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No HOA
Street View
$2,549,000
Monthly Est:$12,687
7 Beds
7 Baths7 full baths
3,600sqft
241 E 123rd Street #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: 35 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
139
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 7
Interior
Heating
Oil
Utilities & Energy
Laundry Features
Building None, None
Basement
Partially Finished
Other Features
Subdivision Name
East Harlem
Price History
| Date | Event | Price |
|---|---|---|
04/30/2026 Source: | Price Increased | $2,700,000 +5.92% $750/sqft |
04/30/2026 Source: | Listed for Sale | $2,549,000 $708/sqft |
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Sep 17, 2026, 03:31PM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
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