241 East 123rd Street #1-7

$2,549,000

for sale

Price Drop$151,000

3,600 ft²

$708 per ft²

31 rooms

7 beds

7 baths

Rental unit
East Harlem
Resale

Listing by Daniel Gale Sotheby's International Realty, Real Estate Principal Office, 78 Seventh Avenue, Brooklyn, NY 11217

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Common charges

Not applicable

Estimated payment

$13,458/mo

Taxes

$984/mo

Tax abatement

No info

About

Seller’s agent

Liam Killie

Licensed Real Estate Salesperson

Daniel Gale Sotheby's International Realty

Description

PRICE IMPROVEMENT!

241 East 123rd Street presents the opportunity to acquire a 7-unit multifamily building in the heart of East Harlem. The property consists of 4 free-market units and 3 rent-stabilized units, providing stable in-place income with a clear path to future growth.

The building currently generates strong cash flow and offers significant upside through unit turnover, rent optimization, and operational improvements.

Policies

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Home features

Private outdoor space
Garden

Building amenities

Services and facilities

No info on services and facilities

Wellness and recreation

No info on wellness and recreation

Shared outdoor space

Courtyard

About the building

241 East 123rd Street

241 East 123rd Street, New York, NY 10035

Rental building inEast Harlem

10 units

3 stories

1910 built

For sale

1 available units for sale

For rent

0 available units for rent

Documents and permits

View documents and permits

Learn more about 241 East 123rd Street

Property history

Price change: ↓ $151,000 (-5.6%) on 6/11/26
Days on market: 49 days

Date	Price	Event
6/11/2026	$2,549,000	Price decreased by 6%
4/30/2026	$2,700,000	Listed by Daniel Gale Sotheby's International Realty

Explore East Harlem

Transit

Location	Distance
456at 125th St	0.19 miles
6at 116th St	0.4 miles
23at 125th St	0.66 miles
6at 110th St	0.69 miles
23at 116th St	0.75 miles

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About East Harlem

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

Sales

Median asking price

7 beds

$2.37M

East Harlem has a wealth of mom-and-pop shops, a lively art scene, and is home to East River Plaza shopping mall known for its big-box stores, including Costco.

Learn more about East Harlem