--- title: "114 West 124th Street #TH, New York City, NY 10027" description: "114 West 124th Street #TH, New York City, NY 10027 — Townhouse in South Harlem, Manhattan, NY. Listing Price $2,940,000. Price Reduced: Reduced $345,000 (10.5%) from $3,285,000 on October 27, 2026. 8 bed, 4 bath, 4,000 sqft Illustrative Buyer Commission Share of $44,100 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/114-west-124th-street-th-TH-ny-10027" source: "Real Estate Rebate Team" dateModified: "2026-11-09T17:20:50.798Z" status: "Active" --- # 114 West 124th Street #TH, New York City, NY 10027 Townhouse in South Harlem, Manhattan, NY Courtesy of Serhant Last updated: November 9, 2026, 12:20 PM ## At a Glance - **Listing Price**: $2,940,000 - **Price Reduced**: Reduced $345,000 (10.5%) from $3,285,000 on October 27, 2026 - **Beds**: 8 - **Baths**: 4 - **Sqft**: 4,000 - **Price per Sqft**: $735 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares up to 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $2,940,000 - **Illustrative Buyer Commission Share**: -$44,100* - **Illustrative Net Cost**: $2,895,900 *Illustrative Buyer Savings of $44,100 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![114 West 124th Street #TH, New York City, NY 10027 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8e7627cf-9f2d-4e42-8181-10bbb22dad3e.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b4393a44-1925-4a61-8457-d93e01e067b8.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e4f7ae65-2895-4a67-a3c9-93ea3a3c2f8b.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9d7309f0-f240-43d7-9303-8c6510bb6cee.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dcbf19b9-b4a4-4a75-8fdb-a12c2cc194a7.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0a7147bd-0db2-48cd-91a3-370c98245089.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7228fe38-a560-4d97-9023-c6a75ee84840.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/38154808-f755-4484-a8b0-baed67275fc2.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c82affdc-3f51-4694-bc64-b28ec4daba3d.jpg) ![114 West 124th Street #TH, New York City, NY 10027 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e5cb9839-6006-45c7-a960-b7c6b1c77fc4.jpg) ## Property Overview 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 4.71 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 ## Property Details - **Property Type**: Apartment - **Beds**: 8 - **Baths**: 4 - **Rooms**: 12 - **Sqft**: 4,000 sqft - **Stories**: 4 - **Year Built**: 1910 - **Price per Sqft**: $735 - **Listed On**: Dec 7, 2025 - **Days on Market**: 341 Days ### Residence Features - Washer Hookup - In Unit - Balcony - Garden - Private Outdoor Space Over 60 Sqft - Dining Area - High Ceilings - Dishwasher - Washer Dryer Allowed ## Estimated Monthly Payment **$14,866 / month**, assuming a 20% down payment ($588,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $14,866 No property tax figure is available for this home, so property taxes are not included. Estimates only. Actual payments may vary. Confirm terms with your lender. ## Price and Property History for 114 West 124TH Street, Unit TH Review the recorded listing activity for 114 West 124TH Street, Unit TH, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $345,000, or 10.5%, on October 27, 2026 - **Originally listed**: December 7, 2025 at $3,285,000 - **Current asking price**: $2,940,000 | Date | Price | Listing event | | --- | --- | --- | | October 27, 2026 | $2,940,000 | Asking price reduced by $345,000, or 10.5% | | December 7, 2025 | $3,285,000 | Listed for sale by Serhant | ## Property Tax History Taxes at 114 West 124th Street #TH are estimated at $7,827 in 2026, up 4.9% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $291,600 | $98,550 | $193,050 | $62,618 | $7,827 | 12.5% (estimated) | | 2025 (FY 2025/26) | $243,000 | $98,550 | $144,450 | $59,961 | $7,459 | 12.439% | | 2024 (FY 2024/25) | $304,020 | $98,550 | $205,470 | $55,520 | $6,940 | 12.5% | | 2023 (FY 2023/24) | $253,350 | $98,550 | $154,800 | $51,410 | $6,427 | 12.502% | | 2022 (FY 2022/23) | $274,500 | $98,550 | $175,950 | $48,168 | $5,909 | 12.267% | | 2021 (FY 2021/22) | $243,900 | $98,550 | $145,350 | $48,168 | $5,893 | 12.235% | | 2020 (FY 2020/21) | $236,700 | $98,550 | $138,150 | $46,124 | $5,658 | 12.267% | | 2019 (FY 2019/20) | $220,050 | $98,550 | $121,500 | $42,708 | $5,327 | 12.473% | | 2018 (FY 2018/19) | $39,546 | — | — | $39,546 | $4,988 | 12.612% | | 2017 (FY 2017/18) | $37,052 | — | — | $37,052 | $4,713 | 12.719% | | 2016 (FY 2016/17) | $37,052 | — | — | $37,052 | $4,777 | 12.892% | | 2015 (FY 2015/16) | $35,480 | — | — | $35,480 | $4,571 | 12.883% | | 2014 (FY 2014/15) | $32,853 | — | — | $32,853 | $4,223 | 12.855% | | 2013 (FY 2013/14) | $30,420 | — | — | $30,420 | $3,999 | 13.145% | | 2012 (FY 2012/13) | $28,502 | — | — | $28,502 | $3,757 | 13.181% | | 2011 (FY 2011/12) | $28,502 | — | — | $28,502 | $3,829 | 13.433% | | 2010 (FY 2010/11) | $27,293 | — | — | $27,293 | $3,644 | 13.353% | The FY2026/27 figure is a carried-forward estimate, calculated with an earlier year's published rate. The City Council adopted FY2026/27 rates in June 2026, but they may still be revised under a later State law, and this table has not yet been updated with a final FY2026/27 rate. Every rate without the Estimated marker is the published rate for its year. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Assessed and billable values are from the New York City Department of Finance assessment roll for tax lot 1019080040. The City determines them for tax purposes; they are not an appraisal or an estimate of market value. Property tax is calculated from NYC Department of Finance assessment data, including recorded exemptions and abatements where applicable. Actual tax bills and a future buyer's taxes may differ. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 114 West 124th Street South Harlem · Townhouse 114 West 124th Street, New York, NY 10027 A building in South Harlem, currently featuring 1 active listing. - **Year Built**: 1910 - **Active Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/114-west-124th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [TH](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/114-west-124th-street-th-TH-ny-10027) | 8 | 4 | 4,000 sqft | $735 | $2,940,000 (-10.5%) | Serhant | Dec 7, 2025 | 340 days | ## South Harlem Overview of South Harlem [Explore South Harlem](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/south-harlem) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby South Harlem - [Morningside Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) - [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) ## Related Links - [114 West 124TH Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/114-west-124th-street) - [South Harlem neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/south-harlem) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.