---
title: "241 East 123rd Street #BLDNG, New York City, NY 10035"
description: "241 East 123rd Street #BLDNG, New York City, NY 10035 — Multi Family Home in East Harlem, Manhattan, NY. Listing Price $2,395,000. Price Reduced: Reduced $154,000 (6%) from $2,549,000 on November 9, 2026. 7 bed, 7 bath, 3,600 sqft Illustrative Buyer Commission Share of $35,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10035/241-east-123rd-street--7-17-ny-10035"
source: "Real Estate Rebate Team"
dateModified: "2026-11-09T21:28:11.431Z"
status: "Active"
---

# 241 East 123rd Street #BLDNG, New York City, NY 10035

Multi Family Home in East Harlem, Manhattan, NY

Listing Courtesy of Daniel Gale of Brooklyn LLC

Listing updated: Nov 9, 2026, 3:42 PM ET

Page updated: November 9, 2026, 4:28 PM ET

## At a Glance

- **Listing Price**: $2,395,000
- **Price Reduced**: Reduced $154,000 (6%) from $2,549,000 on November 9, 2026
- **Beds**: 7
- **Baths**: 7
- **Sqft**: 3,600
- **Monthly Taxes**: $874 / mo
- **Price per Sqft**: $665
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares up to 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**: $2,395,000
- **Illustrative Buyer Commission Share**: -$35,925*
- **Illustrative Net Cost**: $2,359,075

*Illustrative Buyer Savings of $35,925 — 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)

![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/08bd601c-d10f-4deb-9697-0062bc5276a9.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6fdb144-1fda-4ea7-99f2-95cfabbb9a12.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09490c93-37fc-40af-9268-8567f6d582ce.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/39d80843-31c2-4d97-bfc2-0485adb4316c.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e425c8d1-906d-4214-905d-f41275fb2bad.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b7f9f64e-6ec8-4072-a854-4487ddeb23ba.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/92d536cd-05c2-4ce8-bf38-0e567c47d9c3.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/37c6609c-4c12-4403-b471-395c838d38ee.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b97b740e-0d67-48f0-8d7f-aaf538f7c7f9.png)
![241 East 123rd Street #BLDNG, New York City, NY 10035 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2a014be0-08b4-4870-81d0-bc13558ce5b0.png)

## Property Description

Price Improvement | $2,395,000 | 5.71% In-Place Cap Rate

241 East 123rd Street is a seven-unit multifamily building between Second and Third Avenues in East Harlem. At the revised asking price, the property is offered at approximately $342,143 per unit. Stated annual NOI of $136,763 equates to a 5.71% in-place cap rate. Illustrative projected NOI of approximately $165,000 equates to a 6.89% projected cap rate, subject to leasing assumptions, legally permissible rent changes and operating expenses.

The building contains a mix of free-market and rent-stabilized apartments, including a garden-level two-bedroom with full-height ceilings and private outdoor space. For buyers considering owner occupancy, Unit 6 is currently occupied by a member of the owner’s family. Potential vacant delivery of that apartment can be discussed, giving a buyer the option to explore living on-site while retaining rental income from the remaining apartments.

The existing mortgage may be assumable, subject to lender approval and purchaser qualification. The rate is fixed at 4.40% through July 2030, adjusts thereafter and matures in July 2050. The property is in an R7B zoning district and a designated Opportunity Zone. Potential additional zoning floor area is subject to independent verification.

The building is near the 4, 5 and 6 trains at 125th Street, Metro-North’s Harlem–125th Street station, East River Plaza and major transportation corridors including the FDR Drive. The MTA’s Second Avenue Subway Phase 2 will bring future Q service to 125th Street and Lexington Avenue.

Contact Liam Killie for the offering memorandum, rent roll, operating figures and financing summary, or to arrange a private showing.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 7
- **Baths**: 7
- **Rooms**: 31
- **Sqft**: 3,600 sqft
- **Stories**: 3
- **Year Built**: 1910
- **Price per Sqft**: $665
- **Monthly Taxes**: $874 / mo
- **Listed On**: Apr 30, 2026
- **Days on Market**: 196 Days

### Residence Features

- Oil
- Partially Finished

## Estimated Monthly Payment

**$12,985 / month**, assuming a 20% down payment ($479,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $12,110
- **Property Taxes**: $874

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

## Sales and market data

### How this price compares

- **This home**: $2,395,000
- **Median sold price**: $1,995,000
- **Difference**: +$400,000 (+20.1%)
- **This home, $/ft²**: $665
- **Median $/ft²**: $517
- **Comparable sales**: 7
- **Sales from**: December 2021 – June 2026
- **Middle half of those sales**: $1,760,000 – $2,425,000

Based on house sales in East Harlem.

