114 W 124TH Street #TH
MLS® #RLS20062709
Listing by Serhant
8
Bedrooms
4
Baths
4,000
Sq. Ft.
1910
Year Built
Quick Summary
Property Highlights
- Views: Other
- Exposure: North,South facing
- Outdoor Space: Patio, Balcony
Property Details
Description
Turnkey Boutique Four-Unit Luxury Investment
8 Bedrooms 4 Bathrooms 4,000+ SF Free-Market Rents
Presenting 114 West 124th Street, a 19-foot-wide, south-facing townhouse located in prime Harlem, within a Qualified Opportunity Zone and configured with free-market tenancy. Fully renovated from the inside out, this turnkey asset offers flexibility for an end user or investor seeking both income and long-term upside.
The building is configured with four full-floor, two-bedroom residences. The garden and parlor-level apartments provide direct access backyard and patio, offering exceptional indoor-outdoor living. There are also unused air rights, creating future expansion potential and additional value.
A rare opportunity to acquire a fully stabilized, income-producing townhouse in one of Manhattan's most culturally rich and investor-favored neighborhoods.
Investment Overview
- Stabilized Luxury Asset: Well maintained, free-market multifamily townhouse featuring four fully leased residences. The property currently operates at an approximate 4.5 Cap Rate, with a clear path to enhanced returns approaching 6.5 Cap Rate through optimization strategies.
- Generous Building Scale: Offering over 4,000 square feet of thoughtfully designed living space, highlighted by lofty ceiling heights and well-proportioned layouts across every level.
- Premium Interior Buildout: Residences showcase refined materials and modern systems, including hardwood flooring, exposed brick elements, contemporary HVAC climate control, chef-caliber kitchens with high-end appliances, and in-unit laundry in every apartment.
- Wide Townhouse Presence: Approximately 19 feet of street frontage, providing a rare and attractive brownstone profile.
- Private Outdoor Amenity: A sizable rear garden creates a tranquil setting for private use or entertaining - an increasingly valuable feature in the rental market.
- Future Expansion Potential: Significant unused development rights offer flexibility for vertical expansion or unit reconfiguration, including potential conversion to larger three-bedroom layouts or live/work concepts.
- Efficient Operations: Individually metered utilities and modern infrastructure contribute to low operating and management expenses, enhancing net returns.
- Exceptional Harlem Location: situated at the end of the block of Whole Foods and the 2/3 express subway, with the Apollo Theater two blocks away. Surrounded by Lenox Avenue's dining and cultural corridor, tree-lined brownstone streets, Marcus Garvey Park, and close proximity to Central Park, this location combines daily convenience with long-term demand drivers.
Unit Configuration:
- Garden Level: 1,000 SF + 420 SF private garden
- Parlor Level: 1,000 SF + two private outdoor spaces totaling 650 SF (balcony & patio)
- Second Floor: 1,000 SF
- Third Floor: 1,000 SF
Building Specifications
- Year Built: 1910
- Zoning: C4-4
- Lot Size: 1,892 SF
- Lot Dimensions: 100.92' x 18.75'
- Building Footprint: 18.75' frontage x 46.00' depth
- Max Zoning Floor Area: 6,508 SF
- Existing Built Area: 2,664 SF
- Remaining Development Potential: Approx. 3,844 SF
- Compliance Status: Free of any open DOB or municipal violations
All showings are by appointment only, please contact us to schedule a viewing 48hrs in advance. All units are occupied
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
About South Harlem
View All South Harlem ListingsSouth Harlem, often called 'SoHa,' has become one of Upper Manhattan's most sought-after areas due to its proximity to Central Park North and Columbia University. The neighborhood features a stunning array of restored brownstones and a vibrant restaurant scene along Frederick Douglass Boulevard. The real estate market is a mix of high-end new construction condominiums and historic cooperatives that offer a sophisticated lifestyle at the intersection of Harlem and the Upper West Side.
South Harlem Live Market Data
View NeighborhoodActive Listings
51
Median Asking Price
$1.10M
Median $/Sqft
$951
Avg Days on Market
N/A
New This Week
1
Price Reduced
41%
Sold (30 Days)
2
Median Sale Price
$605K
Live data from RLS at REBNY • Updated 2/16/26, 2:18 AM EST
Similar Listings in South Harlem
View AllLocation
114 W 124TH Street #TH, South Harlem, New York County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Listing Courtesy of Serhant - Natalia Rawska
Listing Contact: (631) 377-2756
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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 7:18 AM UTC