Carthage Real Estate planning 108-unit resi building in Harlem

Building at 224 West 124th Street would stand 12 stories

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
Brokerages take different approaches to social media ads
To automate or customize? Brokerages split on social media ad formulas
To automate or customize? Brokerages split on social media ad formulas
Skyline Tower in Hunters Point, Queens, and Downtown Brooklyn’s 11 Hoyt are the two largest condo developments in their boroughs. (Skyline Tower, 11 Hoyt, iStock)
TRD Pro: Ranking Brooklyn, Queens condo pipeline hotspots
TRD Pro: Ranking Brooklyn, Queens condo pipeline hotspots
(IStock, photo-illustration by Steven Dilakian/The Real Deal)
On the front lines in Texas’ Ranch wars
On the front lines in Texas’ Ranch wars
Rubenstein Partners' David Rubenstein and Warren Corporate Center (Rubenstein Partners, iStock)
Tri-state deal roundup: King Kullen loses ground, Modell’s cavities filled
Tri-state deal roundup: King Kullen loses ground, Modell’s cavities filled
Richard C. Perry with 1 Sutton Place South (Tal, Wikipedia)
Former Barney’s chair relists Manhattan penthouse with $7.5M price cut
Former Barney’s chair relists Manhattan penthouse with $7.5M price cut
A photo illustration of home-flipping (iStock)
Home-flipping hits 22-year high, but profits narrow
Home-flipping hits 22-year high, but profits narrow
(iStock/Photo Illustration by Steven Dilakian for The Real Deal)
In just a year, renting has become far cheaper than owning
In just a year, renting has become far cheaper than owning
JP Morgan Chase CEO Jamie Dimon (Getty Images, iStock)
JPMorgan Chase adds to mortgage industry layoffs
JPMorgan Chase adds to mortgage industry layoffs
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...