capitalization rate, cash flow and return on investment. This beautiful house provides approximately 4,060 square feet of space across five floors, and all units boast high ceilings, large windows supplying abundant natural light, open-plan kitchens and tiled bathrooms. All have separate electric meters and are wired for cable and internet.

This lovely property is just a few steps from shopping on 125th St, with Whole Foods, Bed Bath and Beyond and more, and adjacent to Harlems Restaurant Row. It is also conveniently close to transportation options including the 2/3 and B/C subway lines and the M2, M7 and M101 bus lines. For recreation, 162 West 123rd Street St is perfectly positioned between Mount Morris Park, Morningside Park and Central Park.

**Partial Virtual Tour Available upon request






Listing Courtesy of Harlem Lofts, Inc.

Care to take a look at this property?

Apartment Features

A/C [Window Units]

Outdoor

Private Garden
162 West 123rd Street Mt. Morris Park New York NY 10027

Building Details [162 West 123rd Street]

Ownership Income Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1907/158
Zoning R7-2
Building Type Low-Rise
Year Built 1910
Floors/Apts 4/10
Lot Size 14'x100'9"

Building Amenities

Garden

Mortgage Calculator in [US Dollars]

$
%
$
%

Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2020 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.