This property is a 25’ wide, five (5) story building containing fifteen (15)
rent stabilized units. The building contains ten (10) railroad apartments and
five (5) two-bedroom units located in the building’s rear. Four (4) units will
be delivered vacant and two (2) apartments that are owner occupied will have
rents set at market level. Steps away from Harlem ’s primary commercial
corridor, 125th Street , the building is located in an area that has undergone
rapid development. Its close proximity to the Lexington Avenue subway station
(4-5-6 trains), the FDR Drive and the Triborough Bridge provides easy access to
all Manhattan and outer borough locations in a matter of minutes. The property
is adjacent to a recent condominium conversion and is steps away from 3 brand
new rental buildings. 208 East 124th Street also enjoys the convenience of being
steps away from Pathmark and the Gotham Plaza retail strip. Offering an
accessible, central location and readily extractable upside, 208 East 124th
stands out as a premier East Harlem investment opportunity.
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Neighborhoods: Harlem