NY > Manhattan > Mt. Morris Park
Manhattan, NY 10027,10 W 122nd Street
Manhattan, NY 10027,10 W 122nd Street
Manhattan, NY 10027,10 W 122nd Street
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Listing Courtesy of NYC Property Expo, Inc.
$4,200,000
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5,598 SqFt
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10 W 122nd Street Manhattan, NY 10027

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,598 sqft

Price per Sqft $750

Subdivision Mt. Morris Park

MLS Listing ID RLS20040299

Style Prewar,Walk-Up

HOA Y/N No

Year Built 1899

Annual Tax Amount $15,962

Property Sub-Type Multi Family

Property Description

Fully Renovated 8-Unit Free-Market Multifamily in Prime Central Harlem

10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan's fastest-growing neighborhoods.

The property has 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.

The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $217,172.89. At the $4.2 million asking price, this yields a 5.17% cap rate with additional upside once concessions roll off. A pro forma cap rate of ~5.7% is projected within the first 12–18 months, supported by market rent growth in Central Harlem.

Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.

This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.

Highlights:

8 Fully Leased, Free-Market Units
T-12 NOI: $217,172.89
Asking Price: $4,200,000
Cap Rate (In-Place): 5.17%
Gross Rent: $317,715/year
Shared Laundry and Furnished Roof Deck
Split HVAC (Tenant-Controlled Heating/Cooling)
Taxes (2025–26): $16,461
No Rent-Stabilized Exposure
Located in Mount Morris Park Historic District
Near Subway, Metro-North, Columbia University, and 125th St Retail

Location

State NY

County New York

Interior

Heating Electric

Cooling Wall Unit(s)

Fireplace No

Laundry Common Area

Exterior

Exterior Feature Building Storage, Building Roof Deck, Private Outdoor Space Under 60 Sqft

View Y/N Yes

View City

Porch Patio

Private Pool No

Building

Story 3

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $1, 330

Pets Allowed Building Yes, Yes

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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agent

Anthony Guerriero

Broker

+1(646) 376-8752

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10 W 122nd Street

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