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241 E 123rd Street #BLDNG, Manhattan, NY 10035

Manhattan
Local realty services provided by:CENTURY 21 Awaye Realty
241 E 123rd Street #BLDNG,Manhattan, NY 10035
$2,395,000
  • 7 Beds
  • 7 Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active
Listed by: liam killie
Office: daniel gale of brooklyn llc.
MLS#:RLS20087967
Source:NY_REBNY

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$665.28

About this home

Price Improvement | $2,395,000 | 5.71% In-Place Cap Rate 241 East 123rd Street is a seven-unit multifamily building between Second and Third Avenues in East Harlem. At the revised asking price, the property is offered at approximately $342,143 per unit. Stated annual NOI of $136,763 equates to a 5.71% in-place cap rate. Illustrative projected NOI of approximately $165,000 equates to a 6.89% projected cap rate, subject to leasing assumptions, legally permissible rent changes and operating expenses. The building contains a mix of free-market and rent-stabilized apartments, including a garden-level two-bedroom with full-height ceilings and private outdoor space. For buyers considering owner occupancy, Unit 6 is currently occupied by a member of the owner’s family. Potential vacant delivery of that apartment can be discussed, giving a buyer the option to explore living on-site while retaining rental income from the remaining apartments. The existing mortgage may be assumable, subject...

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Home facts

  • Year built:1910
  • Subdivision & Development:East Harlem
  • Listing ID #:RLS20087967
  • Added:1 day(s) ago
  • Updated:November 10, 2026 at 02:02 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Full bathrooms:7
  • Rooms Total:31
  • Basement:Yes
  • Living area:3,600 sq. ft.

Heating and cooling

  • Heating:Oil

Structure and exterior

  • Year built:1910
  • Building area:3,600 sq. ft.
  • Levels:3 Story

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$665.28
  • Tax amount:$10,490
MLS LogoThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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