$2,650,000
Updated 8 years ago
Off Market

3 East 124th Street

East Harlem, Manhattan | Fifth Ave & Madison Ave

2,994 Square FeetMulti-Family

$2,650,000
floors / apts4 / 4
Lot Size20'x100'
ZoneR6A
Building TypeTownhouse
RE Taxes$20,548
Price Per SF
$885

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 3 East 124th Street

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 3 East 124th Street. Located directly across the street from Marcus Garvey Park, the offering presents investors with the opportunity to own a gut renovated, 20’ wide brownstone on an iconic Harlem block. 3 East 124th Street is currently configured as four, floor-through, two bedroom apartments. This turn-key property boasts renovated common areas, a finished backyard for the garden unit, new boiler, in-unit washers and dryers and condo level finishes. Each apartment has their own HVAC unit on the roof and covers their own heat and electric. In 2001, 3 East 124th Street received a 20 year J-51 abatement entering the property into a regulatory agreement set to expire in 2021. 3 East 124th Street benefits greatly from its extremely close proximity to the 125th Street retail corridor, 2,3,4,5 & 6 subways and the Metro North Train Station. The property is just a block from the famous Red Rooster restaurant, a brand new Whole Foods and numerous national retailers.

Listing History for 3 East 124th Street

Now
05/15/2018
POM by Eric Roth
Cushman & Wakefield
2018

Building Details for 3 East 124th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/4
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
0.1 miles
Park Ave & E 124 St
0.15 miles

Contact Agents

Contact Agents

Eric Roth
Cushman & Wakefield
Jonathan Trock
Cushman & Wakefield
Robert Shapiro
Cushman & Wakefield

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

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: 71900TH