Address
112 E 123rd Street NewYork, NY
Price
$ 3,450,000
Property Attributes
  • MLS#H6105812
  • TypeSingle Family
  • CountyMANHATTAN
  • CityNewYork
  • AreaNew York
  • NeighborhoodNewYork
  • Zip10035
  • StyleSingle Family Residence
  • Taxes3732
  • Price$ 3,450,000
  • Bedrooms12
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage6300
Listing Provided Courtesy Of:
Robert D Pair with Harlem Lofts Inc.
Data Source:
OneKey MLS
Property Description

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.

Elementary School Middle School
Call Listing Agent Elementary School Call Listing Agent Middle School
Price History
3/31/2021 Listed $3,450,000

General Features

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

Property vs Zip Code Average in 10035

Price
AVG $640K
$3.45M
Taxes
AVG $9,532
$3,732
Visits
AVG 13
48
Walkscore
AVG 97
95
Data Provided by Walkscore ® not using MLS data
Fair Housing Icon NY Fair Housing Notice