112 E 123rd Street

NewYork, NY
$ 3,450,000 Beds 12 Baths 7 Sq 6,300
Monthly Estimate* How much can I afford?

112 East 123rd Street represents a fantastic opportunity for an investor or owner-landlord. Built in 1900 and renovated in 2001, the property is a spacious Neo-Grec four-family rental investment townhouse located in Central Harlem. At fully 20 feet wide and 63 feet deep, the property has approximately 6,300 square feet of space including the Garden Level workshop and recreation room, with potential for an additional 966 square feet of buildable area. As such it has potential to generate a significant capitalization rate (CAP rate) and cash on cash return, and would also have significant potential as a condominium conversion once an elevator is added.The upper three floor-through apartments, which are all currently four-bedroom two-bathroom units, and the Parlor Level, are loft-style, boasting high ceilings, exposed brick, large windows throughout supplying abundant natural light, open-plan kitchens and tiled bathrooms. All have separate electric and (cooking) gas meters and are wired for cable and internet. The Garden Level has ten-foot ceilings, large windows and access to the spacious back yard, and could readily be renovated and duplexed with the Parlor Level. The roof is accessed via a bulkhead, and a Penthouse could also be added and duplexed with the Top Floor apartment. Real estate taxes currently stand at just $3,732.60 for the 2021-2022 tax year. This property is just a few steps from shopping on 125th St, with Whole Foods, Bed Bath and Beyond and more, and close to Harlem's Restaurant Row. It is also conveniently close to transportation options including the 4/5/6 and 2/3 subway lines, Metro North, and the M2/3/4 and M101/102/103 bus lines. For recreation, 112 East 123rd Street St is positioned close to Mount Morris Park.112 East 123rd Street offers a truly outstanding investment opportunity - please contact us today for your private showing.

Single Family

  • Price
  • $ 3,450,000
  • Lot Size
  • Bedrooms
  • 12
  • Sqr Footage
  • 6,300
  • Full Bathrooms
  • 7
  • Half Bathrooms
  • 0
  • City, Zip
  • NewYork
  • Taxes
  • $ 3732
  • County
  • MANHATTAN
  • Style
  • Single Family Residence
  • Area
  • New York
  • MLS#
  • H6105812
  • Zip
  • 10035
Listing Provided by: Robert D Pair with Harlem Lofts Inc.
Data Source: OneKey MLS

Features

General

Buildingareaunits Square Feet
Community Features Outdoor Space
Cooling None
Elementary School Call Listing Agent
Elementary School District City of New York
Flooring Hardwood
Garage Spaces 0.00
Heating Other, See Remarks
High School District City of New York
Interior Features High Ceilings, Storage
Middle/Junior High School Call Listing Agent
Middle/Junior School District City of New York
Parking Features Other
Property SubType Single Family Residence
Property Type Residential
Sewer Other
Tax Annual Amount 3732.00
Total Rooms 26
Village None

Interior Features

Atticdescription See Remarks

Exterior Features

Lot Features Garden
Water Source See Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Nanuet, NY office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Call Listing Agent Elementary School
Middle School Call Listing Agent Middle School
High School Unknown High School

Price History

3/31/2021 Listed $3,450,000

Property vs Zip Code Average in 10035

Price
AVG $770K
$3.45M
Taxes
AVG $9,532
$3,732
Visits
AVG 17
56
Walkscore
AVG 98
95
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

112 E 123rd Street NewYork, NY is a Single Family Home for sale at $3450000 with 6300 sqft and a lot size of Acre(s). 112 E 123rd Street NewYork has 12 bedrooms, 7 baths . The property's zip code is 10035 which is in NewYork, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.