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5 East 124th Street
Apartment #BUILDING
$1,777,777 Price
8 Bedrooms   8.0 Baths
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Photo 1 of 5 East 124th Street Building, South Harlem, NYC, $1,777,777, Web #: 1107102200Previous PhotoNext Photo1 of 25

5 East 124th Street, South Harlem, NYC

Sensational Deal on the Marcus Great Cap RATE over 9.6% Please Call to request full financials and to schedule access Last showing will be Sunday 6/15...

Sensational Deal on the Marcus Great Cap RATE over 9.6% Please Call to request full financials and to schedule access Last showing will be Sunday 6/15 by appointment from 12:00-1:00 We are also showing by appointment up until Sunday at 1:00 Initial access to 1 unit, the common areas and the mechanicals. Final bids due 4:00 Sunday 6/15. Contracts will go out to winner Monday and the will have greater access with an inspector during the week of due diligence,. incredible cash flow During due diligence with current offers we uncovered additional Approved Rent Increases for Capital Improvements that will boost the cash flow. also over the last couple weeks they have been working on upgrades to the market rate units which have bumped their projected market value as well. Rare that more time and more questions uncover more value but this is a lucky case for the next owner.

Courtesy of Douglas Elliman Real Estate

Floorplan for 5 East 124th Street, BUILDING

Floorplan for 5 East 124th Street, BUILDING

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

South Harlem, NYC
Type:
Price: $1,777,777
Last Updated: 6/13/2025
Web ID: 1107102200

Info & Amenities

Rooms: 13.0
Bedrooms: 8
Bathrooms: 8.0
Built: 1909
Pets allowed: Yes

Map of Area for 5 East 124TH Street BUILDING

Get to Know Harlem

Located in Upper Manhattan, Harlem is a vibrant, historic New York neighborhood bounded by Central Park, East Harlem, Washington Heights, and Morningside Heights. Renowned for its rich array of shopping, dining, cultural, and entertainment offerings, the neighborhood is one of Manhattan's most well-known. Here, you can find everything from trendy eateries and nightclubs to theaters and jazz clubs that have had an indelible impact on New York City's history and culture.

More About Harlem

Neighborhood Guide to Harlem

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.