241 East 123rd St. 1-7, New York, NY, 10035

241 East 123rd Street presents the opportunity to acquire a 7-unit multifamily building in the heart of East Harlem. The property features a balanced mix of free market and rent-stabilized units, providing stable in-place income with a clear path to future growth.

The current configuration offers immediate cash flow with approximately $136K in NOI, alongside the ability to increase revenue through unit turnover and rent alignment. The unit mix includes a 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 potential (buyer to verify) and is positioned within an Opportunity Zone.

The property benefits fro...

Features & Amenities

In-City

QC Approved Listing

Disclaimer: Please note that all sizes listed are approximate and based on documentation provided at the time of listing the property. Exact unit/plot sizes may vary from what is presented above.

Location

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DIFC Showroom

Listed Office

Dubai Sotheby's International Realty

EMAAR Business Park, Building 4, Office G-05,
Sheikh Zayed Rd. Dubai, United Arab Emirates