---
title: "501 West 123rd Street #7B, New York City, NY 10027"
description: "501 West 123rd Street #7B, New York City, NY 10027 — Morningside Heights, New York City, NY. Listing Price $649,000. In contract 8/11/2026. 2 bed, 1 bath, 950 sqft Illustrative Buyer Commission Share of $9,735 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/501-west-123rd-street-7b-ny-10027"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 501 West 123rd Street #7B, New York City, NY 10027

Morningside Heights, New York City, NY

Courtesy of Douglas Elliman Real Estate

## At a Glance

- **Listing Price**: $649,000
- **Status**: In contract 8/11/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 2
- **Baths**: 1
- **Sqft**: 950
- **Common Charges**: $1,591 / mo
- **Price per Sqft**: $683
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $649,000
- **Illustrative Buyer Commission Share**: -$9,735*
- **Illustrative Net Cost**: $639,265

*Illustrative Buyer Savings of $9,735 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![501 West 123rd Street #7B, New York City, NY 10027 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/553ed05b-7f17-4cf6-acfa-e820b8844e9a.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/14a3da06-babb-4321-94b8-c9caca41f9f8.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2a9e86e8-3d0c-4734-8ff6-b6316bb9d558.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4eb03c23-8501-484f-aa32-0eaa20438f28.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6ade1753-325d-4575-b114-f84fb293f36a.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4c5fc5d5-406a-491a-b41f-46e6cf472ad7.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c8c4e8ac-043d-476a-81ee-f5d4432d12f2.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb295f57-6aae-4491-bd98-da6b286665e7.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e68bfd8f-8a01-4299-9b12-f5e956a9ca0f.jpg)
![501 West 123rd Street #7B, New York City, NY 10027 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/69045304-28f7-4a7b-9d20-63bf8c07b939.jpg)

## Property Overview

New to Market - Great 2 Bed Apt with Garden Views!

  Morningside Gardens @ 123rd & LaSalle St (124th St) Btw Amst & Bway.

  Live in the Heart of both Columbia's South & the New North Campus on 125th.

  Bring your imagination & a little TLC or move right into this freshly painted & newly refreshed spacious corner 2 BR, 1 Bath (950 SF Approx) apt. Currently in good Estate condition, this unit offers you several possibilities, add your distinctive touch, seize the opportunity to create an open living/dining area with an expansive windowed eat-in-kitchen (Staged Alternate Open Livingoom & Kitchen Pictures), you can have it your way. Plus tons of closets (8 in total) complete this apt.

  Enjoy listening to the birds & Riverside Church bells, the entire apt face the Beautiful Interior Gardens with super sunny Western & Northern exposers with lovely Sunsets. Low monthly maintenance - Make This Great Apt Your New Home!

  Morningside Gardens is a well-maintained, financially stable cooperative community consisting of six buildings set on eight acres of landscaped grounds with flowering gardens, mature plantings, fig and apple trees, sitting areas, picnic spaces, playgrounds, upgraded walkways, signage, and parking facilities.

  Residents enjoy an impressive range of amenities, including a state-of-the-art fitness center, children's indoor playrooms, an outdoor playground, day care, a tweens' activity room with pool table, air hockey, and table tennis, as well as clubs and workshops for ceramics, woodworking, photography, computers, and more. Additional conveniences include theater and meeting rooms, laundry, storage, garage parking, pet-friendly policies, 24/7 security, and an easy board process.

    Please note : no pied-à-terres, guarantors, or co-purchasing are permitted. Gifting is allowed, and the apartment must be used as a primary residence.

  The location places near the best of Morningside Heights, Columbia University, and Central Harlem, with restaurants, nightlife, shopping, health clubs, movie theaters, the Morningside Park Farmers Market, Whole Foods, and local cultural destinations all close by.

