A snapshot of recorded transactions across the East and Central Harlem sub-market for the second quarter of 2026 — a predominantly rent-stabilized multifamily submarket with select development and conversion activity.
A high-level review of Q2 2026 investment-sales activity in East & Central Harlem — volume, trends, and the five points that defined the quarter.
Four views of Q2 2026 activity — historical context, year-over-year composition, asset-class mix, and neighborhood concentration.
| Asset class | $ vol | % DV | % Tx | |
|---|---|---|---|---|
| Multifamily | $17.4M | 69.2% | 66.7% | |
| Development | $7.8M | 30.8% | 33.3% |
| Neighborhood | Tx | $ vol | |
|---|---|---|---|
| East Harlem | 4 | $19.6M | |
| Central Harlem | 2 | $5.5M |
Each Q2 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 $9.38MM 153 East 96th Street multifamily trade and the $5.11MM 442-444 East 119th Street development site 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.
Multifamily made up 69% of the quarter and grew 45% YoY. Watch the rent-stabilized value-add bid in East and Central Harlem, where a ~$272K/unit median basis continues to attract local and private capital.
Dollar volume in this small submarket swings sharply with the presence or absence of multi-building portfolios — Q1 2026 ran $124.8MM, Q2 just $25.2MM. Watch for the next portfolio trade to reset the quarterly total.
442-444 East 119th Street (ground-up) and 1694 Lexington Avenue (conversion) show a small but active development bid along the Lexington Avenue corridor. Watch site and conversion activity as 485-x and Harlem rezonings play out.
With a $2.95MM median ticket, this submarket trades in small increments punctuated by occasional portfolios. The pace of larger multifamily closings into 2H 2026 will track financing costs and the return of portfolio sellers.
Complete transaction log for Q2 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 |
|---|---|---|---|---|---|---|
| 442-444 E 119th St (1-1806-31,32) | 4/20/2026 | $5,112,000 | Development | N/A | $113 | N/A |
| 1694 Lexington Ave (1-1634-16) | 4/29/2026 | $2,650,000 | Conversion | $507 | N/A | N/A |
| 15 W 123rd St (1-1721-45) | 5/14/2026 | $3,250,000 | MF-MU 10+ resi units | $136 | N/A | $130,000 |
| 153 E 96th St (1-1624-21) | 5/19/2026 | $9,375,000 | MF-MU 10+ resi units | $253 | N/A | $234,375 |
| 419 E 117th St (1-1711-10) | 5/29/2026 | $2,475,000 | MF-MU 6-9 resi units | $438 | N/A | $309,375 |
| 68 W 126th St (1-1723-63) | 6/4/2026 | $2,300,000 | MF-MU Small | $329 | N/A | $460,000 |
| AVERAGES | $4,193,667 | $332 | $113 | $283,438 | ||
| MEDIAN | $2,950,000 | $329 | $113 | $271,875 |
Reach out with questions on the data, the market, or specific transactions.
