241 E 123rd St #1-7, New York, NY 10035

PRICE IMPROVEMENT! 241 East 123rd Street presents the opportunity to acquire a 7-unit multifamily building in the heart of East Harlem. The property consists of 4 free-market units and 3 rent-stabilized units, providing stable in-place income with a clear path to future growth. The building currently generates strong cash flow and offers significant upside through unit turnover, rent optimization, and operational improvements. A spacious garden-level 2-bedroom apartment with full ceiling height and private outdoor space further enhances the property’s rental appeal and income potential. Additional highlights include Opportunity Zone designation, potential assumable financing (subject to lender approval), and additional buildable FAR (buyer to verify), providing multiple avenues for future value creation. Conveniently located near the 4, 5, and 6 subway lines, Metro-North, East River Plaza, and major transportation corridors, the property benefits from strong tenant demand and continued neighborhood growth. An attractive investment opportunity offering immediate income, long-term appreciation potential, and projected returns approaching a 6.5% cap rate through future rent growth and unit turnover. For additional information, financials, or to schedule a private showing, please contact Liam Killie