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7 East 129th StreetNew York, NY 10035

For Sale

$3,850,000

Smart Buyer Rebate $48,125

4 Family luxury Boutique Turnkey Investment Opportunity

8 Bedrooms 4 Bathrooms 5,200+ Sq. ft. 4 Free-market Units!

Investment Highlights:
- 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

- Spacious +5,200 SF layout with high ceilings and spacious rooms

- High end finishes: hardwood floors, stone counter tops, high end appliances, chef's kitchens, radiant-heated bathroom floors, In-unit W/D's, mini-split HVAC's 

- Rare 22.5 ft frontage 

- Large front and back garden for curb appeal and entertaining 

- Usable air rights allow vertical additions or reconfiguration of layouts into larger 3BR/live-work models

- Strong upside for luxury corporate or short-term rentals with rent premiums
of 30%  

- Low management costs - Separately metered utilities and modern systems reduce expenses, making operations investor-friendly

- 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  

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. 


Property Set Up:

- 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 

- Parlor & Third Floor Units: Spacious floor-through 2BR apartments with 11' ceilings, south-facing light, exposed brick, decorative fireplaces, and
chef's kitchens 

- Fourth Floor: Expansive 3BR full-floor with skylights and abundant natural light

- Ideal for owner occupancy or premium rental repositioning 

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. 

7 East 129th Street 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. 

 

Listed by Traci Byers

·

Brown Harris Stevens Residential Sales LLC

·

(212) 381-2578

Last updated January 16, 2026

·

Source: REBNY #RLS20067454

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast Harlem
  • Bedrooms8
  • Bathrooms4
  • Days on Prevu14
  • Taxes$12,300/year

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

01/16/2026
Listed by Brown Harris Stevens Residential Sales LLC
$3,850,000

Estimated Closing Costs

Total
$143,865
Attorney Fees
$4,000
NYC Mansion Tax
$57,750
Title Insurance
$17,325
Bank Attorney
$1,500
Mortgage Recording Tax
$59,290
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $3,850,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 7 East 129th Street

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 4
  • Stories Total: 4
  • Structure Type: Townhouse
  • Year Built: 1910
  • Entry Level: 1

Measurements

  • Building Area Total: 1,357
  • Building Area Units: SquareFeet
  • Lot Size Area: 2,248
  • Lot Size Dimensions: 99
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 1754-0006
  • Tax Annual Amount: $12,300.00

Interior

Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: Smoke Free

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Rooms Total: 16

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Central Harlem
  • Tax Block: 01754
  • Tax Lot: 0006

Utilities

Equipment

  • Has Cooling: Yes
  • Laundry Features: Washer Hookup, In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 8 bedrooms and 4 bathrooms in this multi-family home at 7 East 129th Street.

What are the annual taxes for 7 East 129th Street?

Annual taxes for this multi-family home are estimated at $12,300.

How does 7 East 129th Street compare to other multi-family homes in East Harlem?

This multi-family home is listed 60% above the average price for multi-family homes in East Harlem and has been on the market for 124 less days than the typical home in this area.

7 East 129th Street is a 8-bedroom, 4-bath multi-family home for sale in New York NY 10035. Available on Prevu for 14 days at $3,850,000. This residence is located in East Harlem. The median listing price for multi-family homes in this area is $925,000. The home offers private outdoor space. Explore more multi-family home listings in Manhattan.

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.