Carthage Real Estate planning 108-unit resi building in Harlem

Building at 224 West 124th Street would stand 12 stories

TRD New York /
Jul.July 25, 2018 12:00 PM

An aerial view of 224 West 124th Street in Harlem (Credit: Google Maps)

UPDATE Wednesday, July 25 at 1:55 p.m.: Harlem’s development boom is continuing with a new 108-unit residential building from developer Carthage Real Estate Advisors.

The Harlem-based real estate firm filed plans with the Department of Buildings on Wednesday for a 12-story building at 224 West 124th Street spanning about 113,000 square feet and standing 112 feet tall. The property currently houses a three-story, 72-unit building.

Fischer & Makooi Architects will design the project, and the company said it will contain a mix of condos and rentals, with both affordable and market-rate units.

Carthage, led by Ed Poteat, declined to comment on the upcoming project.

The company closed on its purchase of the property late last year following a lengthy legal dispute with the seller, Abyssinian Development Corp. Other Carthage projects include the affordable housing development Colon Plaza at 55 East 115th Street and 88 Morningside, a 74-unit co-op building on Morningside Avenue.

Jonathan Rose Companies and L+M Development Partners recently filed plans for part of their massive Sendero Verde project in East Harlem: a 37-story building with 384 residential units that will span about 346,000 square feet.

Correction: An earlier version of this story referred to an employee of Carthage as the developer. 


Related Articles

arrow_forward_ios
From left: Jed Wilder, Bess Freedman, Richard Grossman, Josh Sarnell and Adam Mahfouda (Credit: Emily Assiran) 

Agents to StreetEasy: The fee is too damn high

40 East 72nd Street (Credit: Google Maps)

Nightmare on E. 72nd Street raises question: Are small condos risky?

Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

arrow_forward_ios