353 W 120th St New York City, NY 10027

Move in-ready, Live-with-Income Townhouse with Exceptionally Low TaxesA rare opportunity just half a block from Morningside Park, this distinguished townhouse offers generous proportions, refined finishes, and abundant natural light in one of Upper Manhattan's most versatile neighborhoods. Rich in character and thoughtfully updated, the home blends elegant living spaces with exceptional flexibility, all surrounded by green space, culture, dining, and convenient transportation.Configured as an owner's triplex with two full-floor rental residences above, the property presents an ideal opportunity for end users and investors alike, including exceptionally low multi-family taxes. The owner's residence offers expansive entertaining areas, seamless indoor-outdoor living, and beautifully renovated interiors, while the upper floor-through units provide bright, comfortable layouts with strong rental appeal. Recent capital improvements include a new boiler, upgraded heating, and windows recently replaced. Move-in ready and highly versatile, this is a chance to own a true neighborhood townhouse with both lifestyle appeal and long-term investment value.Garden Floor - Owner's TriplexThe garden level serves as a serene private retreat with direct access to the approximately 850-square-foot garden. This floor includes two generous bedrooms in the front, large hallway storage closet and full bath. Access the garden through the spacious, rear primary suite along with an en-suite bathroom complete with a soaking tub and a spacious walk-in closet.Parlour Floor- Owner's TriplexThe parlour floor is the grand entertaining level of the owner's triplex, distinguished by exceptional scale, character, and soaring ceilings. A dramatic 60-foot-long living and dining area anchors the space and is complemented by a wood-burning fireplace and a modern, open kitchen. An additional flexible room can easily function as a bedroom, library, or home office depending on the owner's needs.CellarThe finished cellar level offers approximately 575 square feet of flexible space designed for storage, recreation, and everyday utility. This lower level includes a dedicated gym area, laundry with washer and dryer, and three separate utility rooms for electrical, boiler, and mechanical systems. Large windows bring in natural light, while ample storage is incorporated throughout the space for added convenience and organization.Third FloorThe third-floor rental unit is a spacious floor-through residence with northern garden views and a bright, airy feel throughout. At the front of the home, a pass-through kitchen connects to an spacious living and dining area accented by exposed brick detail and three oversized windows. Two quiet north-facing bedrooms are tucked away at the rear overlooking the garden, while a full bathroom and hallway utility closet complete the layout.Fourth Floor The fourth-floor rental unit is a sunny floor-through apartment with south-facing exposures and private outdoor access. The bright front living room is lined with three large south-facing windows that fill the home with abundant natural light. The layout includes a pass-through kitchen, a full hallway bathroom, and a generously sized entry foyer. At the rear, the primary suite enjoys direct access to a private terrace and features two closets, while an additional large hall closet and in-unit washer and dryer provide added practicality and comfort.