5 E 124th Street Building New York City, NY 10035

<p> <strong>Cap Rate Potential Over 7%</strong></p> <strong></strong> <p> <strong>Prime Investment Opportunity Overlooking Marcus Garvey Park - A Rare Multi-Family Brownstone in a Transforming Harlem</strong> </p> <p> <strong>5 East 124th Street</strong> presents a once-in-a-generation opportunity to own a <strong>true Harlem brownstone</strong> on a <strong>landmarked, park-facing block</strong>, with <strong>built-in long-term upside</strong> in one of Manhattan's most rapidly appreciating neighborhoods.</p> <p>Located directly across from <strong>Marcus Garvey Park</strong>, this <strong> four-story, 8-unit brownstone</strong> offers a front-row seat to Harlem's ongoing renaissance. Investors and owner-occupiers alike will benefit from the property's <strong>unmatched combination of location, scale, and long-term potential</strong>-where protected zoning ensures the park's <strong>open southern light and historic charm remain unchanged forever.</strong></p> <strong>Investment Highlights</strong> <ul> <li> <strong>6 Rent-Stabilized Units</strong> - Immediate income with future upside </li><li> <strong>2 Vacant Units at Closing</strong> - Ideal for owner-occupancy or value-add opportunities </li><li> <strong>5 Renovated Units</strong> - Providing modern convenience while maintaining pre-war charm </li><li> <strong>Strong Rent Roll with room to grow ($180K+) & over 7% Cap Rate</strong> - Excellent cash flow in an appreciating market </li><li> <strong>Low Annual Taxes ($11K)</strong> - Favorable holding costs enhance long-term profitability </li></ul> <strong>Historic Brownstone, Modernized for Today</strong> <p>Built in <strong>1909</strong>, this classic Harlem brownstone <strong>retains its pre-war details</strong> while featuring <strong>modern renovations (2017)</strong>. The <strong>true 4-story brownstone</strong> sits on a <strong>20' x 100.92' lot</strong> and is built <strong>20' x 48'</strong>, offering approximately <strong>3,840 SF</strong> of livable space.</p> <p>For buyers looking to <strong>combine investment with luxury living</strong>, the <strong>parlor-level unit</strong> offers a <strong>private backyard</strong>, while the <strong>top-floor penthouse</strong> boasts iconic park views-perfect for an <strong> end-user or high-end rental</strong>.</p> <strong>The Neighborhood: Unstoppable Growth & Unmatched Lifestyle</strong> <p>This coveted <strong>landmarked district</strong> is experiencing <strong>major development</strong> while maintaining the timeless charm of Harlem's most historic streetscape. Just steps from <strong>Whole Foods, Trader Joe's, and top-tier dining</strong>, the property is also within easy reach of <strong>major transportation hubs</strong>:</p> <ul> <li> <strong>2 Blocks to 2, 3, 4, 5, 6 Subway Lines</strong> </li><li> <strong>3 Minutes to Metro-North</strong> </li><li> <strong>Quick Access to Columbia University, Upper East & West Sides, and Midtown</strong> </li></ul> <strong>Why Harlem? Why Now?</strong> <p>Harlem has emerged as a top destination for <strong>long-term real estate appreciation</strong>, with <strong>rising property values, luxury developments, and a cultural revival</strong> that makes it one of NYC's most exciting investment markets. With limited housing inventory on this <strong>protected historic park block</strong>, 5 East 124th Street stands out as a <strong>rare acquisition for investors seeking both immediate returns and long-term value growth</strong>.</p> <p>This is <strong>not just an investment</strong>-it's a chance to own a piece of Harlem's history with <strong>guaranteed long-term upside</strong> in an area where demand is surging, but supply remains limited.</p> <p> <strong>Seize this opportunity to invest in one of Manhattan's most storied and evolving neighborhoods.</strong></p> <p>Contact us today for a private tour of this one-of-a-kind Harlem brownstone!</p>