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347 W 121st St, New York, NY, 10027

5beds
4baths
4,640sqft
$3,295,000
$710price/sqft
$21,249/moest. monthly cost
$849,960/yrincome needed

About This Home

Elegant Turnkey Townhouse on West 121st Street – A Rare Harlem Gem Must be seen in person. Nestled on the serene, tree-lined townhouse block in vibrant Western Harlem, this meticulously renovated 16-foot-wide, three-unit, free-market townhouse blends timeless charm with modern convenience. Recently renovated and upgraded, with modern electrical, plumbing, and radiant heating system throughout, this turnkey property is a great investment as an ideal owner-occupant home with reliable income, a pure investment property, or as a prime candidate for conversion to a stunning single-family home. All three units are leased with flexible 90-day lease break clauses in the event of a sale, offering unmatched versatility. Step inside to discover beautifully preserved architectural details—high ceilings, elegant moldings, and classic lines—that evoke the warmth and character of historic Harlem. The garden-level apartment features a spacious one-bedroom floor-thru with a large open kitchen, generous living/dining area, a full bath, and access to a lush, private garden; a tranquil retreat for urban dwellers. A bonus home office with washer/dryer in the basement adds practicality for remote work or creative pursuits. The parlor-level apartment boasts a bright one-bedroom layout with soaring ceilings, abundant natural light, and a deck with garden access, blending airy sophistication with everyday functionality. Upstairs, the third- and fourth-floor duplex offers a sprawling three-bedroom, two-bath retreat with an open kitchen, expansive living area, in-unit washer/dryer, and three generously sized bedrooms—perfect for families or those craving space. Designed for ease and efficiency, the property features separately billed electric and gas for each unit, radiant heating for year-round comfort, and a basement with ample storage currently reserved for the offsite owners. Solid construction ensures lasting value, while modern upgrades make this a move-in-ready opportunity for discerning buyers. Whether you’re drawn to the practicality of a low-maintenance, income-producing asset or enchanted by the preserved elegance and private green oasis, this townhouse is a rare find. Call to schedule a private tour today to experience the perfect balance of historic charm, modern luxury, and investment potential in one of Harlem’s most picturesque neighborhoods.

Getting Around

92
WalkingWalker's Paradise
100
TransitRider's Paradise
81
BikeVery Bikeable

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Hardwood
  • Fireplace: Yes

Interior Area

  • Total structure area: 4,640
  • Total interior livable area: 4,640 sqft

Property

Details

  • Parcel number: 01948000901
  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Courtyard,Balcony,Garden
  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $16,661$199,932
Home Insurance *$1,873$22,476
Property Taxes $1,949$23,388
Electricity $766$9,201
Total$21,249$254,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$728,537/yr
40% on housing$637,470/yr
45% on housing$566,640/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$710This listing

vs Other Active Listings

Avg $/sqft

ZIP 10027$603
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10027$620
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-06-25Listed for sale$3,350,000

For Sale by Agent

AgentMichael Sussilleaux
BrokerageCompass

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