Hot Deal

5 E 124th St Unit Building, New York, NY 10035

Last Updated: March 7, 2025

5 E 124th St Unit Building, New York, NY, 10035

Asking price$ 2,100,000

Hot Deal

FEB 14, 2025

Multi Family Home

Asking price

$2,100,000

5 E 124th St Unit Building

    
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Asking price

$2,100,000

New York, NY 10035

—

New York County

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Property details for 5 E 124th St Unit Building

Status

Unmonitored

Days on market

28 days

Type

Multi Family Home

Zoning Districts

R6A

125th

Year Built

1909

Stories

Flood Factor

1 / 10

The description and property data below may have been provided by a third party, the homeowner or public records.

Prime Investment Opportunity Overlooking Marcus Garvey Park - A Rare Multi-Family Brownstone in a Transforming Harlem 5 East 124th Street presents a once-in-a-generation opportunity to own a true Harlem brownstone on a landmarked, park-facing block, with built-in long-term upside in one of Manhattan''s most rapidly appreciating neighborhoods. Located directly across from Marcus Garvey Park, this four-story, 8-unit brownstone offers a front-row seat to Harlem''s ongoing renaissance. Investors and owner-occupiers alike will benefit from the property''s unmatched combination of location, scale, and long-term potential-where protected zoning ensures the park''s open southern light and historic charm remain unchanged forever. Investment Highlights 8 Rent-Stabilized Units - Immediate income with future upside 3 Vacant Units at Closing - Ideal for owner-occupancy or value-add opportunities 5 Renovated Units - Providing modern convenience while maintaining pre-war charm Strong Rent Roll ($200K+) & 5.33% Cap Rate - Excellent cash flow in an appreciating market Low Annual Taxes ($11K) - Favorable holding costs enhance long-term profitability Historic Brownstone, Modernized for Today Built in 1909, this classic Harlem brownstone retains its pre-war details while featuring modern renovations (2017). The true 4-story brownstone sits on a 20'' x 100.92'' lot and is built 20'' x 48'', offering approximately 3, 840 SF of livable space. For buyers looking to combine investment with luxury living, the parlor-level unit offers a private backyard, while the top-floor penthouse boasts iconic park views-perfect for an end-user or high-end rental. The Neighborhood: Unstoppable Growth & Unmatched Lifestyle This coveted landmarked district is experiencing major development while maintaining the timeless charm of Harlem''s most historic streetscape. Just steps from Whole Foods, Trader Joe''s, and top-tier dining, the property is also within easy reach of major transportation hubs: 2 Blocks to 2, 3, 4, 5, 6 Subway Lines 3 Minutes to Metro-North Quick Access to Columbia University, Upper East & West Sides, and Midtown Why Harlem? Why Now? Harlem has emerged as a top destination for long-term real estate appreciation, with rising property values, luxury developments, and a cultural revival that makes it one of NYC''s most exciting investment markets. With limited housing inventory on this protected historic park block, 5 East 124th Street stands out as a rare acquisition for investors seeking both immediate returns and long-term value growth. This is not just an investment-it''s a chance to own a piece of Harlem''s history with guaranteed long-term upside in an area where demand is surging, but supply remains limited. Seize this opportunity to invest in one of Manhattan''s most storied and evolving neighborhoods. Contact us today for a private tour of this one-of-a-kind Harlem brownstone!

Property features

Bathrooms

Full Bathrooms:
Full Bathrooms:
8
8

Bedrooms

Bedrooms:
Bedrooms:
8
8

Multi-Unit Info

Number of Units:
Number of Units:
8
8

Other Rooms

Total Rooms:
Total Rooms:
13
13

Amenities and Community Features

CoolingSystem
Storage

Homeowners Association

Association Fee Frequency:
Association Fee Frequency:
Monthly
Monthly
Association Fee:
Association Fee:
1000
1000
Association:
Association:
Yes
Yes
Calculated Total Monthly Association Fees:
Calculated Total Monthly Association Fees:
1000
1000

Other Property Info

Annual Tax Amount:
Annual Tax Amount:
10992
10992
Source Listing Status:
Source Listing Status:
Active
Active
Source Property Type:
Source Property Type:
MultiFamily
MultiFamily
Source System Name:
Source System Name:
C2C
C2C

Building and Construction

Building Name:
Building Name:
The Marcus
The Marcus
Levels or Stories:
Levels or Stories:
5
5
New Construction:
New Construction:
Yes
Yes
Property Age:
Property Age:
116
116
Year Built:
Year Built:
1909
1909

Primary Land Use and Tax Lot Information

for 5 E 124th St Unit Building

Lot Map

5 EAST 124 STREET, 10035

Building Info

DOB Overview:

View Details
Building Class:

C1
Walk Up Apartments: Over Six Families Without Stores
Year Built:

1909
Number of Buildings:

1
Floors on Main Building:

3
Building Dimensions:

20'48'
Actual Square Footage:

2,994
Calculated Square Footage:

2,880
Residential Floor Area:

2,994
Total Units:

8
Residential Units:

8
Extension:

None
Basement:

Above grade full basement
Proximity:

Attached

Lot Info and Address

Address:

5 EAST 124 STREET
Zip Code:

10035
Borough:

Manhattan (1)
Block — Lot:

1749 — 6
BBLE:

1017490006
Lot Buildings:
BIN

Name

1053999 5 EAST 124 STREET
Ownership:
Land Use:

02
Multi-Family Walk-Up Buildings
Lot Dimensions:

20'100.92'
Calculated Lot Perimeter:

247.83 ft
Acres:

0.05
Lot Area:

2,018
Lot Type:

Inside

Zoning and FAR

Zoning Districts:

R6A
Moderate-density residence district
Special Purpose Districts:

125th
Special 125th Street District
DCP Zoning Map:

View Details
Actual FAR:

1.48
Max Residential FAR:

3
Max Commercial FAR:

0
Max Facility FAR:

3
Max Residential Sqft:

6,054
Buildable Residential Sqft:

3,060
Residential Area Distribution:

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Real Property Records

for 5 E 124th St Unit Building

Document Date	Document Type	Unit	Amount

Personal Property Records

for 5 E 124th St Unit Building

Recorded Date	Document Type	Unit	Amount

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Property Price History

for 5 E 124th St Unit Building

Date	Event	Price	Price/Sqft	Source
Feb 14, 2025	Listed	$2,100,000	—	DouglasElliman

Sold Homes

near 5 E 124th St Unit Building

Address	Price	Built	Beds	Baths	Sqft	Lot Size	Distance
439 E 116th St New York, NY 10029MF	$1,550,000 02/05/2025	1900	4	4	2,660 -334difference	1,917	0.82 mi
439 E 116th StMF New York, NY 10029 1900 Built 2,660 -334 Sqft 1,917 Lot Size 0.82 mi Distance

Homes For Sale

near 5 E 124th St Unit Building

Address	Price	Built	Beds	Baths	Sqft	Lot Size	Distance
323 E 158th St Bronx, NY 10451MF	$1,450,000 35 days ago	1899	9	5	2,800 -194difference	2,525	1.79 mi
323 E 158th StMF Bronx, NY 10451 1899 Built 2,800 -194 Sqft 2,525 Lot Size 1.79 mi Distance
329 E 118th St New York, NY 10035MF	$1,900,000 91 days ago	1900	9	4	3,252 +258	1,655	0.64 mi
329 E 118th StMF New York, NY 10035 1900 Built 3,252 +258 Sqft 1,655 Lot Size 0.64 mi Distance

Schools

serving 5 E 124th St Unit Building

School Name	Rating	Grades	Parent Rating	Distance
Harlem Village Academy West 2 Charter School 74 West 124th Street, New York, NY 10027	10 / 10	K−4		0.20 mi
K−4 Grades Parent Rating 0.20 mi Distance
Great Tomorrows USA School 38 W 123rd St, New York, NY 10027	—	K−11		0.18 mi
K−11 Grades Parent Rating 0.18 mi Distance
Storefront Academy Harlem (formerly The Children's Storefront) 70 East 129th Street, New York, NY 10035	—	PK−8		0.27 mi
PK−8 Grades Parent Rating 0.27 mi Distance
Ps 30 Hernandez Hughes 144-176 E 128TH ST, New York, NY 10035	6 / 10	K−5		0.35 mi
K−5 Grades Parent Rating 0.35 mi Distance
Urban Assembly-Global Commerce 2005 Madison Avenue, New York, NY 10035	5 / 10	9−12		0.20 mi
9−12 Grades Parent Rating 0.20 mi Distance
Harlem Children's Zone Promise Academy II Charter 2005 Madison Avenue, New York, NY 10035	6 / 10	K−12		0.20 mi
K−12 Grades Parent Rating 0.20 mi Distance
Harlem Renaissence High School 22 East 128th Street, New York, NY 10035	1 / 10	9−12	—	0.18 mi
9−12 Grades — Parent Rating 0.18 mi Distance
Great Tomorrows Usa 38 West 123rd Street, New York, NY 10027	—	K−11	—	0.22 mi
K−11 Grades — Parent Rating 0.22 mi Distance
Ps 79 Horan School 55 East 120th Street, New York, NY 10035	—	6−12		0.22 mi
6−12 Grades Parent Rating 0.22 mi Distance
Urban Assembly Academy for Future Leaders 509 West 129th Street, New York, NY 10027	2 / 10	6−8		0.98 mi
6−8 Grades Parent Rating 0.98 mi Distance

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School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Flood Factor

for 5 E 124th St Unit Building

1 ^|10

Minimal

FEMA Zone (Est.)

X (unshaded)

Flood insurance:

Recommended

Flood risks are increasing as sea levels rise and weather patterns change.

This property has a Minimal Flood Factor .
Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Flood Factor data provided by FloodFactor.