 Nearby institutions and landmarks include Columbia University, Barnard College, Teachers College, Manhattan School of Music, Jewish Theological Seminary, Union Theological Seminary, Riverside Church, Grant's Tomb, Mount Sinai Morningside, Riverside Park, Sakura Park,  Morningside Park, Hudson River Park, and Harlem River Piers. The area also offers excellent access to running and biking paths, tennis courts, and green space.

 Transportation is highly convenient, with access to the 1, 2, 3, A, B, C, and D trains, along with the M4, M11, M60, M100, M101, M104, and BX15 buses.

## Property Details

- **Property Type**: Co-op
- **Beds**: 2
- **Baths**: 1
- **Rooms**: 4
- **Sqft**: 950 sqft
- **Stories**: 21
- **Year Built**: 1956
- **Price per Sqft**: $683
- **Common Charges**: $1,591 / Monthly
- **Listed On**: Jul 21, 2026
- **Days on Market**: 47 Days

### Residence Features

- Window Unit(s)
- Building Other
- Building Courtyard
- Dining Area
- Dishwasher
- City
- Park/Greenbelt

## Sales Evidence

### Recent closed sales

105 apartments at MORNINGSIDE GARDENS have recorded sales since September 2021, the most recent for $310,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [6E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/70-la-salle-street-e-6E-ny-10027) (Apartment) | Studio | 500 | $310,000 | $620/ft² | August 18, 2026 | MLS |
| [8E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/90-la-salle-street-e-8E-ny-10027) (Apartment) | Studio | — | $300,000 | — | July 29, 2026 | MLS |
| 7B (Apartment) | 1 | — | $539,000 | — | June 22, 2026 | City record · MLS |
| 12H (Apartment) | 1 | — | $510,000 | — | May 19, 2026 | City record · MLS |
| 10H (Apartment) | 1 | — | $350,000 | — | May 7, 2026 | City record · MLS |
| 8C (Apartment) | 2 | — | $595,000 | — | February 9, 2026 | City record · MLS |
| 11H (Apartment) | 1 | — | $560,000 | — | January 20, 2026 | City record · MLS |
| 6B (Apartment) | 2 | — | $665,000 | — | January 8, 2026 | City record · MLS |
| 3a (Apartment) | 2 | 950 | $635,000 | $668/ft² | December 18, 2025 | City record · MLS |
| 10C (Apartment) | 2 | — | $600,000 | — | October 27, 2025 | City record · MLS |
| 13C (Apartment) | 2 | — | $605,000 | — | October 21, 2025 | City record · MLS |
| 21D (Apartment) | 2 | — | $690,000 | — | October 20, 2025 | City record · MLS |
| 14C (Apartment) | 2 | — | $718,000 | — | October 15, 2025 | City record · MLS |
| 19H (Apartment) | 1 | — | $530,000 | — | August 14, 2025 | City record · MLS |
| 6D (Apartment) | 1 | — | $475,000 | — | August 13, 2025 | City record · MLS |
| 5A (Apartment) | 2 | — | $550,000 | — | July 28, 2025 | City record · MLS |
| 11H (Apartment) | 1 | — | $525,000 | — | July 21, 2025 | City record · MLS |
| 15D (Apartment) | 2 | — | $685,000 | — | July 21, 2025 | City record · MLS |
| 16E (Apartment) | Studio | — | $275,000 | — | July 1, 2025 | City record · MLS |
| 15B (Apartment) | 2 | — | $650,000 | — | June 11, 2025 | City record · MLS |
| 2B (Apartment) | 2 | — | $620,000 | — | May 15, 2025 | City record · MLS |
| 18G (Apartment) | 2 | 950 | $775,000 | $816/ft² | May 8, 2025 | City record · MLS |
| 7G (Apartment) | 2 | 950 | $605,000 | $637/ft² | March 26, 2025 | City record · MLS |
| 11G (Apartment) | 2 | — | $725,000 | — | March 20, 2025 | City record · MLS |
| 4A (Apartment) | 2 | — | $610,000 | — | March 13, 2025 | City record · MLS |
| 21A (Apartment) | 2 | — | $700,000 | — | March 10, 2025 | City record · MLS |
| 9F (Apartment) | 3 | — | $1,050,000 | — | February 25, 2025 | City record · MLS |
| 11F (Apartment) | 3 | — | $903,000 | — | February 5, 2025 | City record · MLS |
| 20-D (Apartment) | 2 | — | $628,000 | — | January 22, 2025 | City record · MLS |
| 10G (Apartment) | 2 | 950 | $642,000 | $676/ft² | January 14, 2025 | City record · MLS |
| 19C (Apartment) | 2 | — | $595,000 | — | December 18, 2024 | City record · MLS |
| 13B (Apartment) | 2 | 950 | $610,000 | $642/ft² | December 18, 2024 | City record · MLS |
| 18F (Apartment) | 3 | — | $1,200,000 | — | December 12, 2024 | City record · MLS |
| 4F (Apartment) | 3 | 1,200 | $985,000 | $821/ft² | November 5, 2024 | City record · MLS |
| 12E (Apartment) | Studio | — | $325,000 | — | October 30, 2024 | MLS |
| 2B (Apartment) | 1 | — | $420,000 | — | October 17, 2024 | MLS |
| 11H (Apartment) | 1 | — | $430,000 | — | October 17, 2024 | MLS |
| 21D (Apartment) | 2 | — | $625,000 | — | October 16, 2024 | City record · MLS |
| 5C (Apartment) | — | — | $606,500 | — | October 9, 2024 | City record |
| 4-D (Apartment) | 2 | 950 | $635,000 | $668/ft² | August 28, 2024 | City record · MLS |

