173 E 120Th St, New York, NY 10035

Description

This property is being offered via luxury private auction, now accepting bids. Visit Paramount Realty USA’s website for full terms and details.

173 East 120th Street is 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 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 addition, and the installation of a commercial-grade elevator.

Residential Space:
- The second floor hosts a spacious, floor-through apartment with four bedrooms and two full bathrooms.
- The third and fourth floors are configured as a beautifully renovated duplex, featuring two bedrooms, two and a half baths, two finished outdoor spaces, a chef's kitchen, wood-burning fireplace, and keyed elevator entry to both floors.

Commercial Space: A complete video studio, soundstage and additional production facilities are located on the first 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.