Residential Property in New
For Sale
$599,000
Pending
549 W 123RD Street 21H, New York City, NY 10027
Residential property for sale in New York, NY.
Property Size750 SF
Days on Market328
Property Features for 549 W 123RD Street 21H
General Information
Standard status
Pending
Size
750 SF
Property subtype
Apartment
Building Details
Building Size
750 SF
Year Built
1957
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Athena T Witt
(917) 256-9921
Source:
Bondnyre
Added: Nov 27, 2025
Changed: Oct 17
Last Checked: Oct 19 at 1:22PM
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 Douglas Elliman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A residential property is available for sale. The list price is $685,000.
Key Highlights
- Year Built: 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,465
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,300
$469.3K
Cap Rate 7%
$335,214
$335.2K
Cap Rate 9%
$260,722
$260.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$44.9K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.7K $56.89/SF
− OpEx
−$19.2K −$25.60/SF
NOI
$23.5K $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%
$469,300
Cap Rate 7%
$335,214
Cap Rate 9%
$260,722
Alternative Uses
Best Use
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 21.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
5,749
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential property for sale in New York, NY.
Where is this apartment building located?
The property is located at 549 W 123RD Street 21H New York City, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Year Built: 1957
