Self-storage building · Harlem, Manhattan
157 West 124th Street
New York, NY 10027
157 West 124th Street is a 10-floor self-storage building in Harlem, Manhattan, built in 1902, with about 47,000 square feet of industrial and storage space according to city records.
Also at 157-159 West 124th Street.
- Industrial and storage space
- 47K SF
- Floors
- 10
- Year built
- 1902
- Zoning
- C4-4D
The 8th largest of the 9 industrial and storage buildings we track in Harlem. Compare it with 5 neighbors
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Compared with its neighbors
How 157 West 124th Street compares
Next to the 5 nearest large industrial and storage buildings, all within a 20 minute walk, 157 West 124th Street is the smallest by industrial and storage floor area. Built in 1902, it is the oldest of them. Its estimated property tax, about $6.90 a square foot of floor area before abatements, is close to the neighbors' median of $7.04.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 157 West 124th Street | 47K SF | 10 | 1902 | $6.90 | n/a |
| 38 Convent Avenue | 84K SF | 2 | 1905 | $7.04 | Apr 2016, $48M |
| 12 West 142nd Street | 94K SF | 3 | 1923 | $6.32 | Mar 2023, $22.9M (3 lots) |
| 2340 Fifth Avenue | 48K SF | 3 | 1932 | $7.59 | Mar 2023, $22.9M (3 lots) |
| 51 West 142nd Street | 115K SF | 3 | 1921 | $6.54 | n/a |
| 108 West 107th Street | 114K SF | 9 | 1921 | $7.18 | Dec 2021, $150M |
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
- 157-159 West 124th Street
- ZIP code
- 10027
- Building type
- Self-storage building (city class E7)
- Total floor area
- 47,311 SF
- Commercial floor area
- 47,311 SF
- Retail
- 311 SF
- Industrial and storage
- 47,000 SF
- Height
- 10 floors
- Average floor
- About 4,700 SF (floor area divided by floors)
- Year built
- 1902
- Lot area
- 5,046 SF
- Zoning district
- C4-4D
- Built FAR
- 9.38
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 1019090007
Nearest subway
- 125 St
- 125 St
- 116 St
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists K M A G REALTY CORP as the owner of record. For tax year 2026/27 the city values 157 West 124th Street at $8.19 million and assesses it at $3.68 million. After phase-ins and exemptions its taxable value is $3.01 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 $326,619 a year before abatements, roughly $6.90 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.
- Owner of record
- K M A G REALTY CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,187,000
- Land market value
- $505,000
- Assessed value
- $3,684,150
- Taxable value (phased in)
- $3,010,864
- Estimated yearly tax
- About $326,619
- Tax per SF of floor area
- About $6.90
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; 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 energy benchmarking (Local Law 84)
Energy use and emissions
157 West 124th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 15 kBtu per square foot, 47% below the national median of 28.5 for a similar property. Its greenhouse gas emissions were about 53.7 metric tons of CO2e (1.13 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Self-Storage Facility
- Site energy use intensity
- 15 kBtu/SF
- National median for the type
- 28.5 kBtu/SF
- Greenhouse gas emissions
- 53.7 t CO2e
- Emissions per SF
- 1.13 kg CO2e
- Floor area in the filing
- 47,311 SF
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 157 West 124th Street comes to about 46 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 202 tons for 2024 to 2029 (23% of the limit), so it would owe no penalty. From 2030 the limit drops to 29 tons and the same energy use counts as about 35 tons, about 6 tons over, or an estimated $1,600 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 202 t CO2e
- Estimated emissions
- 46 t CO2e
- Under the limit by
- 156 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 29 t CO2e
- Estimated emissions
- 35 t CO2e
- Over the limit by
- 6 t CO2e
- Estimated penalty a year
- $1,600
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Self-Storage Facility 47,311 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 157 West 124th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 157 West 124th Street in the 12 months to October 2026; the last one was first permitted in April 2025. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the facade and the ground floor, was first permitted in April 2025 (construction, structural, sidewalk shed, scaffold; filed cost estimate $800,000). A sidewalk shed permit here is active until November 15, 2026.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 2
- Newest job first permitted
- April 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- Ground floor
- Sidewalk shed permit
- Active until Nov 15, 2026
Recent build-outs
New jobs by year
Build-outs across HarlemWhere 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.
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Questions about 157 West 124th Street
How big is 157 West 124th Street?
157 West 124th Street has about 47,000 square feet of floor area in total, including 0 square feet of retail and 47,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 157 West 124th Street built?
City records list 1902 as the year built. The building is 10 floors tall.
What other addresses does 157 West 124th Street have?
City records list 157-159 West 124th Street on the same tax lot (BBL 1019090007) as 157 West 124th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 157 West 124th Street?
157 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 157 West 124th Street, New York, NY 10027, in Harlem.
What is the zoning at 157 West 124th Street?
The lot is in the C4-4D zoning district. PLUTO lists a built floor area ratio (FAR) of 9.38 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 157 West 124th Street?
The closest subway station to 157 West 124th Street is 125 St (the 2 and 3 trains), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 125 St (the A, B, C and D trains), 6 min walk; 116 St (the B and C trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 157 West 124th Street?
The NYC Department of Finance's 2026/27 assessment roll lists K M A G REALTY CORP as the owner of record of 157 West 124th Street (BBL 1019090007). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 157 West 124th Street have an energy grade?
157 West 124th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 15 kBtu per square foot, 47% below the national median of 28.5 for a similar property. Its greenhouse gas emissions were about 53.7 metric tons of CO2e (1.13 kg per square foot).
Does 157 West 124th Street meet Local Law 97?
At its 2024 energy use, 157 West 124th Street comes to about 46 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 202 tons for 2024 to 2029 (23% of the limit), so it would owe no penalty. From 2030 the limit drops to 29 tons and the same energy use counts as about 35 tons, about 6 tons over, or an estimated $1,600 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 157 West 124th Street?
The Department of Buildings issued no permits for new jobs at 157 West 124th Street in the 12 months to October 2026; the last one was first permitted in April 2025. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the facade and the ground floor, was first permitted in April 2025 (construction, structural, sidewalk shed, scaffold; filed cost estimate $800,000). A sidewalk shed permit here is active until November 15, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1019090007. 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 157 West 124th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.01 million for 157 West 124th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $326,619 a year, roughly $6.90 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1019090007 show the actual bill.
What is the assessed value of 157 West 124th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 157 West 124th Street at $8.19 million ($505,000 of it land) and its assessed value at $3.68 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 35% from 2022/23 ($6.05 million) to 2026/27.
Is there industrial and storage space for lease at 157 West 124th Street?
No space at 157 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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Transit hubs in Harlem
- 2 3 at 125 St
- A B C D at 125 St
- Metro-North at Harlem-125 St