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CondominiumEast Harlem

230 East 124th Street #4B, New York City, NY 10035

Listing Courtesy of TRIBRONYC LLC

$3,750/mo

Potential Rebate: $56

Condominium
2 Beds
2 Baths
6 Rooms
1,305 sqft
Built 1900
3/ft²
Listed on Jun 26, 2024
552 days on market

Overview

The Maxell offers RARE RENT STABILIZED LUXURY APARTMENTS! <br><br>VIDEO TOUR AVAILABLE TO SEND UPON REQUEST!<br>230 East 124th 4B is a spacious and light filled Two Bedroom//Two Bathroom with a large Balcony! <br><br>Located on East 124th Between 2nd and 3rd Avenue this apartment is steps away from the 4, 5 and 6 and Metro North trains @ E. 125th and 2,3 trains @ W. 125th<br><br>SPACIOUS!!<br>King Size Bedrooms with 7 Large Closets<br>Master Bedroom with Bathroom<br>Spacious Living Area with Lots of Light<br>Central Air in each room<br>Large Balcony off the Living room<br>Washer/Dryer in Unit<br>Stainless Steel Kitchen with Microwave and Dishwasher<br>Modern Bathroom<br>Roof Top<br>Pet Friendly Dog Park Right Across The Street!<br>Elevator<br>Bike Storage<br>Guarantors Accepted<br><br>WONT LAST - ACT FAST!<br><br><br><br><br><br>

Home Features

  • Central Air
  • Central
  • In Unit
  • Balcony
  • Building Balcony
  • Private Outdoor Space Under 60 Sqft
  • Eat-in Kitchen
  • High Ceilings

Estimated Monthly Payment

$19 per month

30 year fixed, 6.28% Interest

Principal and Interest
$19
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$56

Monthly savings impact

$0/mo

Effective Purchase Price

$3,694

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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Price Analysis

Compare average listing prices and value metrics for 230 East 124th Street against the surrounding East Harlem market.

Based on 1 active unit in building vs 62 in area

Average List Price

Building$3.8K
Neighborhood$906.2K

Price Per SqFt

Building Avg$3/ft²
Neighborhood Avg$689/ft²
Value Opportunity

99.58% Lower

than the East Harlem price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

East Harlem

Overview of East Harlem

East Harlem, also known as Spanish Harlem or El Barrio, is a culturally vibrant neighborhood stretching from 96th Street to 125th Street on the East Side. It is a community rich in history, music, and art, offering some of the most affordable access to Manhattan living. For buyers looking at East Harlem Manhattan real estate, the area provides value and strong cultural roots.

Living in East Harlem, Manhattan is colorful and spirited. It is a neighborhood where murals adorn the walls and salsa music fills the air. As an evolving Manhattan NYC neighborhood, it is seeing new investment and development while fighting to maintain its distinctive Latino heritage and community soul.

Real Estate & Housing Market

The market for homes for sale in East Harlem is one of the last frontiers of affordability in Manhattan below 125th Street. Inventory ranges from HDFC income-restricted co-ops to newly constructed luxury condos that offer amenities like roof decks and gyms at a fraction of the cost of the Upper East Side.

Investors are active here due to the incoming Second Avenue Subway extension and the rezoning initiatives. It attracts first-time buyers who are priced out of Yorkville but still want quick access to the Midtown corridor.

Lifestyle & Community

The lifestyle in East Harlem is community-centric. Residents shop at the La Marqueta marketplace and gather at local panaderias. The dining scene is a highlight, featuring legendary spots like Rao's (if you can get a table) and authentic Puerto Rican and Mexican cuisine.

The vibe is energetic and unpretentious. The neighborhood has a strong activist history and a deep sense of pride. Cultural institutions like El Museo del Barrio keep the local traditions alive and vibrant.

Transportation & Accessibility

East Harlem is currently served by the 4, 5, 6 trains on Lexington Avenue, which can be crowded but efficient. The M15 Select Bus Service offers a rapid alternative down First/Second Avenues.

The biggest news is the future Phase 2 of the Second Avenue Subway, which will bring new stations to 106th and 116th Streets, dramatically improving connectivity and real estate potential. Easy access to the FDR Drive and the RFK Bridge makes it convenient for car owners.

Parks, Schools & Amenities

Thomas Jefferson Park is a major asset, featuring a large pool, track, and sports fields along the East River. Residents also have access to the northern reaches of Central Park, including the Conservatory Garden.

The neighborhood is amenity-growing, with a large Target and Costco at 117th Street (East River Plaza) providing suburban-style shopping convenience that is rare in the borough.

Who This Neighborhood Is Best For

East Harlem is best for first-time buyers, value-seekers, and cultural enthusiasts who appreciate a strong neighborhood identity. It is ideal for those who want to be part of a diverse, transforming community.