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No HOA 
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$2,549,000
7 Beds
7 Baths7 full baths
3,600sqft
241 E 123Rd St #1-7, New York, NY 10035
$2,549,000
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Multi Family
Built in 1910
$-- HOA
2,119 sqft lot
$708/sq.ft
Description
PRICE IMPROVEMENT – NOW OFFERED AT $2,549,000.
241 East 123rd Street presents the opportunity to acquire a 7-unit multifamily building in the heart of East Harlem at a 5.4% in-place cap rate with projected returns approaching 6.5%. The property features a balanced mix of 4 free-market and 3 rent-stabilized units, providing stable cash flow today with a clear path to future income growth.
The asset currently generates approximately $136K in NOI and offers multiple opportunities to increase revenue through unit turnover, rent optimization, and operational improvements. Unit 6 is currently owner occupied and Unit 2 is occupied without a formal lease, creating additional av...
- Houzeo last checked: 5 minutes ago
- Listing updated: July 23, 2026 at 4:24 pm
- Listing Provided by: Liam Killie (631) 433-9407 | Daniel Gale of Brooklyn LLC (718) 638-6500
- Source: Rebny MLS-NY | MLS#: RLS20087967
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1910
HOA Fees
-
Finished Area
3,600 sqft
Lot Size
2,119 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20087967
Days on Market
116
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