Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
656 W 125TH Street #ICONIC
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Active For Sale Rental

$15,500,000

$4,721 per sq ft

656 W 125TH Street #ICONIC

Manhattanville, Manhattan

MLS® #RLS20060062

RLS at REBNY

Listing by Serhant

Studio

2

Baths

3,283

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 2
Living Area 3,283 sq ft
Year Built 1920
Ownership RentalBuilding
Neighborhood Manhattanville
Floor 3 of 2

Property Highlights

  • Views: Bridges, Panoramic, River
  • Exposure: East,North,South,West facing
  • Outdoor Space: Wrap Around

Property Details

Type Rental
Ownership Rental Building
Total Rooms 10
Baths 2 Full
Floor 3 of 2
View Bridges, Panoramic, River
Exposure East,North,South,West
Cooling Ductless
Pets Yes
Year Built 1920
Living Area 3,283 sq ft
Architectural Style WalkUp
Basement Other
Parcel # 1996-0001
Block/Lot 01996/0001

Listing History

Event Date Price Change
Listed Nov 14, 2025 $20,000,000 -
Currently May 1, 2026 $15,500,000 -22.5%

Description

A Rare Opportunity to Redefine History in the Heart of Harlem

Formally known as The Iconic Cotton Club, the legendary address that once set the rhythm of Harlem and the world. Located at 656 West 125th Street, this historic site offers a once-in-a-lifetime opportunity to reimagine one of the most celebrated cultural landmarks in New York City.

Set on a 160 ft x 78.92 ft lot within a C6-1 (R7-2 equivalent) zoning district, the property allows for approximately 37,800 buildable square feet, ideal for mixed-use residential and commercial development. This site presents a unique chance to create a new chapter for Harlem-one that honors its past while embracing its vibrant future.

Property Highlights:

  • Address: 656 West 125th Street, Harlem, NY

  • Zoning: C6-1 (R7-2 equivalent)

  • Lot Dimensions: 160 ft x 78.92 ft

  • Buildable Square Footage: Approx. 37,800 sq. ft.

  • Lot Area: Approx. 6,300 sq. ft.

  • Use Potential: Mixed-use residential and commercial development

Situated just steps from Columbia University's Manhattanville expansion, Riverside Park, and multiple transportation options, the property lies in the epicenter of Harlem's continued evolution. The surrounding area is a dynamic mix of new residential towers, retail, and cultural anchors-making this an exceptional investment and redevelopment opportunity.

The Cotton Club is more than an address - it's a legacy ready to be reborn.

Features & Amenities

Interior Features

Building None

Exterior Features

Private Outdoor Space Over60 Sqft Wrap Around

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 2
Style WalkUp

Manhattanville boasts a mix of pre-war walk-ups and modern high-rises. The neighborhood features classic brownstones and apartment buildings nestled near key public parks. Commuters enjoy easy access via several subway lines and benefit from proximity to major cultural landmarks.

Manhattanville Live Market Data

View Neighborhood

Active Listings

7

Median Asking Price

$419K

Median $/Sqft

$1,235

Avg Days on Market

N/A

New This Week

2

Price Reduced

29%

Sold (30 Days)

1

Median Sale Price

$343K

Live data from RLS at REBNY • Updated 5/1/26, 1:37 PM EST

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Location

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656 W 125TH Street #ICONIC, Manhattanville, New York County

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1920
Year Built
106 years old
2
Floors
C6-1
Zoning District

Tax & Assessment

Assessed Value: $845,100
Land Value: $80,550
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 6,300 SF
Building Area: 3,283 SF
Built FAR: 0.52
Allowed FAR: 3.44

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 2 full bathrooms.

The listed interior living area is 3,283 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is RentalBuilding

Pet policy requires confirmation with the listing broker.

At the current list price of $15,500,000 for 3,283 sq ft, the asking price per square foot is approximately $4,721. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20060062
First Listed: 11/14/2025
On Market: 11/14/2025
Price Changed: 2/4/2026
Contract Date: 11/14/2025

Listing Courtesy of Serhant - Tecumta Tiwoni

Listing Contact: (646) 717-4516

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 5:37 PM UTC

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