Price Reduced 5.82%

$1,977,777

Est. Mortgage $10,131/mo *

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Listing courtesy of Douglas Elliman Real Estate Phone: (212) 891-7000

Price History

$2,100,000
2/13/2025

$1,950,000
3/28/2025

$1,899,999
4/25/2025

$1,888,888
4/27/2025

$1,977,777
5/16/2025

5 E 124TH Street, #BUILDING, New York, (South Harlem), NY, 10035

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13 rooms

8 beds

8 Full baths

1909

Walk-Up

Investor Alert: 7.7% Cap - 3 Units Now Delivered Vacant!

5 East 124th Street Harlem Park Block Brownstone

Now delivering $272,972/year in gross rent and positioned for even more upside, this 8-unit brownstone directly faces Marcus Garvey Park on one of Harlem's most iconic and landmarked blocks.

7.7% projected Cap Rate
3 vacant units ready for repositioning at market rents
5 renovated units blending modern upgrades with historic charm
6 stabilized + 2 market-rate units for balance and growth
Low property taxes - just $11K annually
4 stories, 3,840 SF on a 20" x 100.92" lot
Projected pro forma rents north of $280K

Steps from Whole Foods, Trader Joe's, and the 2/3/4/5/6 trains, this asset sits at the crossroads of Harlem's cultural revival and real estate transformation.

Call now for a fresh setup sheet and full income/expense breakdown.

This is your chance to secure a high-performing, park-facing Harlem classic with serious long-term value.

Status:

Active

Town:

New York

Type:

Multi-family

Laundry Remarks:

Building Other

Units:

Zoning:

null

Subdivision:

The Marcus

Cooling:

Central Air

Basement:

Other

Levels:

Common Charge:

$1,000 Monthly

HOA Fee

$1,000

View Description:

City Lights,City,Park/Greenbelt,Panoramic

Days on Market:

Pet Policy:

Building Cats OK, Building Yes, Cats OK, Yes

MLS #:

RLS20003175

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Price History

5 E 124TH Street, #BUILDING, New York, (South Harlem), NY, 10035

Community Info

School Info

Walk Score

Mass Transit

Yelp

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$1,998,000

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$1,995,000

474 W 145th Street, New York, (Hamilton Heights), NY, 10031

$1,995,000

211 MADISON Avenue, #16B, New York, (Murray Hill), NY, 10016

$1,875,000

25 W 54TH Street, #11E/12F, New York, (Midtown), NY, 10019

$1,995,000

62 W 83RD Street, #4, New York, (Upper West Side), NY, 10024

$2,150,000

380 LENOX Avenue, #PH12A, New York, (Central Harlem), NY, 10027

$1,795,000

380 LENOX Avenue, #PH12E, New York, (Central Harlem), NY, 10027

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$2,099,000

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5 W 120TH Street, #1, New York, (South Harlem), NY, 10027

$1,795,000

145 NASSAU Street, #8A, New York, (Fulton/Seaport), NY, 10038

$2,120,000

1025 5TH Avenue, #11C/N, New York, (Upper East Side), NY, 10028

$1,850,000

111 E 75TH Street, #PHB, New York, (Lenox Hill), NY, 10021

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870 5TH Avenue, #4/5C, New York, (Lenox Hill), NY, 10065

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88 MESEROLE Avenue, #1B, Brooklyn, (Greenpoint), NY, 11222

$1,800,000

335 East 18th Street, Brooklyn, (Ditmas Park), NY, 11226

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350 2ND Street, #6A, Brooklyn, (Park Slope), NY, 11215

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207 Edgecombe Avenue, New York, (Hamilton Heights), NY, 10030

$2,275,000

114A Hart Street, Brooklyn, (Bedford Stuyvesant), NY, 11206

$1,700,000

18-60 Flushing Avenue, ##Townhouse, Queens, (Ridgewood), NY, 11385

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380 LENOX Avenue, #PHK, New York, (Central Harlem), NY, 10027

$2,250,000

540 West 140th Street, New York, (Hamilton Heights), NY, 10031

$2,249,000

21-12 22ND Drive, #HOUSE, Queens, (Ditmars Steinway), NY, 11105

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5 E 124TH Street, #BUILDING, New York, (South Harlem), NY, 10035

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