5 E 124TH Street #BUILDING Open House Save Request In-Person Tour Request Virtual Tour
Manhattan,NY 10035
OPEN HOUSE
Sun May 25, 10:00am - 3:30pm Tue May 27, 10:00am - 9:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision South Harlem
MLS Listing ID RLS20003175
Style Walk-Up
Bedrooms 8
Full Baths 8
HOA Fees $1,000/mo
HOA Y/N Yes
Year Built 1909
Property Sub-Type Triplex
Property Description
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.
Location
State NY
County New York
Building/Complex Name The Marcus
Rooms
Basement Other
Interior
Cooling Central Air
Fireplace No
Laundry Building Other
Exterior
Exterior Feature None,Private Outdoor Space Under 60 Sqft
View Y/N Yes
View City Lights,City,Park/Greenbelt,Panoramic
Porch None
Private Pool No
Building
Story 5
Entry Level Tri-Level
Level or Stories Tri-Level
New Construction No
Others
Ownership Rental Building
Monthly Total Fees $1,000
Special Listing Condition Standard
Pets Allowed Building Cats OK,Building Yes,Cats OK,Yes