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Elevator Apartment Building
New
For Sale
$2,999,900

231 E 123rd Street, Manhattan, NY 10035

COMMERCIAL - Manhattan, NY

Property Size11,576 SF
Lot Size0.06 Acres
Price / SF$259.15
Days on Market2

Property Features for 231 E 123rd Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 11
Full bathrooms 11
Rooms Bathroom 3, Bathroom 7, Bathroom 2, Bathroom 8, Bathroom 9, Bathroom 10, Bathroom 1, Bathroom 11, Bathroom 5, Bathroom 6, Bathroom 4
Subdivision East Harlem
High school district MANHATTAN CHARTER SCHOOL
Directions East 125th St/Dr Martin Luther King Jr Blvd to 2nd Ave, right onto East 123rd Street
Standard status Active
Size 11,576 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 204736

Utilities

Heating system Natural Gas

Amenities

private balconies/outdoor space
stainless-steel appliances

Building Details

Year built 2018
Floors in Building 6
Flooring type Laminate
Listing Agency: ISLAND ADVANTAGE REALTY LLC
Listed By: Todd Yovino · License #40YO0956714
Added: Aug 7 Last Checked: Aug 8 at 10:06AM
MLS# 11922690

Copyright © 2026 My State 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 within 11,576 square feet. Elevator access serves a contemporary layout with laminate flooring, natural gas heating, updated kitchens, cabinetry, and stainless-steel appliances. Select residences include private balconies or other outdoor areas.

The unit mix includes 8 one-bedroom apartments and a 3-bedroom penthouse. First-floor residences are configured as front and rear duplexes. The property is located at 231 E 123rd Street in Manhattan’s East Harlem neighborhood, near the 4, 5, and 6 subway lines, as well as shopping, dining, parks, and other neighborhood amenities.

Key Highlights

  • 11 residential units in an approximately 6‑story elevator building
  • 11,576 square feet on a 0.06‑acre lot
  • Built in 2018

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 - Modern multifamily property with varied layouts, private outdoor space, and elevator service.
Where is this apartment building located?
The property is located at 231 E 123rd Street Manhattan, NY.
What is the asking price?
The asking price for this property is $2,999,900.
What are key features of this property?
This property features: 11 residential units in an approximately 6‑story elevator building; 11,576 square feet on a 0.06‑acre lot; Built in 2018
More about this property
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