Commercial condominium · Harlem, Manhattan

117 West 124th Street

New York, NY 10027

117 West 124th Street is a 6-floor commercial condominium in Harlem, Manhattan, built in 2017, with about 43,000 square feet of office space according to city records.

Also at 112-118 West 125th Street.

Office space: 43K SF
Floors: 6
Year built: 2017
Zoning: C6-3

Office space next to its nearest neighbors

105 West 125th Street1 min walk142K SF
132 West 125th Street1 min walk101K SF
117 West 124th StreetThis building43K SF

The 17th largest of the 19 office buildings we track in Harlem. Compare it with 6 neighbors

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Compared with its neighbors

How 117 West 124th Street compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, 117 West 124th Street is the smallest by office floor area. Built in 2017, it is the newest of them. Its estimated property tax, about $5.45 a square foot of floor area before abatements, is below the neighbors' median of $10.85.

117 West 124th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
Building	Office space	Floors	Built	Tax / SF	Last sale
117 West 124th StreetThis building	43K SF	6	2017	$5.45	n/a
132 West 125th Street1 min walk	101K SF	6	1940	$10.79	n/a
105 West 125th Street1 min walk	142K SF	10	2001	Exempt	n/a
125 West 125th Street2 min walk	231K SF	19	1972	Exempt	n/a
55 West 125th Street3 min walk	181K SF	15	1974	$11.78	Jan 2006, $75M (3 lots)
Theresa Towers, 2082 Adam C Powell Boulevard3 min walk	151K SF	12	1913	$10.91	n/a
2108 Adam C Powell Boulevard3 min walk	73K SF	7	1903	$5.94	Feb 2014, $21.5M

The 17th largest of the 19 office buildings we track in Harlem: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address: 112-118 West 125th Street
ZIP code: 10027
Building type: Commercial condominium (city class RC)
Total floor area: 74,339 SF
Commercial floor area: 74,339 SF
Office: 43,001 SF
Retail: 31,338 SF
Height: 6 floors
Year built: 2017
Lot area: 12,615 SF
Zoning district: C6-3
Built FAR: 5.89
Max commercial FAR: 6
Tax lot (BBL): 1019097501

Nearest subway

125 St1 min walk · Not accessible
125 St8 min walk · Accessible station
116 St9 min walk · Not accessible

Nearby large buildings

100 West 125th Street161K SF retail · 6 floors · 1 min walk
157 West 124th Street47K SF industrial and storage · 10 floors · 2 min walk
208 West 125th Street68K SF retail · 2 floors · 3 min walk
215 West 125th Street143K SF office · 6 floors · 4 min walk
5 West 125th Street75K SF retail · 6 floors · 4 min walk
2329 Eighth Avenue76K SF retail · 4 floors · 6 min walk
280 St. Nicholas Avenue248K SF retail · 4 floors · 7 min walk
324 West 125th Street36K SF retail · 2 floors · 7 min walk

All 14 large commercial buildings on West 125th Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 2 storefronts at 117 West 124th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024: 2
Vacant that day: 0
Share vacant across Harlem: 11.1%
Share vacant along West 125th Street: 15.2%
Share vacant citywide: 8.7%
Condominium tax lots that filed: 1

Vacant on December 31, by year

2019None registered
20200 of 2
20210 of 2
20220 of 2
20230 of 2
20240 of 2

Bars show the share of the lot's registered storefronts that stood vacant.

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Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-08. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

117 West 124th Street is a condominium of 2 tax lots. THE CHILDREN'S AID SOCIETY, one of 2 owners of record on the roll, owns the units that make up 57% of its market value. For tax year 2026/27 the city values 117 West 124th Street at $20.3 million and assesses it at $9.15 million. After phase-ins and exemptions its taxable value is $3.73 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $405,171 a year before abatements, roughly $5.45 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Largest unit owner: THE CHILDREN'S AID SOCIETY (57% of market value)
Tax class: Class 4 (commercial and industrial)
City market value: $20,342,560
Land market value: $3,108,000
Assessed value: $9,154,152
Taxable value (phased in): $9,016,440
Exemptions: $5,281,452
Estimated yearly tax: About $405,171
Tax per SF of floor area: About $5.45
Condominium tax lots: 2
Owners of record: 2

City market value by tax year

2022/23$17.7 million
2023/24$19.1 million
2024/25$20.7 million
2025/26$20.2 million
2026/27$20.3 million

Market value rose 15% from 2022/23 ($17.7 million) to 2026/27.

How Harlem compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-08; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

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NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 117 West 124th Street in the 12 months to October 2026; the last one was first permitted in December 2022.

New jobs, last 12 months: 0
Initial permits, last 12 months: 0
Newest job first permitted: December 2022
Interior build-outs, last 24 months: 0

New jobs by year

20210
20221
20230
20240
20250
2026 to date0

Build-outs across Harlem Where NYC offices are being built out

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 117 West 124th Street

How big is 117 West 124th Street?

117 West 124th Street has about 74,000 square feet of floor area in total, including 43,000 square feet of office and 31,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 117 West 124th Street built?

City records list 2017 as the year built. The building is 6 floors tall.

What other addresses does 117 West 124th Street have?

City records list 112-118 West 125th Street on the same tax lot (BBL 1019097501) as 117 West 124th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 117 West 124th Street?

117 West 124th Street is in ZIP code 10027, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 117 West 124th Street, New York, NY 10027, in Harlem.

What is the zoning at 117 West 124th Street?

The lot is in the C6-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.89 and a maximum commercial FAR of 6 for this lot.

What subway station is closest to 117 West 124th Street?

The closest subway station to 117 West 124th Street is 125 St (the 2 and 3 trains), about 300 feet away in a straight line, roughly 1 minute on foot. Also nearby: 125 St (the A, B, C and D trains), 8 min walk; 116 St (the 2 and 3 trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 117 West 124th Street?

117 West 124th Street is a condominium of 2 tax lots. THE CHILDREN'S AID SOCIETY, one of 2 owners of record on the roll, owns the units that make up 57% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1019097501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Is there construction at 117 West 124th Street?

The Department of Buildings issued no permits for new jobs at 117 West 124th Street in the 12 months to October 2026; the last one was first permitted in December 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 1019097501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 117 West 124th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.73 million for 117 West 124th Street (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $405,171 a year, roughly $5.45 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1019097501 show the actual bill.

What is the assessed value of 117 West 124th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 117 West 124th Street at $20.3 million ($3.11 million of it land) and its assessed value at $9.15 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 15% from 2022/23 ($17.7 million) to 2026/27.

Are there vacant storefronts at 117 West 124th Street?

Owners registered 2 storefronts at 117 West 124th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 117 West 124th Street?

No space at 117 West 124th Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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Harlem

Transit hubs in Harlem

2 3 at 125 St
A B C D at 125 St
Metro-North at Harlem-125 St