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Class A Climate-Controlled Storage Facility
For Sale
Contact for pricing

166 E 124th St, New York, NY 10035

Modern facility offers secure elevator access and a broad range of unit sizes.

Property SizeContact for details
Days on Market143

Property Features for 166 E 124th St

General Information

Standard status Active
Class Class A
Property subtype Self Storage

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Self-Storage Units 982

Amenities

video surveillance
keypad entry
elevator access

Building Details

Year Built 2020
Listing Agency: Cushman & Wakefield - Tampa, Florida
Listed By: Michael Mele · License #FL SL675578
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 5:37PM

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 Cushman & Wakefield - Tampa, Florida

Investment Insights

Based on property information with market context.

This self-storage facility in Manhattan’s East Harlem area contains 982 climate-controlled units ranging from 25 square feet to 150 square feet. Completed in early 2020, the property includes elevator service, keypad entry, and video surveillance. The facility is in lease-up and operates under a 49-year ground lease with 50 years of options, including a reset after the initial term.

The property is located at 166 E 124th St in New York, NY. East 124th Street frontage is associated with more than 8,000 vehicles daily, while nearby Harlem River Drive carries over 85,000 vehicles per day. More than 180,000 individuals live within one mile of the facility. The surrounding Manhattan market is characterized by a renter-occupied population and limited storage supply per capita.

Key Highlights

  • 982 climate‑controlled units ranging from 25 square feet to 150 square feet
  • Completed in early 2020 with Class A construction
  • 49‑year ground lease with 50 years of options and a reset after the 49th year

Property Analytics

Current Use

GoodFriend Self-Storage Upper ... Storage Facility U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Skin Care Clinic Accounting Firm Computer & Electronic Repair

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

7,240
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 Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Modern facility offers secure elevator access and a broad range of unit sizes.
Where is this self storage facility located?
The property is located at 166 E 124th St New York, NY.
What are key features of this property?
This property features: 982 climate‑controlled units ranging from 25 square feet to 150 square feet; Completed in early 2020 with Class A construction; 49‑year ground lease with 50 years of options and a reset after the 49th year
More about this property
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