344 W 121st Street
$1,150,000
MLS# RLS20059806 · Harlem
Listed August 24, 2026 · 78 days on the market
7 Beds 3 Baths 3,600 Sq.Ft.
About This Property
ALL-CASH PURCHASE
SRO brownstone in the heart of Harlem ideal for a buyer who is fully comfortable navigating complex tenancy and regulatory conditions. This is an ALL-CASH ONLY acquisition and is not suitable for traditional financing.
This three-story townhouse currently operates as a multi-unit SRO with long-term occupants, no DHCR registration, and no Certificate of No Harassment (CONH) on file. The building needs system repairs (including restoring hot water), regulatory attention, and working through existing tenancies. This building offers meaningful upside for the buyer who knows how to move through the process.
Building: Approx. 3,600 SF, 7 active units (10 per HPD), R7B zoning
Condition: Structurally sound; mechanical systems need work
Tenancy: Fully occupied, cannot deliver vacant
Regulatory: CONH required before major renovation or change-of-use
This opportunity is not for a developer seeking quick conversion, or a buyer unfamiliar with HPD/DHCR processes. It is specifically for an all-cash purchaser who understands SRO restrictions, tenant coordination, and long-term value creation.
For the right buyer, this represents the chance to acquire a rare Harlem asset with strong fundamentals in a high-demand corridor below 125th Street.
Serious, qualified, all-cash purchasers only. Detailed materials will be shared with serious inquiries.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Compass.
This three-story townhouse on West 121st Street has about 3,600 square feet, seven bedrooms and three bathrooms, and it was built in 1899. The listing says the structure is sound while the mechanical systems need work, and restoring hot water is one of the repairs it names.
The building is fully occupied by long-term occupants, so it can't be delivered vacant. It has no DHCR registration and no Certificate of No Harassment on file, and the CONH is required before any major renovation or change of use. Those steps decide what you can do with the building, so it's worth reviewing them with an attorney who works on HPD and DHCR matters.
Morningside Park is about 2 minutes away on foot, and St. Nicholas Park is about 9. The 116 St station on the B and C and the 125 St station on the A, B, C and D are each about 6 minutes on foot, and Lincoln Market is about 3 minutes away.
A townhouse like this offers separation across three floors, and the stairs and upkeep of the whole building fall to its owner.
Quick answers+
How many bedrooms and bathrooms does the property have?
Seven bedrooms and three bathrooms, in about 3,600 square feet.
Is there private outdoor space?
Yes, there is private outdoor space of over 60 square feet.
Is the building occupied?
Yes, it is fully occupied by long-term occupants and can't be delivered vacant.
Curtis Bain
Brown Harris Stevens
Property Features
Home features
- Private outdoor space (over 60 sq ft)
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$6,211 / month
- Principal and interest$5,815
- Property taxes$396
Due at closing
- Down payment (20%)$230,000
- NYS “mansion tax” (1%)$11,500
- Mortgage recording tax (1.925%)$17,710
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
344 W 121st Street is a 3-story two-family dwelling in Harlem, completed in 1899 and home to 2 residential units.
The closest subway is 116 St (B, C), about a 6-minute walk. Morningside Park is roughly 2 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1899
- Stories
- 3
- Units
- 2
- Building Type
- Two-Family Dwelling
Location & Nearby
Map
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344 W 121st Street
Subway
- BC116 StAbout 6 min walk
- ABCD125 StAbout 6 min walk · Accessible
- 1116 St-Columbia UniversityAbout 12 min walk
Parks
- Morningside ParkAbout 2 min walk
- Playground One Twenty Five CXXVAbout 3 min walk
- St. Nicholas ParkAbout 9 min walk
Public schools · Elementary schools
- P.S. 180 Hugo NewmanAbout 2 min walk
- New York French-American Charter School · CharterAbout 2 min walk
- P.S. 125 Ralph BuncheAbout 5 min walk
Middle schools
- Mott Hall IIAbout 6 min walk
- New Design Middle SchoolAbout 10 min walk
High schools
- Columbia Secondary SchoolAbout 5 min walk
- KIPP Beyond Charter School · CharterAbout 9 min walk
Colleges & universities
- Teachers College, Columbia UniversityAbout 8 min walk
- Columbia UniversityAbout 9 min walk
- Manhattan School of MusicAbout 12 min walk
- Barnard CollegeAbout 12 min walk
Museums
- Museum of African American CinemaAbout 11 min walk
- Nicholas Roerich MuseumAbout 21 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
Listing Courtesy of Compass
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.