2 Bed 3 Bath Multi-family For Sale $5,250,000 9,050 sqft ($580 per sqft)
Broker: Conrad Martin Jones Lang Lasalle Americas, Inc.
JLL has been retained on an exclusive basis to arrange for the sale of 173 East 120th Street, a modern, ~25' wide, elevatored, mixed-use property with
...read moreJLL has been retained on an exclusive basis to arrange for the sale of 173 East 120th Street, a modern, ~25' wide, elevatored, mixed-use property with curb cut and private garage. With bright views overlooking the Harlem Art Park to the west, the property is located on the north side of East 120th Street between Lexington and 3rd Avenues. The 4-story property is comprised of a commercial video production studio with 12' 9"" ceilings on the ground floor, a marble-clad entrance lobby, a garage and two expansive residential units with lock-off elevator access on the 2nd through 4th floors. There are also additional production facilities located in the finished basement.
The complete gut renovation of the building involved the replacement of all mechanical, electrical, plumbing and HVAC systems, a fourth-floor addition and the installation of a commercial-grade elevator serving all floors. The second floor contains a large, floor-through apartment with four bedrooms and two full bathrooms, and the remaining floors (3-4) are configured as a beautifully renovated owner-occupied two bedroom, two-and-a-half bath duplex with multiple finished outdoor spaces located on the roof and two separate terraces, chef's kitchen, wood-burning fireplace, multiple family rooms and elevator entry to both floors.
173 East 120th Street is ideally situated at the border of both Central and East Harlem, lying in close proximity to both the bustling 125th Street corridor and the East River Plaza retail complex at 117th Street, which features national tenants such as Costco, Target, Burlington, Old Navy and Marshalls. The property is located just a 5-minute walk from the 4 5 6 train at 125th Street and Lexington Avenue providing access to midtown Manhattan in under 20 minutes. And one block further is Metro North Commuter Railroad's Harlem Station, a central transportation hub connecting the property directly to New York City's entire northern corridor.
173 East 120th Street presents a unique opportunity to acquire a beautifully renovated, versatile, turn-key, elevatored property ideal for full owner-occupancy or a live/work-plus-income scenario.
