Marcus & Millichap is pleased to present the exclusive listing for 124 E 37th Street, Outsite Co-living, located in New York City's Murray Hill Historic District Extension. The building has never been subject to rent regulation.
The property is 4,900 square feet situated on a 19 ft x 49.2 ft lot. Outsite Co-living is subject to a new 10-year absolute triple-net (NNN) lease with around 10 years remaining on the initial term. The current rent is $240,000 annually and the lease calls for 3% annual rental increases throughout the lease term.
Sold for $4,200,000
$4,200,000
124 E 37th St, New York, NY 10016
6beds
4,900sqft
MultiFamily
Built in 1910
-- sqft lot
$4,155,100 Zestimate®
$857/sqft
$5,428 Estimated rent
Home value
$4,155,100
$3.24M - $5.15M
$5,428/mo
Zestimate® history
Owner options
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$5,428/mo
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$5,428/mo
Rent Zestimate®
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$26,023/mo
Est. payment
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$26,023/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Heating
- Forced air
Cooling
- None
Appliances
- Included: Dishwasher
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 4,900 sqft
Property
Parking
- Parking features: None
Lot
- Size: 938 Square Feet
Details
- Parcel number: 008920071
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1910
Community & HOA
Location
- Region: New York
Financial & listing details
- Price per square foot: $857/sqft
- Tax assessed value: $3,648,000
- Annual tax amount: $55,242
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2024 | Sold | $4,200,000-23.5%$857/sqft |
Source: Public Record Report a problem | ||
| 9/7/2022 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 7/8/2022 | Price change | $5,493,333-0.3%$1,121/sqft |
Source: StreetEasy Report a problem | ||
| 6/10/2022 | Price change | $5,510,000-5.8%$1,124/sqft |
Source: StreetEasy Report a problem | ||
| 1/28/2022 | Listed for sale | $5,850,000+6.4%$1,194/sqft |
Source: StreetEasy Report a problem | ||
| 2/25/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/5/2020 | Price change | $15,000-11.5%$3/sqft |
Source: Owner Report a problem | ||
| 11/17/2020 | Listed for rent | $16,950$3/sqft |
Source: Owner Report a problem | ||
| 8/20/2020 | Listing removed | $5,500,000$1,122/sqft |
Source: Douglas Elliman #3378123 Report a problem | ||
| 1/7/2020 | Price change | $5,500,000+4.8%$1,122/sqft |
Source: Douglas Elliman #3378123 Report a problem | ||
| 12/31/2019 | Price change | $5,250,000-4.5%$1,071/sqft |
Source: Douglas Elliman #3378123 Report a problem | ||
| 12/27/2019 | Price change | $5,500,000+4.8%$1,122/sqft |
Source: Oxford Property Group #75585TH Report a problem | ||
| 12/3/2019 | Price change | $5,250,000-4.5%$1,071/sqft |
Source: Douglas Elliman #3378123 Report a problem | ||
| 5/4/2019 | Price change | $5,500,000-7.6%$1,122/sqft |
Source: Nest Seekers International #1076566 Report a problem | ||
| 3/28/2019 | Listed for sale | $5,950,000+0.9%$1,214/sqft |
Source: Nest Seekers International #1076566 Report a problem | ||
| 12/21/2018 | Listing removed | $5,895,000$1,203/sqft |
Source: Oxford Property Group #25059TH Report a problem | ||
| 10/12/2018 | Price change | $5,895,000-1.7%$1,203/sqft |
Source: Oxford Property Group #25059TH Report a problem | ||
| 9/5/2018 | Price change | $5,995,000-0.9%$1,223/sqft |
Source: Oxford Property Group #25059TH Report a problem | ||
| 8/27/2018 | Price change | $6,049,900-1.6%$1,235/sqft |
Source: Oxford Property Group #25059TH Report a problem | ||
| 8/14/2018 | Price change | $6,149,9000%$1,255/sqft |
Source: Oxford Property Group #25059TH Report a problem | ||
| 6/21/2018 | Listed for sale | $6,150,000+17.1%$1,255/sqft |
Source: Oxford Property Group #25059TH Report a problem | ||
| 9/7/2016 | Listing removed | $5,250,000$1,071/sqft |
Source: RealDirect #656684336 Report a problem | ||
| 6/30/2016 | Price change | $5,250,000-4.5%$1,071/sqft |
Source: RealDirect #656684336 Report a problem | ||
| 3/15/2016 | Listed for sale | $5,495,000$1,121/sqft |
Source: Leslie J. Garfield #9668e6d2-bc21-4b60-adb4-7a23ebbfb738 Report a problem | ||
| 1/25/2016 | Listing removed | $5,495,000+10%$1,121/sqft |
Source: Massey Knakal Realty Services #13600563 Report a problem | ||
| 6/23/2014 | Sold | $4,995,000+70.8%$1,019/sqft |
Source: Public Record Report a problem | ||
| 10/23/2012 | Sold | $2,925,000+36%$597/sqft |
Source: Public Record Report a problem | ||
| 5/12/2004 | Sold | $2,150,000+151.5%$439/sqft |
Source: Public Record Report a problem | ||
| 8/15/1997 | Sold | $855,000$174/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $55,242 +8% | $1,641,600 +12.5% |
| 2024 | $51,158 +1.9% | $1,459,350 +15.1% |
| 2023 | $50,197 | $1,268,100 -7.7% |
| 2022 | -- | $1,373,850 +2.9% |
| 2021 | -- | $1,334,700 -14.3% |
| 2020 | -- | $1,556,550 +7.7% |
| 2019 | $39,261 -1.1% | $1,445,760 +359.3% |
| 2018 | $39,699 +2.3% | $314,770 +3.2% |
| 2017 | $38,795 +6.6% | $305,014 +8% |
| 2016 | $36,410 | $282,421 +8% |
| 2015 | $36,410 +26.1% | $261,501 +8% |
| 2014 | $28,879 | $242,131 |
Find assessor info on the county website
Neighborhood: Murray Hill
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GreatSchools rating
- 5/10Ps 116 Mary Lindley MurrayGrades: PK-6Distance: 0.3 mi
- 8/10Jhs 104 Simon BaruchGrades: 6-8Distance: 0.9 mi
- 7/10Unity Center For Urban TechnologiesGrades: 9-12Distance: 0.2 mi
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