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Listing Courtesy of Daniel Gale of Brooklyn LLC
$ 2,700,000
Est. payment | /mo
7 Beds
7 Baths
$ 2,700,000
Est. payment | /mo
7 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East Harlem
MLS Listing ID RLS20087967
Bedrooms 7
Full Baths 7
HOA Y/N Yes
Year Built 1910
Annual Tax Amount $10,490
Property Sub-Type Multi Family
Property Description
241 East 123rd Street presents the opportunity to acquire a 7-unit multifamily building in the heart of East Harlem. The property features a balanced mix of free market and rent-stabilized units, providing stable in-place income with a clear path to future growth.
The current configuration offers immediate cash flow with approximately $136K in NOI, alongside the ability to increase revenue through unit turnover and rent alignment. The unit mix includes a garden-level 2-bedroom apartment with full ceiling height and private outdoor space, supporting strong rental demand.
Located within an R7B zoning district, the property benefits from additional buildable potential (buyer to verify) and is positioned within an Opportunity Zone.
The property benefits from excellent connectivity, located near the 4, 5, and 6 subway lines, Metro-North, and major transportation routes including the RFK and Willis Avenue Bridges. Proximity to East River Plaza and surrounding retail amenities supports strong tenant demand and long-term rental stability.
Ideal for investors seeking a combination of in-place income and long-term upside.
The current configuration offers immediate cash flow with approximately $136K in NOI, alongside the ability to increase revenue through unit turnover and rent alignment. The unit mix includes a garden-level 2-bedroom apartment with full ceiling height and private outdoor space, supporting strong rental demand.
Located within an R7B zoning district, the property benefits from additional buildable potential (buyer to verify) and is positioned within an Opportunity Zone.
The property benefits from excellent connectivity, located near the 4, 5, and 6 subway lines, Metro-North, and major transportation routes including the RFK and Willis Avenue Bridges. Proximity to East River Plaza and surrounding retail amenities supports strong tenant demand and long-term rental stability.
Ideal for investors seeking a combination of in-place income and long-term upside.
Location
State NY
County New York
Rooms
Basement Partially Finished
Interior
Heating Oil
Equipment Call Listing Agent
Fireplace No
Laundry Building None, None
Exterior
View Y/N No
Present Use Investment,Multi-Family,Residential,Single Family
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 3
New Construction No
Others
Tax ID 1788-0017
Ownership None
Monthly Total Fees $874
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY