--- title: "241 East 123rd Street #1-7, New York City, NY 10035" description: "241 East 123rd Street #1-7, New York City, NY 10035 — Multi Family Home in East Harlem, Manhattan, NY. Listing Price $2,549,000. 7 bed, 7 bath, 3,600 sqft Illustrative Buyer Commission Share of $38,235 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" status: "Active" --- # 241 East 123rd Street #1-7, New York City, NY 10035 Multi Family Home in East Harlem, Manhattan, NY Courtesy of Daniel Gale of Brooklyn LLC ## At a Glance - **Listing Price**: $2,549,000 - **Beds**: 7 - **Baths**: 7 - **Sqft**: 3,600 - **Monthly Taxes**: $874 / mo - **Price per Sqft**: $708 - **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**: $2,549,000 - **Illustrative Buyer Commission Share**: -$38,235* - **Illustrative Net Cost**: $2,510,765 *Illustrative Buyer Savings of $38,235 — 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 #1-7, New York City, NY 10035 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d13d6d26-d5c9-4ab7-9cbc-4ba965a95a33.png) ![241 East 123rd Street #1-7, New York City, NY 10035 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/61aa1417-48ce-4221-b468-0eac0306f9c8.jpg) ![241 East 123rd Street #1-7, New York City, NY 10035 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e425c8d1-906d-4214-905d-f41275fb2bad.png) ![241 East 123rd Street #1-7, New York City, NY 10035 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6fdb144-1fda-4ea7-99f2-95cfabbb9a12.png) ![241 East 123rd Street #1-7, New York City, NY 10035 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/37c6609c-4c12-4403-b471-395c838d38ee.png) ![241 East 123rd Street #1-7, 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 #1-7, 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 #1-7, New York City, NY 10035 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/39d80843-31c2-4d97-bfc2-0485adb4316c.png) ![241 East 123rd Street #1-7, 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 #1-7, New York City, NY 10035 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09490c93-37fc-40af-9268-8567f6d582ce.png) ## Property Overview PRICE IMPROVEMENT – NOW OFFERED AT $2,549,000. 241 East 123rd Street presents the opportunity to acquire a 7-unit multifamily building in the heart of East Harlem at a 5.4% in-place cap rate with projected returns approaching 6.5%. The property features a balanced mix of 4 free-market and 3 rent-stabilized units, providing stable cash flow today with a clear path to future income growth. The asset currently generates approximately $136K in NOI and offers multiple opportunities to increase revenue through unit turnover, rent optimization, and operational improvements. Unit 6 is currently owner occupied and Unit 2 is occupied without a formal lease, creating additional avenues for future value creation. The unit mix includes a desirable 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 FAR (buyer to verify), Opportunity Zone designation, and potential assumable financing (subject to lender approval). Conveniently located near the 4, 5, and 6 subway lines, Metro-North, East River Plaza, and major transportation corridors, the property is well-positioned to benefit from continued neighborhood growth and strong tenant demand. An attractive value-add investment opportunity offering immediate income, long-term appreciation potential, and multiple paths to future NOI growth. ## Property Details - **Property Type**: Multi Family - **Beds**: 7 - **Baths**: 7 - **Rooms**: 31 - **Sqft**: 3,600 sqft - **Stories**: 3 - **Year Built**: 1910 - **Price per Sqft**: $708 - **Monthly Taxes**: $874 / mo - **Listed On**: Apr 30, 2026 - **Days on Market**: 135 Days ### Residence Features - Oil - Partially Finished ## Sales Evidence ### How this price compares The median closed price for comparable house sales in East Harlem is $1,995,000, based on 7 sales between December 2021 and June 2026. This home is asking $2,549,000, $554,000 above that median. The middle half of those sales closed between $1,760,000 and $2,425,000. - **Median closed price**: $1,995,000 - **Middle half**: $1,760,000 – $2,425,000 - **Based on**: 7 house sales in East Harlem - **Period**: December 2021 – June 2026 - **Median $/ft²**: $517/ft² Across the 5 of these sales with a published asking price, the median closed at 85.9% of what it originally asked. 100% of them closed below the original ask. 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 - **Sold vs original ask**: 85.9% of the original ask - **Closed below ask**: 100% of 5 sales - **Listed → in contract**: 162 days (about 23 weeks) - **In contract → closed**: 103 days (about 15 weeks) Across the 5 of these sales with a published asking price, the median closed at 85.9% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 162 days (about 23 weeks) of coming to market, based on the 7 with a recorded listing date. Once a deal was agreed, closing took a further 103 days (about 15 weeks), based on the 7 with both dates recorded. 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 7 house sales in East Harlem, December 2021 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. 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 1-7 Review the recorded listing activity for 241 East 123rd Street, Unit 1-7, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $151,000, or 5.6%, on June 11, 2026 - **Originally listed**: April 16, 2026 at $2,700,000 - **Current asking price**: $2,549,000 | Date | Price | Listing event | | --- | --- | --- | | 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 #1-7 were $11,929 in 2026. | 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 | $11,926 | 12.5% (estimated) | | 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 City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. 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. Figures are the New York City Department of Finance assessment roll for tax lot 1017880017. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. 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 - **Total 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [1-7](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10035/241-east-123rd-street--7-17-ny-10035) | 7 | 7 | 3,600 sqft | $708 | $2,549,000 (-5.6%) | Daniel Gale of Brooklyn LLC | Apr 30, 2026 | 135 days | ## Estimated Monthly Payment **$13,763 / month**, assuming a 20% down payment ($509,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $12,889 - **Property Taxes**: $874 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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. 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.