Magnolia Mansion Lofts
309 East 108th Street, between First and Second Avenues · East Harlem / Harlem
BBL 1016807501 · BIN 1074279
- Type
- Condominium
- Amenities
- Elevator, shared courtyard garden with tables and barbecue facilities; in-unit laundry in some homes
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $656
- floor-adjusted, 1 sale
- Listing discount
- 4.0%
- Recorded sales
- 33
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Magnolia Mansion Lofts would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Magnolia Mansion Lofts occupies a former East Harlem schoolhouse whose large windows and tall interior volumes were adapted into condominium homes in 1987. The conversion produced duplex lofts with double-height living rooms, internal upper levels and shared outdoor space in a long courtyard garden. The original institutional dimensions remain the building's defining residential feature.
Ji Soo Lee directed the conversion and interior design, with Victor Patil as conversion architect. Historical records place a city welfare office in the building after its school use, followed by a period of vacancy before the residential project. The surviving entry and substantial masonry frontage give the condominium an identity rooted in that earlier use.
The 33-residence association contains a broad range of loft arrangements. Interior areas commonly exceed those of conventional one- and two-bedroom apartments, but the internal levels, stairs and open-to-below spaces affect how that area functions. The common garden adds an outdoor amenity shared across the property.
Architecture and unit composition
The six-story red masonry building retains large windows and a substantial entrance. Living-room ceilings can exceed fourteen feet, and columns survive within the converted interiors. Duplex plans place additional rooms on upper levels overlooking the main living space.
The recurring homes often fall around 1,200 to 1,600 square feet, with larger examples approaching 1,800 square feet. Bedroom counts vary across those areas. An open loft with one enclosed bedroom can have more total interior space than a three-bedroom apartment whose upper level has been divided into several rooms.
Internal stairs are integral to the duplex plans. In some layouts, a long double-height living and dining room occupies the lower level with bedrooms and a den above. Other interiors have been repartitioned during later renovations. The original windows continue to influence which upper-level rooms receive direct light.
The courtyard garden extends along the building and includes tables and barbecue facilities. It is a communal amenity, separate from the private interiors. In-unit laundry is present in some apartments, and open kitchens are common in renovated loft arrangements.
Building operations
The condominium contains 33 residential tax lots and seven commercial lots. The largest residential owner holds two homes, approximately 6% of the inventory. The nonresidential component has historically included arts-related space, reflecting part of the original conversion concept.
The property has no building-wide tax abatement identified in DOF records. Each residential condominium lot falls in Class 2. Apartment taxes and common charges therefore remain separate carrying-cost components, with the common charges supporting the elevator, garden and shared structure.
The building is not designated by LPC. Its substantial older masonry and oversized windows remain physical features to maintain, independent of landmark status. A loft renovation that alters an internal platform or stair also changes the apartment's circulation and potentially the approved use of its upper-level rooms.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $2,210 per room a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $7.29 per square foot a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- GardenSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 30, 2026 | 2B | 3 BR · 2 BA · 1,600 sf | $1,050,000 | $656/sf | +10.8% |
| Sep 17, 2026 | 2 | 3 BR · 2 BA · 1,417 sf | $925,000 | $653/sf | -1.6% |
| May 1, 2025 | 2D | 3 BR · 2 BA · 1,417 sf | $800,000 | $565/sf | — |
| Jun 26, 2024 | 5F | 1 BR · 2 BA · 1,257 sf | $700,000 | $557/sf | -29.6% |
| Mar 6, 2024 | 2B | 3 BR · 2 BA · 1,600 sf | $998,000 | $624/sf | +0.0% |
| May 19, 2023 | 3A | 3 BR · 2 BA · 1,414 sf | $1,037,500 | $734/sf | -9.8% |
| Mar 10, 2020 | 2H | 2 BR · 2 BA · 1,300 sf | $917,500 | $706/sf | -3.4% |
| May 30, 2019 | 5A | 2 BR · 2 BA · 1,420 sf | $830,000 | $585/sf | -16.6% |
Market read. Most recent trades (2026 to date) cleared a median $656/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 4.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01680-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at Magnolia Mansion Lofts and nearby.
At the recent median sale of $925K (3 sales in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $33,866 to close, or 3.7% of the price.
- Mansion tax: $0
- Mortgage recording tax: $13,355
- Title insurance: $4,163
- Attorneys, lender, building fees, reserves and filings: $16,349
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Read the upper level as part of the legal plan. The double-height rooms allow multiple residential arrangements, and advertised bedroom counts differ across comparable-size lofts. Ceiling height, direct window access and the approved layout determine how an upper-level room can be used. The enclosed sleeping rooms, open mezzanine and living area below should be distinguished on the plan before valuing the home by bedroom count.
A DOB filing on exit passages and cellar use remains open. A DOB filing addressing exit-passage violations and a change in cellar use remained open as of mid-2026, with no final sign-off. Ask the managing agent for the current status.
Comparable buildings
- 1838 Second Avenue: A smaller condominium in the broader East Harlem market for comparing deeded ownership and association scale.
- Vitre: A newer condominium with a similar order of residential scale and conventional single-level plans.
- 1399 Park Avenue: A contemporary East Harlem condominium for comparing newer construction and shared services.
- One Museum Mile: A larger condominium near Central Park for comparing park-oriented apartments and amenity costs.
- 1270 Fifth Avenue: A nearby cooperative alternative for buyers weighing tenure and a larger association against loft space.
More Harlem buildings
- The Morningside Condominiums, 306 West 116th Street — condominium
- 308–312 West 113th Street (The Parkmor) — 2018 condominium by Isaac & Stern Architects
- 309 West 118th Street (Brownstone Lane) — 2003 condominium
- 313 West 119th Street (Brownstone Lane II) — 2006 condominium
- Tesoro, 317 East 111th Street — 2008 condominium
- 320 West 115th Street — 1900 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Harlem — read The Roebling Team Guide to Harlem.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Magnolia Mansion Lofts?
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646.939.7375 · c.cohen@compass.com