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11-Unit Elevator Apartment Building
For Sale
$2,699,000

231 E 123rd Street New York, Manhattan, NY 10035

Commercial Sale, New York (Manhattan), NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market22

Property Features for 231 E 123rd Street New York

General Information

Property type Commercial Sale
Property subtype Other
Zoning R7B
Rooms Basement
Parking features On Street
Basement Full, Storage Space
Appliances Dishwasher, Microwave, Oven
Lot features Back Yard
Elementary school Ps 30 Hernandez/Hughes
Middle school Columbia Secondary School
High school Frederick Douglass Academy
Elementary school district Manhattan 5
Middle school district Manhattan 5
High school district Manhattan 5
Directions East 125th St/Dr Martin Luther King Jr Blvd to 2nd Ave, right onto East 123rd Street
Special listing conditions Real Estate Owned, In Foreclosure
Standard status Active
APN 1788-0013
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 204736

Utilities

Heating system Natural Gas
Cooling system Ductless

Amenities

stainless-steel appliances
private balconies/outdoor space

Building Details

Year built 2018
Floors in Building 6
Number of units 11
Flooring type Laminate, Tile
Building materials Frame
Listing Agency: Island Advantage Realty LLC
Listed By: Todd A. Yovino · License #49YO0956714
Added: Aug 6 Changed: Aug 24 Last Checked: Aug 27 at 1:06PM
MLS# 1035916

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2018, this approximately 6-story apartment building contains 11 residential units and features elevator service, contemporary kitchens, stainless-steel appliances, tile and laminate flooring, ductless cooling, and natural-gas heating. Several residences include private balconies or other outdoor areas. The unit mix includes 8 one-bedroom apartments, a 3-bedroom penthouse, and first-floor front and rear duplex residences.

The property occupies 0.0579 acres at 231 E 123rd Street in Manhattan’s East Harlem neighborhood. Nearby access to the 4, 5, and 6 subway lines connects the building with destinations throughout Manhattan and beyond. R7B zoning applies to the property, and parking is available on street.

Key Highlights

  • 11 residential units in an approximately 6‑story elevator building
  • Built in 2018 with contemporary finishes and modern design
  • Unit mix includes 8 one‑bedroom apartments and a 3‑bedroom penthouse

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Computer & Electronic Repair Skin Care Clinic Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

5,868
Businesses Nearby

Demographics for 10035, NY

35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Contemporary multifamily property with varied layouts, private outdoor space, and convenient subway access.
Where is this apartment building located?
The property is located at 231 E 123rd Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 11 residential units in an approximately 6‑story elevator building; Built in 2018 with contemporary finishes and modern design; Unit mix includes 8 one‑bedroom apartments and a 3‑bedroom penthouse
More about this property
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