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231 East 123rd Street 231 E 123rd St 11 Unit Apartment Building For Sale New York, NY 10035
Executive Summary
231 East 123rd Street presents a compelling value-add investment opportunity in the heart of East Harlem, one of Manhattan’s fastest-evolving residential neighborhoods. The property is approximately 11,576 square feet.
The unit mix consists of ten (10) one-bedroom apartments and one (1) penthouse three-bedroom apartment, and the buildings has been thoughtfully improved with condo-like interior finishes, positioning the asset above typical rental stock and providing a strong foundation for future value creation.
Each apartment features ductless mini-split systems providing individual heating and air conditioning, offering modern HVAC efficiency and tenant control. Several units benefit from private outdoor space, and the building is serviced by an elevator.
231 East 123rd Street offers investors the opportunity to acquire a well-located, well-designed boutique building with modern systems, attractive layouts, and clear upside through continued improvement and strategic execution. The combination of building width, elevator service, outdoor space, and upgraded finishes makes this a differentiated asset within the East Harlem marketplace and a strong candidate for investors seeking long-term value appreciation in a growing neighborhood.
The unit mix consists of ten (10) one-bedroom apartments and one (1) penthouse three-bedroom apartment, and the buildings has been thoughtfully improved with condo-like interior finishes, positioning the asset above typical rental stock and providing a strong foundation for future value creation.
Each apartment features ductless mini-split systems providing individual heating and air conditioning, offering modern HVAC efficiency and tenant control. Several units benefit from private outdoor space, and the building is serviced by an elevator.
231 East 123rd Street offers investors the opportunity to acquire a well-located, well-designed boutique building with modern systems, attractive layouts, and clear upside through continued improvement and strategic execution. The combination of building width, elevator service, outdoor space, and upgraded finishes makes this a differentiated asset within the East Harlem marketplace and a strong candidate for investors seeking long-term value appreciation in a growing neighborhood.
Property Facts
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 11 | Building Size | 11,576 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | R7B | ||
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 11,576 SF |
| No. Stories | 6 |
| Year Built | 2018 |
| Opportunity Zone |
Yes |
| Zoning | R7B |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 1788-0013 | Improvements Assessment | $1,363,500 |
| Land Assessment | $199,800 | Total Assessment | $1,563,300 |
Property Taxes
Parcel Number
1788-0013
Land Assessment
$199,800
Improvements Assessment
$1,363,500
Total Assessment
$1,563,300
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231 East 123rd Street | 231 E 123rd St
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