116 E 124Th St New York, NY 10035
For Lease
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Park Avenue Suites at 116-122 E 124th Street provides a sophisticated, dynamic shared workspace setting in East Harlem. These flat-rate, all-inclusive offices are on the third floor, with a full-floor leasing opportunity available on the fifth floor. Prospective tenants are invited to experience the luxury of having their own private office space, with 24-hour accessibility and no hidden fees. The third floor offers inviting lounge areas, a high-tech-enabled conference room, and 18 meticulously designed private offices. Various private office sizes, starting at 200 square feet, come with a desk, two chairs, and high-speed internet. Park Avenue Suites provides a fee-supported color printer and a business address for employees to efficiently work and meet with clients. 116-122 E 124th Street sits on a tree-lined block between Park and Lexington Avenues. Property features include a beautifully renovated lobby, high ceilings, large windows throughout the building, and two renovated passenger elevators. Con Edison, the United States Post Office, and the Park Avenue Dialysis building are co-tenants. A half-block to the Metro North train station provides hassle-free commuting to and from this premier location. Current tenant capacity 125 people
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Spring Wells Consolidated Insurance Agency
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House of Excellence Fellowship Church Mosque
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Christ Embassy Church, Manhattan Association / Organization
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124 Rapid Medical Clinic
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Elizabeth Hyde Foster Care Service Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.