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24956419
24956426

173 E 120th St, New York, NY 10035

PR
NY 10991221111
Paramount Realty USA
Listed by Paramount Realty USA
$3,500,000
317 days on market
Updated 65 days ago
Opportunity zone

Mixed-Use Live/Work Building

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 9,050
Units 3
Price per SqFt $387
Broker Co-Op Yes
Year Built 1910
Year Renovated 2006
Buildings 1
Stories 4
Lot Size (SqFt) 2,506
Zoning R7B
Investment Type Owner/User
Occupancy Date 09/18/2025

Mixed Use Live/Work Building

Marketing description

AUCTION SALE

Bidding Open Through Thursday, November 13. Please note that the above price reflects the Reserve Price for the property, which is being marketed for sale by private auction. Submit bid anytime now through November 13. Seller reserves the right to accept or reject/any/all bids. Please visit prusa.com for additional terms.


OVERVIEW
A remarkable mixed-use property located in East Harlem, offering a unique blend of residential and commercial spaces. This modern, 25-foot wide building features an elevator, curb cut, and a rare private garage, making it a versatile option for various uses. Situated on the north side of East 120th Street between Lexington and 3rd Avenues, the property overlooks the Harlem Art Park, providing bright and scenic views.

The 4-story building includes a commercial video production studio with high ceilings on the ground floor and a marble-clad entrance lobby with keyed elevator access to the upper floors. In 2006 the building underwent a complete gut renovation which included the replacement of all mechanical, electrical, plumbing, and HVAC systems, a fourth-floor , and the installation of a commercial-grade elevator. The residential space on the 2nd floor features a spacious, floor-through apartment with 4 bedrooms and 2 full bathrooms. The 3rd & 4th floors are configured as a beautifully renovated duplex, featuring 2 bedrooms, 2.5 bathrooms, two finished outdoor spaces, a chef’s kitchen, wood-burning
fireplace, and keyed elevator entry to both floors.

The ground level commercial space features a complete video studio, soundstage and additional production facilities are located on the 1st floor and in the finished basement. The property is near the bustling 125th Street corridor and the East River Plaza retail complex, which includes major retailers like Costco, Burlington, Old Navy, and Marshalls. A five-minute walk to the 4, 5, and 6 subway trains at 125th Street and Lexington Avenue, offering quick access to midtown Manhattan. Additionally, the Metro North Commuter Railroad’s Harlem Station is nearby, connecting the property to New York City’s northern corridor. 173 East 120th Street is an exceptional opportunity for those seeking a beautifully renovated, turn-key property that is ideal for full owner occupancy or a live/work plus income scenario. Its strategic location and versatile spaces make it a prime choice for potential buyers or investors. Property will be delivered vacant.

Investment highlights

  • Primary residence, investment, live/ work potential

  • Private garage

  • 25-foot-wide building

  • 2 bed / 2.5 bath renovated duplex

  • 4 bed / 2 bath floor-through apartment

  • Commercial production studio, soundstage & offices

Listing Contacts

PR
NY 10991221111
Paramount Realty USA
Listed by Paramount Realty USA

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Additional Information

Name
Paramount Realty USA
License
10991221111
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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