A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across East Harlem. Apartment sales are excluded from it entirely.

### How these sales were negotiated

- **Sale-to-list price**: 85.9% (5 sales)
- **Sold below asking**: 100% (5 sales)
- **Typical time to find a buyer**: 162 days (7 sales)
- **Typical time to close**: 103 days (7 sales)

Based on house sales in East Harlem with the required listing and closing data. Sample sizes vary by metric.

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.

Sales data through June 2026.

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 241 East 123rd Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/241-east-123rd-street)

## Price and Property History for 241 East 123rd Street, Unit BLDNG

Review the recorded listing activity for 241 East 123rd Street, Unit BLDNG, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $154,000, or 6%, on November 9, 2026
- **Originally listed**: April 16, 2026 at $2,700,000
- **Current asking price**: $2,395,000

| Date | Price | Listing event |
| --- | --- | --- |
| November 9, 2026 | $2,395,000 | Asking price reduced by $154,000, or 6% |
| June 11, 2026 | $2,549,000 | Asking price reduced by $151,000, or 5.6% |
| April 16, 2026 | $2,700,000 | Listed for sale by Daniel Gale of Brooklyn LLC |

## Property Tax History

Taxes at 241 East 123rd Street #BLDNG are estimated at $11,929 in 2026, up 0.5% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $145,800 | $89,100 | $56,700 | $95,434 | $11,929 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $121,500 | $89,100 | $32,400 | $95,410 | $11,868 | 12.439% |
| 2024 (FY 2024/25) | $152,100 | $89,100 | $63,000 | $92,455 | $11,557 | 12.5% |
| 2023 (FY 2023/24) | $139,500 | $89,100 | $50,400 | $85,618 | $10,704 | 12.502% |
| 2022 (FY 2022/23) | $149,400 | $89,100 | $60,300 | $79,278 | $9,725 | 12.267% |
| 2021 (FY 2021/22) | $175,500 | $89,100 | $86,400 | $73,411 | $8,982 | 12.235% |
| 2020 (FY 2020/21) | $189,450 | $89,100 | $100,350 | $73,392 | $9,003 | 12.267% |
| 2019 (FY 2019/20) | $231,840 | $89,100 | $142,740 | $71,119 | $8,871 | 12.473% |
| 2018 (FY 2018/19) | $65,860 | — | — | $65,860 | $8,306 | 12.612% |
| 2017 (FY 2017/18) | $60,983 | — | — | $60,983 | $7,756 | 12.719% |
| 2016 (FY 2016/17) | $56,470 | — | — | $56,470 | $7,280 | 12.892% |
| 2015 (FY 2015/16) | $56,455 | — | — | $56,455 | $7,273 | 12.883% |
| 2014 (FY 2014/15) | $54,707 | — | — | $54,707 | $7,033 | 12.855% |
| 2013 (FY 2013/14) | $50,662 | — | — | $50,662 | $6,660 | 13.145% |
| 2012 (FY 2012/13) | $46,910 | — | — | $46,910 | $6,183 | 13.181% |
| 2011 (FY 2011/12) | $43,439 | — | — | $43,439 | $5,835 | 13.433% |
| 2010 (FY 2010/11) | $43,427 | — | — | $43,427 | $5,799 | 13.353% |

The FY2026/27 figure is a carried-forward estimate, calculated with an earlier year's published rate. The City Council adopted FY2026/27 rates in June 2026, but they may still be revised under a later State law, and this table has not yet been updated with a final FY2026/27 rate. Every rate without the Estimated marker is the published rate for its year.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Assessed and billable values are from the New York City Department of Finance assessment roll for tax lot 1017880017. The City determines them for tax purposes; they are not an appraisal or an estimate of market value. Property tax is calculated from NYC Department of Finance assessment data, including recorded exemptions and abatements where applicable. Actual tax bills and a future buyer's taxes may differ. Tax classes and rates are set annually and can change.

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

## About The Building

### 241 East 123rd Street

241 East 123rd Street, New York, NY 10035

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 1910
- **Active Units**: 1
- **Floors**: 3

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/241-east-123rd-street)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [BLDNG](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10035/241-east-123rd-street--7-17-ny-10035) | 7 | 7 | 3,600 sqft | $665 | $2,395,000 (-6.0%) | Daniel Gale of Brooklyn LLC | Apr 30, 2026 | 196 days |

## East Harlem

Overview of East Harlem

[Explore East Harlem](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby East Harlem

- [Randall's Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/randall-s-island)
- [Morningside Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights)
- [Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem)
- [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park)

## Related Links

- [241 East 123rd Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/241-east-123rd-street)
- [East Harlem neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)
- [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 LLC. 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.