Showing the 40 most recent of 105 recorded sales in this period.

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable two-bedroom sales at MORNINGSIDE GARDENS is $637,500, based on 50 sales between September 2021 and February 2026. This home is asking $649,000, $11,500 above that median. The middle half of those sales closed between $615,000 and $673,750.

- **Median closed price**: $637,500
- **Middle half**: $615,000 – $673,750
- **Based on**: 50 two-bedroom sales at MORNINGSIDE GARDENS
- **Period**: September 2021 – February 2026

Square footage is recorded for only 14 of these 50 sales (28%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

Across the 42 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 79% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 96.2% of the original ask
- **Closed below ask**: 79% of 42 sales
- **Listed → in contract**: 63 days (about 9 weeks)
- **In contract → closed**: 92 days (about 13 weeks)

Across the 42 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 79% of them closed below the original ask.

Half of these homes were in contract within 63 days (about 9 weeks) of coming to market, based on the 42 with a recorded listing date.

Once a deal was agreed, closing took a further 92 days (about 13 weeks), based on the 42 with both dates recorded. A co-op board package and its interview account for much of that.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 50 two-bedroom sales at MORNINGSIDE GARDENS, September 2021 – February 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median sold price for co-op two-bedroom sales in Morningside Heights, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $1,155,000 | 14 |
| 2018 | $758,750 | 16 |
| 2019 | $786,000 | 19 |
| 2021 | $715,000 | 29 |
| 2022 | $690,000 | 22 |
| 2023 | $659,500 | 18 |
| 2024 | $705,000 | 18 |
| 2025 | $667,500 | 22 |

This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Morningside Heights instead.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at MORNINGSIDE GARDENS](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/morningside-gardens)

## Price and Property History for 501 West 123RD Street, Unit 7B

Review the recorded listing activity for 501 West 123RD Street, Unit 7B, including asking-price changes and prior market dates.

