114 W 124TH Street TH
$2,940,000
MLS# RLS20062709 · South Harlem
Originally listed at $3,285,000. Price last reduced on October 27, 2026.
Listed December 7, 2025 · 340 days on the market
8 Beds 4 Baths 4,000 Sq.Ft.
About This Property
Turnkey Boutique Four-Unit Luxury Investment8 Bedrooms 4 Bathrooms 4,000+ SF Free-Market RentsPresenting 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 4.71 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
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Serhant.
Three stories of about 1,000 square feet each, high ceilings, hardwood flooring and exposed brick give this 19-foot-wide townhouse its character, and it dates to 1910. Living across several floors gives you more separation than most apartments do, though it also means there are stairs between levels.
The listing describes the house as south-facing, and that's what matters for light. In winter, a south window gets about 8.5 hours of direct sun, from 7:41 AM to 4:07 PM. At the summer solstice it gets about 6.1 hours, from 9:55 AM to 4:01 PM. Those figures assume an open horizon, and nearby buildings can block some of that sun.
The outdoor space is one of the strongest parts of the house. The garden level has a 420-square-foot private garden, and the parlor level has a balcony and a patio totaling 650 square feet. Having a garden and two more outdoor spaces on different levels means you won't have to choose one place to sit outside.
Inside, there's a dining area and a dishwasher, which make everyday cooking and hosting easier. There's also a washer and dryer in the unit, so you don't have to leave the house to do laundry.
On the transit side, the 2 and 3 trains at 125th Street are about 2 minutes on foot, and the A, B, C and D trains at the same stop are about 10 minutes away. Marcus Garvey Park is about 4 minutes on foot. Whole Foods Market is about 1 minute away, Trader Joe's is about 2 minutes, and the Apollo Theater is about 7 minutes.
Quick answers+
Does the home have in-unit laundry?
Yes. There's a washer and dryer in the unit.
Does the home have private outdoor space?
Yes. There's a 420-square-foot private garden on the garden level, and the parlor level has a balcony and a patio totaling 650 square feet.
Does the home have a dishwasher?
Yes. There's a dishwasher in the home.
Curtis Bain
Brown Harris Stevens
Property Features
Home features
- Washer/dryer in unit
- View
- Dishwasher
- Dining area
- High ceilings
- Balcony
- Private garden
- Private outdoor space (over 60 sq ft)
- Patio
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$14,866 / month
- Principal and interest$14,866
Due at closing
- Down payment (20%)$588,000
- NYS “mansion tax” (1.25%)$36,750
- Mortgage recording tax (1.925%)$45,276
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
114 W 124TH Street is a 3-story two-family dwelling in South Harlem, completed in 1910 and home to 2 residential units. The most recent major alteration on record was in 2006.
The closest subway is 125 St (2, 3), about a 2-minute walk. Marcus Garvey Park is roughly 4 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1910
- Stories
- 3
- Units
- 2
- Building Type
- Two-Family Dwelling
Location & Nearby
Map
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114 W 124TH Street TH
Subway
- 23125 StAbout 2 min walk
- 23116 StAbout 10 min walk
- ABCD125 StAbout 10 min walk · Accessible
- BC116 StAbout 12 min walk
Parks
- Marcus Garvey ParkAbout 4 min walk
- St. Nicholas ParkAbout 11 min walk
- Playground One Twenty Five CXXVAbout 12 min walk
Public schools · Elementary schools
- Harlem Village Academy West Charter School · CharterAbout 2 min walk
- Future Leaders Institute Charter School · CharterAbout 3 min walk
- P.S. 242 - The Young Diplomats Magnet AcademyAbout 3 min walk
Middle schools
- Mott Hall IIAbout 6 min walk
- New Design Middle SchoolAbout 6 min walk
High schools
- Harlem Renaissance High SchoolAbout 9 min walk
- The Urban Assembly School for Global CommerceAbout 11 min walk
Colleges & universities
- New York College of Podiatric MedicineAbout 10 min walk
- Touro UniversityAbout 19 min walk
- Teachers College, Columbia UniversityAbout 20 min walk
- Columbia UniversityAbout 21 min walk
Museums
- Museum of African American CinemaAbout 4 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
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Gallery
Property Photos
Listing Courtesy of Serhant
This 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.