Listing Courtesy of Serhant
$20,000,000
Potential Rebate: $300,000
<p> <strong>A Rare Opportunity to Redefine History in the Heart of Harlem</strong></p> <p>Welcome to <strong>The Iconic Cotton Club</strong>, the legendary address that once set the rhythm of Harlem and the world. Located at <strong>656 West 125th Street</strong>, this historic site offers a <strong>once-in-a-lifetime opportunity</strong> to reimagine one of the most celebrated cultural landmarks in New York City.</p> <p>Set on a <strong>160 ft x 78.92 ft lot</strong> within a <strong>C6-1 (R7-2 equivalent)</strong> zoning district, the property allows for <strong>approximately 37,800 buildable square feet</strong>, ideal for <strong>mixed-use residential and commercial development</strong>. This site presents a unique chance to create a new chapter for Harlem-one that honors its past while embracing its vibrant future.</p> <p> <strong>Property Highlights:</strong></p> <ul> <li> <p> <strong>Address:</strong> 656 West 125th Street, Harlem, NY</p> </li> <li> <p> <strong>Zoning:</strong> C6-1 (R7-2 equivalent)</p> </li> <li> <p> <strong>Lot Dimensions:</strong> 160 ft x 78.92 ft</p> </li> <li> <p> <strong>Buildable Square Footage:</strong> Approx. 37,800 sq. ft.</p> </li> <li> <p> <strong>Lot Area:</strong> Approx. 6,300 sq. ft.</p> </li> <li> <p> <strong>Use Potential:</strong> Mixed-use residential and commercial development</p> </li> </ul> <p>Situated just steps from <strong>Columbia University's Manhattanville expansion</strong>, <strong>Riverside Park</strong>, and <strong>multiple transportation options</strong>, 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.</p> <p> <strong>The Cotton Club is more than an address - it's a legacy ready to be reborn.</strong></p> <p> </p>
$98,827 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$300,000
Monthly savings impact
$833/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Serhant
Data Source: TRESTLE #RLS20060062

Compare average listing prices and value metrics for 656 West 125TH Street against the surrounding Manhattanville market.
than the Manhattanville price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Manhattanville is home to Columbia's expansion. For buyers seeking Manhattanville real estate, it is an investment frontier.
Living in Manhattanville is academic. As a Manhattan NYC neighborhood, it is growing.
Homes for sale in Manhattanville vary from projects to new condos.
The lifestyle is student-heavy and industrial-chic.
Served by the 1 train.
West Harlem Piers park.
Students and investors.

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