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New York, South Harlem, New York City, NY
$1,977,777
17.858
746.14
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.
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7.7% projected Cap Rate
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3 vacant units ready for repositioning at market rents
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5 renovated units blending modern upgrades with historic charm
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6 stabilized + 2 market-rate units for balance and growth
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Low property taxes - just $11K annually
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4 stories, 3,840 SF on a 20" x 100.92" lot
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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.
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Location
Agents
+1 310 910 1722
+1 310 910 1722