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East Harlem Shared Workspace
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116 E 124th St, New York, NY 10035

Sophisticated, dynamic shared workspace in East Harlem with all-inclusive offices.

Space SizeContact for details
Property Size60,000 SF
Days on Market755

Property Features for 116 E 124th St

General Information

Standard status Active
Size 60,000 SF
Class A
Property subtype Office, Special Purpose
Lease Type Full Service

Building Details

Building Size 60,000 SF
Year Built 1920
Tenancy Multiple

Spaces For Lease

at 116 E 124th St Contact us

Available Space 1

Availability
Active
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Listing Agency: Keyah Enterprises, Inc
Listed By: Michelle Blake · License #10311209836
Source: Crexi
Added: Aug 15, 2024 Changed: Sep 7 Last Checked: Sep 6 at 8:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keyah Enterprises, Inc

Investment Insights

Based on property information with market context.

Park Avenue Suites at 116-122 E 124th Street in East Harlem offers a sophisticated, dynamic shared workspace. Located on the third floor, these flat-rate, all-inclusive offices provide 24-hour accessibility with no hidden fees. A full-floor leasing opportunity is available on the fifth floor. The third floor includes lounge areas, a high-tech-enabled conference room, and 18 private offices. Private office sizes start at 200 square feet and include a desk, two chairs, and high-speed internet. Park Avenue Suites provides a fee-supported color printer and a business address. The property is located on a tree-lined block between Park and Lexington Avenues and features a renovated lobby, high ceilings, large windows, and two renovated passenger elevators. Co-tenants include Con Edison, the United States Post Office, and the Park Avenue Dialysis building. The location is a half-block from the Metro North train station. The current tenant capacity is 125 people.

Key Highlights

  • Premier location: Half‑block to Metro North train station for easy commuting.
  • All‑inclusive, flat‑rate private offices with no hidden fees.
  • 24‑hour accessibility to private office space.

Property Analytics

Current Use

Spring Wells Consolidated Insurance Agency House of Excellence Fellowship Church Christ Embassy Church, ... Association / Organization 124 Rapid Medical Clinic Elizabeth Hyde Foster Care Service

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,514
Businesses Nearby

Demographics for 10035, NY

35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Coworking space - Sophisticated, dynamic shared workspace in East Harlem with all-inclusive offices.
Where is this coworking space located?
The property is located at 116 E 124th St New York, NY.
What is the lease rate?
The lease rate is $47 SF/Yr.
What are key features of this property?
This property features: Premier location: Half‑block to Metro North train station for easy commuting.; All‑inclusive, flat‑rate private offices with no hidden fees.; 24‑hour accessibility to private office space.
More about this property
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