$2,700,000
241 E 123rd Street #1-7
MLS® #RLS20087967
Listing by Daniel Gale of Brooklyn LLC
7
Bedrooms
7
Baths
N/A
Sq. Ft.
1910
Year Built
Quick Summary
Property Highlights
- Character: Pre-war building (1910)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Apr 30, 2026 | $2,700,000 | - |
| Currently | Apr 30, 2026 | $2,700,000 | - |
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.
Features & Amenities
Interior Features
Building Information
Financial Details
About East Harlem
View All East Harlem ListingsEast Harlem, also known as El Barrio, is a neighborhood rich in culture, art, and history. Known for its colorful murals and the historic La Marqueta, the area features a growing number of new residential developments alongside historic buildings. The real estate market offers some of Manhattan's most accessible price points, featuring a mix of historic walk-up cooperatives, value-driven HDFC units, and a surge of new luxury condominium developments that offer modern amenities and easy access to the Upper East Side.
East Harlem Live Market Data
View NeighborhoodActive Listings
61
Median Asking Price
$795K
Median $/Sqft
$832
Avg Days on Market
N/A
New This Week
4
Price Reduced
41%
Sold (30 Days)
6
Median Sale Price
$665K
Live data from RLS at REBNY • Updated 4/30/26, 4:20 PM EST
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Location
241 E 123rd Street #1-7, East Harlem, New York County • Near Second Avenue & Third Avenue
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $10,490, or roughly $874 per month. Verify the current assessment with your attorney before closing.
This property has 7 bedrooms and 7 full bathrooms.
According to MLS records, the building was constructed in 1910, making it approximately 116 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Daniel Gale of Brooklyn LLC - Liam Killie
Listing Contact: (631) 433-9407
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 4/30/2026 at 8:20 PM UTC