5 East 124 Street
Manhattan · 10035 · BBL 1017490006
5 East 124 Street is a multi-family walk-up in East Harlem, Manhattan, ZIP 10035. City records date it to 1909 and count 8 residential units. The city's property file lists the owner of record as Better Investments LLC. Its most recent total assessed value is $264K.
Who owns 5 East 124 Street
The most recent recorded deed is dated Aug 28, 2025, transferring the lot to Better Investments LLC for a stated $1.3M. PulseCities holds 1 recorded deed for this lot. Deeds recorded through July 31, 2026, the most recent day the city has published.
A deed names a party of record. Stated consideration of $0 usually marks a transfer between related parties rather than a sale.
Sales and ownership history
| Party taking title | Recorded | Amount |
|---|---|---|
| Better Investments LLCDEED from George Papazis | Aug 28, 2025 | $1.3M |
Deeds and assignments recorded in ACRIS, one row per document. Amount is the stated consideration; $0 often marks a non-arms-length transfer. An assignment moves a lender's paper and is not a sale. Source: NYC ACRIS, current through July 31, 2026.
Taxes and assessed value
The city's Department of Finance assessed this lot at $264K for the 2026 tax year. That works out to $33K per residential unit. Assessed value is what the city taxes, not what the building would sell for, and the two routinely differ by a wide margin. The bill itself turns on the tax class rate and on any exemptions or abatements attached to the lot, neither of which is published here.
What the eviction record shows
No executed eviction is on record at 5 East 124 Street in the citywide marshal file, which runs from April 2024.
Rent stabilization at this address
DHCR registration records list 8 rent-stabilized units at this building in 2023, the most recent year PulseCities holds. That is up from 7 units in 2018. Registration is building-level and does not settle the status of any single apartment; the rent history does. Checking your own apartment starts with the free rent history. How to check rent-stabilized status →
Open code violations
HPD and DOB inspectors have written 2 violations against this building, of which 1 remains unresolved. The most serious open grade here is non-hazardous, with 1 open violation.
Classes run A (non-hazardous) to C (immediately hazardous); DOB class I carries a vacate order. Source: NYC HPD violations, current through August 26, 2026.
Violation history
| Violation | Issued | Class |
|---|---|---|
| File annual bedbug report in accordance with hpd rule as described on the back of this notice of violation or…Nov Sent Out | Apr 29, 2026 | A |
| File annual bedbug report in accordance with hpd rule as described on the back of this notice of violation or…Violation Dismissed | Jun 4, 2025 | A |
The 2 most recent violations written against this building, newest first, 1 of them still open. Each row is the inspector's own wording with the statute citation removed. Source: NYC HPD violations, current through August 26, 2026.
311 complaint history
2 complaints in the past 12 months
NYC 311 housing and building complaints logged for this address. Source: NYC 311, current through August 26, 2026.
How 5 East 124 Street compares in 10035
PulseCities tracks 1,971 lots in 10035, of which 138 carry an executed eviction from the marshal record, which starts in April 2024, and 89 carry a deed from the shorter ACRIS window. 10035 scores 39.8 out of 100 for displacement pressure, 49 of 177 scored NYC ZIP codes. The full signal breakdown for East Harlem →
Watch 5 East 124 Street
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Questions about 5 East 124 Street
Who owns 5 East 124 Street?
The most recent deed on file for 5 East 124 Street names Better Investments LLC. Deeds record the party that took title, which is often a holding company rather than the operator managing the building. That deed was recorded Aug 28, 2025.
How much did 5 East 124 Street sell for?
The most recent deed states a consideration of $1.3M, recorded Aug 28, 2025 in ACRIS. Stated consideration is what the parties filed, and it can differ from the economics of the deal.
Have there been evictions at 5 East 124 Street?
No executed eviction at 5 East 124 Street appears in the NYC evictions dataset, which PulseCities holds from April 2024 forward. Executed evictions are the end of the process, so a building with none may still have active housing court cases.
Is 5 East 124 Street rent stabilized?
DHCR registrations list 8 stabilized units at this building in 2023. Registration is building-level, so it does not settle whether one apartment is stabilized. The free rent history from NYS Homes and Community Renewal does.
What is 5 East 124 Street assessed at for property taxes?
The Department of Finance assessed the lot at $264K for the 2026 tax year. That is the figure the city taxes rather than a sale price, and the bill depends on the tax class rate and on any exemptions on the lot.
What is the displacement risk around 5 East 124 Street?
10035 (East Harlem) scores 39.8 out of 100 on the PulseCities displacement index. The score reads five ZIP-level signals: LLC acquisition rate, permit intensity, 311 complaint volume, executed evictions, and serious HPD violations. It describes the area around the building, not the building itself.
Sourced from NYC public records: ACRIS deeds, DOB permits, the NYC evictions dataset, and 311. Records reflect what agencies have published and can lag events.