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 spans approximately 5,598 square feet across 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) 5,598 SF Building on 22’ × 100.92’ Lot (R7-2 Zoning) 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