$3,950,000
Updated 7 years ago
Off Market

5 East 124th Street

Mt. Morris Park, Manhattan | Fifth Ave & Madison Ave

23 Rooms8 Beds8 Baths2,994 Square FeetIncome Property

$3,950,000
floors / apts5 / 10
Lot Size20'x100'10"
ZoneR6A
Building TypeTownhouse
RE Taxes$9,932
Price Per SF
$1,319

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 5 East 124th Street

Welcome to 5 East 124th Street an 8 unit Multi-Family perched upon Marcus Garvey Park right off of 5th avenue below 125th. This building is in a very sought after location for affluent buyers and investors 5 East 124th street can now be yours as a Single Family home, Live-plus income home, or strictly for investment. This four story brownstone is built 20 x 48 on a 101 foot lot with 3,840 square feet with an additional 1,000 square feet to use in the cellar for a rec rom, wince cellar, or to make a owners duplex or triplex, there are many options with this home. 5 east 124th has more than enough room if you want to expand on its 20 x 54 feet of garden space (1,080 square feet). This future home features hardwood floors, natural brick, A new roof, new gas heating system; in addition it is configured with seven one- bedroom apartments and one studio. Five units will be delivered vacant. This gives an excellent opportunity for owner occupancy with rentals. Rents in the neighborhood and for this location can easily pull up to $50 price per sq ft. This location is one block from Surrounded by local eateries various shopping, great restaurants, and transportation which include, Gucci and Dapper Dan's Bespoke Boutique, globally famed Apollo theater, "Bed Bath and Beyond", "Whole Foods" as well as local restaurants including the Michelin starred Sushi Inoue, famous Harlem Shake Restaurant, Celebrity Chef Marcus Samuelson's "Red Rooster" and " Mountain Bird", Cheri, Belle Harlem, Cecil's Steakhouse, Sylvia's, BLVD Bistro, Bsquared Harlem, Corner Social, Sottocasa Pizzeria, Maison Harlem, Settepani, Farm to table restaurant "Clay", Chez Lucienne, Shake Shack, Starbucks, Chipotle and many more. The trains are very close such as the 2,3,4,5, and 6 trains. All reasonable offers will be considered!

Listing History for 5 East 124th Street

Now
04/01/2019
POM by Siddiq Patterson
Corcoran
2019

Building Details for 5 East 124th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1909
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.23 miles
125 St
0.26 miles
116 St
0.47 miles
116 St
0.49 miles

Railroad

Harlem-125 StMetro-North Railroad
0.16 miles

Citi Bike

5 Ave & W 126 St
0.11 miles
Park Ave & E 124 St
0.15 miles

Contact Agent

Contact Agent

Mt. Morris Park | Manhattan

Quick Profile

Central Harlem is an enclave filled with cultural landmarks, gilded age brownstones and a vibe you don’t find in many neighborhoods these days. Mount Morris Park Historic District, located in west central Harlem, is a vibrant neighborhood with tree-lined streets and gorgeous brownstones. The large 16-block section is the byproduct of Harlem’s first building boom and should not be confused with Mount Morris Park, which is a 20-acre park that was renamed Marcus Garvey Memorial Park in 1977. What can we say? Sometimes gentrification complicates things.

The boundaries of Mount Morris Park Historic District are West 118th and West 124th Streets, Fifth Avenue, and Adam Clayton Powell Jr. Boulevard. The neighborhood was designated a historic district by the New York City Landmarks Preservation Commission in 1971. Architectural buffs will be enamoured by the neighborhood's handsome architecture that includes late 19th- and early 20th century row houses designed in the Romanesque Revival, neo-Grec and Queen Anne style.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 73880TH