Two-Bedroom Residential Income
117 W 123RD Street 5D, Manhattan, NY 10027
For Sale
$895,000
Private balconies, a well-equipped kitchen, and shared building amenities distinguish the residence.
Property Size1,236 SF
Price / SF$724.11
Days on Market383
Property Features for 117 W 123RD Street 5D
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
floor-to-ceiling windows
private balconies
Viking range
Caesarstone counters
radiant floor heating
new washer/dryer
soaking tub
glass shower
dual vanity
double-height lobby
furnished roof deck
fitness room
bike storage
virtual doorman
package room
full-time superintendent
pet-friendly
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices New York Properties
Listed By:
Brian K Meier · License NY #10301221717
(917) 656-3230
Source:
Irynaferenets
Added: Oct 23, 2025
Changed: Nov 9
Last Checked: Nov 8 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices New York Properties
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Investment Insights
Based on property information with market context.
This 1,236-square-foot, two-bedroom, two-bath residence is in a building constructed in 2009. Floor-to-ceiling windows bring in southern light, and private balconies extend from the living room and primary suite. The kitchen includes a Viking range, Miele vented hood, Sub-Zero refrigerator, Bosch dishwasher, new microwave, and Caesarstone counters. The primary bath has a soaking tub, separate glass shower, and dual vanity. Radiant heat serves both bathrooms; the home also has five custom closets, a new washer and dryer, and 9-foot ceilings.
Building amenities include a double-height lobby, furnished 3,000-square-foot roof deck, fitness room, bike storage, virtual doorman, package room, and full-time Superintendent. The property is on a brownstone block next to the Mount Morris Park Historic District. Nearby destinations include Whole Foods, Trader Joe’s, restaurants and shops along 125th Street, Central Park, Mount Morris Park, and Morningside Park. The 2/3 subway is two blocks away, with A/B/C/D trains and express buses also nearby.
Building amenities include a double-height lobby, furnished 3,000-square-foot roof deck, fitness room, bike storage, virtual doorman, package room, and full-time Superintendent. The property is on a brownstone block next to the Mount Morris Park Historic District. Nearby destinations include Whole Foods, Trader Joe’s, restaurants and shops along 125th Street, Central Park, Mount Morris Park, and Morningside Park. The 2/3 subway is two blocks away, with A/B/C/D trains and express buses also nearby.
Key Highlights
- 1,236‑square‑foot residence with two bedrooms and two bathrooms
- Living room and primary suite each open to a private balcony
- Kitchen equipped with Viking range, Miele hood, Sub‑Zero refrigerator, and Bosch dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,671
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,420
$773.4K
Cap Rate 7%
$552,443
$552.4K
Cap Rate 9%
$429,678
$429.7K
Market Conditions
NOI Build-Up for 1,236 SF
Gross rent
$74.0K $59.88/SF
− Vacancy
−$3.7K −$2.99/SF
EGI
$70.3K $56.89/SF
− OpEx
−$31.6K −$25.60/SF
NOI
$38.7K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,420
Cap Rate 7%
$552,443
Cap Rate 9%
$429,678
Alternative Uses
Best Use
Apartment 5plus
$552.4K
$483.4K – $644.5K
NOI $38,671 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.1K
$756.1K – $1.01M
NOI $60,488 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,401
Businesses Nearby
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Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Private balconies, a well-equipped kitchen, and shared building amenities distinguish the residence.
Where is this residential income property located?
The property is located at 117 W 123RD Street 5D Manhattan, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 1,236‑square‑foot residence with two bedrooms and two bathrooms; Living room and primary suite each open to a private balcony; Kitchen equipped with Viking range, Miele hood, Sub‑Zero refrigerator, and Bosch dishwasher
