A snapshot of recorded transactions across the East and Central Harlem sub-market for the third quarter of 2026 — a predominantly rent-stabilized multifamily submarket with select development and conversion activity.
A high-level review of Q3 2026 investment-sales activity in East & Central Harlem — volume, trends, and the five points that defined the quarter.
Four views of Q3 2026 activity — historical context, year-over-year composition, asset-class mix, and neighborhood concentration.
| Asset class | $ vol | % DV | % Tx | |
|---|---|---|---|---|
| Development & Conversions | $9.2M | 67.4% | 50.0% | |
| Multifamily | $4.5M | 32.6% | 50.0% |
| Neighborhood | Tx | $ vol | |
|---|---|---|---|
| East Harlem | 4 | $13.7M |
Each Q3 2026 transaction is plotted by neighborhood (street-level geocoding was unavailable, so points are clustered at neighborhood centroids). Bubbles are colored by asset class and sized by sale price — the $7.5MM 1678 Park Avenue development and the $3.3MM 2033 Second Avenue multifamily trade in East Harlem read as the dominant bubbles. Click any bubble for the deal details.
Near-term catalysts likely to shape East & Central Harlem deal flow over the next two quarters.
1678 Park Avenue ($7.5MM) and 7 East 124th Street led a thin quarter. Watch development-site and conversion activity along the Park and Second Avenue corridors as 485-x and Harlem rezonings play out.
Two small multifamily trades at a ~$289K/unit median show the East Harlem value-add basis. Watch whether trade count recovers; the submarket's dollar volume swings with the presence or absence of larger deals.
Dollar volume in this small submarket is highly episodic — $124.8MM in Q1 2026, $13.7MM in Q3. Watch for the next portfolio or development trade to reset the quarterly total.
With a $2.5MM median ticket across four trades, East Harlem trades in small increments. The pace of larger closings into Q4 2026 will track financing costs and the return of portfolio sellers.
Complete transaction log for Q3 2026, sorted by activity date. Development trades show N/A for $/SF (the relevant metric is $/BSF); conversions, multifamily, retail, office and hotel show N/A for $/BSF (the relevant metric is $/SF). $/Unit is reported only for multifamily product with residential units. Footer $/BSF averages cover development trades only; $/SF averages exclude development.
| Address | Date | Price | Property type | $/SF | $/BSF | $/Unit |
|---|---|---|---|---|---|---|
| 7 E 124th St (1-1749-7) | 7/30/2026 | $1,710,000 | Conversion | $571 | N/A | N/A |
| 333 E 116th St (1-1688-15) | 8/13/2026 | $1,150,000 | MF-MU Small | $359 | N/A | $383,333 |
| 2033 2nd Ave (1-1654-25) | 8/13/2026 | $3,300,000 | MF-MU 10+ resi units | $310 | N/A | $194,118 |
| 1678 Park Ave (1-1745-134) | 9/10/2026 | $7,500,000 | Development | N/A | $35 | N/A |
| AVERAGES | $3,415,000 | $413 | $35 | $288,725 | ||
| MEDIAN | $2,505,000 | $359 | $35 | $288,725 |
Reach out with questions on the data, the market, or specific transactions.
