213 E 120th Street presents a compelling 4 unit value-add investment opportunity located in the rapidly evolving East Harlem sub-market.
The property will be delivered fully vacant, offering immediate execution potential with untapped upside through renovation, repositioning, and improved operational efficiency. Each residential unit is pre-plumbed for an in-unit washer and dryer, enhancing tenant appeal, and the ground-floor retail/studio unit enjoys its own private outdoor patio access—ideal for café seating or creative workspace. This is a rare opportunity for an investor or developer to maximize returns on a boutique mixed-use asset in a high-growth corridor.
To support the value-add strategy, an architectural proposal has been included to expedite the addition of mezzanine space on Floor One, with the intent to convert the ground-level unit into a full 2-bedroom, 1-bath residence. This configuration would increase the usable square footage, enhance the unit mix, and unlock additional rental revenue—strengthening both the short-term cash flow and long-term valuation of the asset.
Active
$1,890,000
213 E 120th St #BLD, New York, NY 10035
4beds
4,320sqft
Multi Family
Built in 1899
-- sqft lot
$-- Zestimate®
$438/sqft
$-- HOA
What's special
Private outdoor patio access
- 14 days |
- 320 |
- 12 |
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