FOR SALE

5 124TH (Building)

New York, South Harlem, New York City, NY

Asking

$1,977,777

BTC

17.858

ETH

746.14

Beds
8
Baths
8
Year Built
1909

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.

LOADING

Location

Market Area
New York
Neighborhood
South Harlem

Agents

John O Santulli

+1 310 910 1722

Milenko Pekija

+1 310 910 1722

Contact Email

[email protected]