- **Entered contract**: August 11, 2026
- **Last sold (recorded)**: $539,000 on June 22, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| August 11, 2026 | $649,000 | Entered contract |
| July 21, 2026 | $649,000 | Listed for sale by Douglas Elliman Real Estate |
| June 22, 2026 | $539,000 | Sold — recorded sale price |
| March 31, 2026 | $539,000 | Entered contract |
| March 10, 2026 | $539,000 | Returned to the market |
| February 1, 2026 | $539,000 | Listed for sale by Compass |
| December 22, 2021 | $665,000 | Sold — recorded sale price |
| September 29, 2021 | $675,000 | Entered contract |
| August 10, 2021 | $675,000 | Listed for sale by Compass |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 982 apartments. The corporation’s 2026 property tax bill was $8,557,953 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for MORNINGSIDE GARDENS](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/morningside-gardens)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### MORNINGSIDE GARDENS

Morningside Heights · Stock Cooperative

90 LA SALLE Street, New York, NY 10027

A building in Morningside Heights, currently featuring 14 active listings.

- **Year Built**: 1957
- **Total Units**: 14
- **Floors**: 21

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/morningside-gardens)

### Available Residences — For Sale (14)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [7B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/501-west-123rd-street-7b-ny-10027) | 2 | 1 | 950 sqft | $683 | $649,000 — In contract | Douglas Elliman Real Estate | Jul 21, 2026 | 47 days |
| [3G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/549-west-123rd-street-3g-ny-10027) | 2 | 1 | 950 sqft | $721 | $685,000 (-2.0%) — In contract | Douglas Elliman Real Estate | Jun 14, 2023 | 1,180 days |
| [18E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/549-west-123rd-street-e-18E-ny-10027) | Studio | 1 | — | — | $350,000 — In contract | Bond New York Properties LLC | Sep 17, 2025 | 354 days |
| [5E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/100-la-salle-street-e-5E-ny-10027) | Studio | 1 | 500 sqft | $598 | $299,000 | Douglas Elliman Real Estate | Dec 31, 2025 | 249 days |
| [2E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/80-la-salle-street-e-2E-ny-10027) | Studio | 1 | 525 sqft | $570 | $299,000 (-3.5%) — In contract | Corcoran Group | Jan 20, 2026 | 229 days |
| [5E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/70-la-salle-street-e-5E-ny-10027) | Studio | 1 | 500 sqft | $620 | $310,000 | Corcoran Group | Jan 20, 2026 | 229 days |
| [9A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/80-la-salle-street-9a-ny-10027) | 1 | 1 | — | — | $510,000 (-2.9%) | Corcoran Group | Jan 29, 2026 | 220 days |
| [12E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/501-west-123rd-street-e-12E-ny-10027) | Studio | 1 | 500 sqft | $620 | $310,000 | Douglas Elliman Real Estate | Feb 1, 2026 | 217 days |
| [6E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/70-la-salle-street-e-6E-ny-10027) | Studio | 1 | 500 sqft | $620 | $310,000 | Douglas Elliman Real Estate | Feb 1, 2026 | 217 days |
| [8E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/90-la-salle-street-e-8E-ny-10027) | Studio | 1 | — | — | $300,000 | Compass | Mar 2, 2026 | 188 days |
| [7G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/80-la-salle-street-g-7G-ny-10027) | 2 | 1 | 950 sqft | $658 | $625,000 — In contract | Douglas Elliman Real Estate | Jun 24, 2026 | 74 days |
| [21H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/549-west-123rd-street-21h-ny-10027) | 1 | 1 | 750 sqft | $799 | $599,000 — In contract | Douglas Elliman Real Estate | Jul 15, 2026 | 53 days |
| [2A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/501-west-123rd-street-2a-ny-10027) | 2 | 1 | — | — | $635,000 — In contract | Corcoran Group | Jul 30, 2026 | 38 days |
| [9H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/80-la-salle-street-9h-ny-10027) | 1 | 1 | — | — | $525,000 — In contract | Corcoran Group | Aug 13, 2026 | 24 days |

## Estimated Monthly Payment

**$4,873 / month**, assuming a 20% down payment ($129,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,282
- **Common Charges**: $1,591

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Morningside Heights

Overview of Morningside Heights

[Explore Morningside Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Morningside Heights

- [Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)
- [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side)
- [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park)

## Related Links

- [MORNINGSIDE GARDENS — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/morningside-gardens)
- [Morningside Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.