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Harlem

Historic neighborhood experiencing significant investment and development, with strong multifamily and retail opportunities.

5.5-7.0%

Avg Cap Rate

$400-700

Price per SF

2

Skyline Transactions

Market Overview

30M+

Total SF

8.5%

Vacancy Rate

$45/SF

Avg Asking Rent

Key Highlights

125th Street CorridorApollo TheaterHistoric BrownstonesTransit Access

Primary Asset Classes

MultifamilyRetailDevelopment SitesMixed-Use

Skyline Transactions

$26M+ Total
4-14 West 125th Street - $20M Office - Skyline Properties

4-14 West 125th Street

99-Year Ground Lease2014

$20M

35,000 SF

246 West 116th Street - $6.3M Multifamily - Skyline Properties

246 West 116th Street

Mixed Use Affordable Housing2022

$6.3M

37,000 SF

Harlem Transaction Map

Interactive map coming soon

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Market Metrics

Avg Cap Rate5.5-7.0%
Price/SF Range$400-700
2024 Volume$450M (2024 YTD)
Vacancy8.5%

Ground Lease Opportunities

Explore ground lease structures for properties in Harlem.

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