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Magnolia Mansion

309 East 108th Street, New York, NY 10029
Condo in East Harlem
40 Units
1 Units For Sale
Unit for sale at 309 E 108th Street, Manhattan, NY 10029

$1,000,000 ↓ $50K

  • 4 Beds
  • 2 Baths
  • 1,700 ft²
309 E 108th Street #2E, Manhattan, NY 10029 Listing by Anthony Naber

Magnolia Mansion is a condo located 309 East 108th Street, in East Harlem, New York. The building was first built in 1926 and is 98 years old. It was first renovated and altered in 1987. The lot that the building was built on is 150 feet wide and 101 feet long. The official lot area is listed as 15,138 square feet. The building itself is 137 feet wide and 72 feet long. In total, 309 East 108th Street has a total floor area of 63,249 square feet. Of that, 46,751 square feet are used for residential purposes. About 16,498 square feet of the building are used for commercial purposes. There are a total of 40 units. Of those, 33 are residential units. There are 7 commercial units. 309 East 108th Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. Alternatively, take a stroll around the building's garden. There are 104 closings on record, of which we have matching data for 10 listings. In the past 3 years, a listing in this building will typically remain on the market for about 127 days and tend to sell below the original asking price of $1,050,000 by 8.20%. Meaning, listings tend to sell at a median of $729 price per square foot. The transaction that took the longest to complete was unit 5A, listed on Jun 18, 2018 for $1,250,000. This particular unit ultimately sold 345 days later for $950,000. The most recent transaction was for unit 2B, which was first advertised on Sep 27, 2023, sold for $998,000 on Mar 06, 2024. Fun fact, the oldest transaction we have on record took place on Sep 17, 1987. See the full transaction history for Magnolia Mansion below.

East Harlem, where 309 East 108th Street is located, has a median asking price of $1,650,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,050,000. For interested buyers, that means the building's median asking price is around 0.36% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,000,000. It is a 1,700 sqft 4-bedroom and 2-bathroom unit.

Building Features

Ownership & Occupancy

Sublets Allowed

Outdoor Space

Roof Deck
Garden

Building Style

Prewar

Accessibility

Elevators

Pet Policy

Dogs Allowed / Cats Allowed
Cats Allowed

Laundry

Washer / Dryer Allowed

Parking

Private Parking
Public Parking
On-Street Parking

Location

Near Public Transit
This property description is generated based on publicly available data.

13 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230927 Unit 2B
09/27/2023
2B
3 Bed
2 Bath
1600 ft²
$998,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1600 ft²
$998,000
03/06/2024
Philip Rubino
Sothebys International Realty
20230215 Unit 3A
02/15/2023
3A
3 Bed
2 Bath
1414 ft²
$1,150,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1414 ft²
$1,037,500 -9.78%
05/19/2023
Mae Bagai
Sothebys International Realty
20210811 Unit 2E
08/11/2021
2E
4 Bed
2 Bath
-
$1,050,000
bedrooms
4 Bed
bathrooms
2 Bath
-
-
-
Joon Koo Lee
Kingstone Realty
20200920 Unit PH
09/20/2020
PH
4 Bed
4 Bath
4300 ft²
$3,999,900
bedrooms
4 Bed
bathrooms
4 Bath
square feet
4300 ft²
-
-
-
Scott Kinder
KINDER SCOTT C
20191113 Unit 2H
11/13/2019
2H
2 Bed
2 Bath
-
$950,000
bedrooms
2 Bed
bathrooms
2 Bath
$917,500 -3.42%
03/10/2020
Geraldine Onorato
R New York
20180514 Unit 4B
05/14/2018
4B
4 Bed
2 Bath
1600 ft²
$1,250,000
bedrooms
4 Bed
bathrooms
2 Bath
square feet
1600 ft²
$1,160,000 -7.20%
09/14/2018
Mae H Bagai
Sothebys International Realty
20171025 Unit 3C
10/25/2017
3C
3 Bed
2 Bath
1800 ft²
$1,395,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1800 ft²
$1,250,000 -10.39%
03/23/2018
Mae H Bagai
Sothebys International Realty
20171130 Unit 3D
11/30/2017
3D
2 Bed
2 Bath
-
-
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
-
20160915 Unit 3G
09/15/2016
3G
2 Bed
2 Bath
1220 ft²
$1,070,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1220 ft²
$1,070,000
12/09/2016
Mae Bagai
Sothebys International Realty
20160609 Unit 3A
06/09/2016
3A
3 Bed
2 Bath
1400 ft²
$1,050,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1400 ft²
$1,050,000
10/14/2016
Mae Bagai
Sothebys International Realty
20140326 Unit 3D
03/26/2014
3D
3 Bed
2 Bath
1417 ft²
$915,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1417 ft²
$840,000 -8.20%
11/17/2014
Amanda Jhones
Elliman
20130921 Unit 2G
09/21/2013
2G
2 Bed
2 Bath
1400 ft²
$899,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1400 ft²
-
-
-
Jacquelyn E.
Douglas Elliman Real Estate
20130827 Unit 5A
08/27/2013
5A
3 Bed
2 Bath
1300 ft²
$830,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1300 ft²
$830,000
03/24/2014
Carol Fink
Citi Habitats

Building Info

Overview

    General

  • Year Built: 1926
  • First Altered Year: 1987
  • Building Count: 1
  • Floor Count: 6
  • Total Unit Count: 40
  • Residential Unit Count: 33
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 15,138
  • Lot Size Depth Feet: 101
  • Lot Size Frontage Feet: 150
  • Building Depth: 72
  • Building Frontage: 137
  • Gross Building Area: 63,249

    Building Floor Area

  • Residential Building Floor Area: 46,751
  • Commercial Building Floor Area: 16,498
  • Office Building Floor Area: 10,951
  • Other Building Floor Area: 5,300

    Floor Area Ratio

  • Built Floor Area Ratio: 4
  • Residential Floor Area Ratio: 4
  • Facilities Floor Area Ratio: 4

Building

  • Building Type: RM
  • Lot Type: 5
  • Land Use: 04
  • Irregular Lot Code: N

Neighborhood

  • Community District: 111
  • City Council District: 8
  • Police Precinct: 23
  • Fire Company: E091
  • Health Area: 2600
  • Sanitation District Borough: 1
  • Sanitation Subsection: 1B
  • School District: 04

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R7A

Geography

  • Borough Name: MN
  • Borough Code: 1
  • Block: 1680
  • Lot: 7501
  • Borough Block Lot: 1016807501

    Address

  • Full Address: 305 East 108 Street
  • Condominium Number: 458
  • Zip Code: 10029

Valuation

    Assessments Valuation

  • Assessed Total Value: $3,430,362
  • Assessed Land Value: $400,506

    Exemptions

  • Exempt Total Value: $84,327
  • Exempt Land Value: $0

About Upper Manhattan



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Frequently Asked Questions

What neighborhood is 309 East 108th Street located in?
The 309 East 108th Street is a condo located in the neighborhood of East Harlem in Upper Manhattan, New York.
How many listings are currently for sale in 309 East 108th Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 309 East 108th Street?
The average sales price for units in 309 East 108th Street is $1,050,000 , or $729/sqft. currently.

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