Great West Harlem Development Opportunity
This 1900 built 4-unit townhouse is ready for the next generation of ownership.
Situated in prime West Harlem between 7th and 8th Avenues- you will never be far from the action and yet still set on a serene tree-lined block. Parallel to The Apollo, and the new shopping corridor on 125th Street. Two blocks to Morningside Park and two blocks to Marcus Garvey Park. Located near all points of public transportation, including Metro-North rail lines, and A B C D 4 5 6 subway lines, in addition to BX15 M100 M101 and M60 bus lines.
245 West 123rd Street is a perfect townhouse awaiting your master touches. A design palette where you can go free with expression.
Current Set Up: 4 Units across 4 floors, no current leases:
2 floors delivered vacant at closing
2 floors without leases, but will be occupied or to be delivered vacant with notice.
FAR potential 4
Current zoning laws allow for 4,214sqft of buildable footage left, which would be for addition of floors + amazing roof deck, or the ability to build out and have an extension on this R7A lot. Due diligence required.
Only the vacant apartment on the first floor can be shown.
Some Interior photos have been virtually enhanced.
Property has SRO status, will be sold as-is, purchaser to complete CONH.
3% to buyer's agent.
Sold for $1,260,000
$1,260,000
245 W 123rd St, New York, NY 10027
6beds
3,600sqft
MultiFamily
Built in 1900
-- sqft lot
$1,410,900 Zestimate®
$350/sqft
$4,515 Estimated rent
Home value
$1,410,900
$1.19M - $1.68M
$4,515/mo
Zestimate® history
Owner options
List your home for rent
$4,515/mo
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$4,515/mo
Rent Zestimate®
Refinance and save
$7,633/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$7,633/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Basement: See Remarks
Interior area
- Total interior livable area: 3,600 sqft
Property
Lot
- Size: 1,698 Square Feet
Details
- Parcel number: 019290012
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Other
- Water: See Remarks
Community & HOA
Location
- Region: New York
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $809,000
- Annual tax amount: $25,256
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2026 | Sold | $1,260,000-11.6%$350/sqft |
Source: Public Record Report a problem | ||
| 10/10/2025 | Listing removed | $1,425,000$396/sqft |
Source: StreetEasy #S1761775 Report a problem | ||
| 6/3/2025 | Price change | $1,425,000-6.3%$396/sqft |
Source: StreetEasy #S1761775 Report a problem | ||
| 3/26/2025 | Listed for sale | $1,520,000-20%$422/sqft |
Source: StreetEasy #S1761775 Report a problem | ||
| 12/11/2020 | Listing removed | $1,900,000$528/sqft |
Source: Compass Report a problem | ||
| 8/3/2020 | Listed for sale | $1,900,000$528/sqft |
Source: Compass Report a problem | ||
| 5/20/2020 | Listing removed | $1,900,000$528/sqft |
Source: Compass #H6007503 Report a problem | ||
| 3/25/2020 | Listed for sale | $1,900,000$528/sqft |
Source: OneKey MLS #H6007503 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,256 +8% | $364,050 +20% |
| 2024 | $23,389 +5.3% | $303,480 +20% |
| 2023 | $22,203 | $252,900 -18.4% |
| 2022 | -- | $310,050 +19.4% |
| 2021 | -- | $259,650 -5.9% |
| 2020 | -- | $275,850 +19.9% |
| 2019 | $15,706 -10.6% | $230,040 +65.2% |
| 2018 | $17,560 -0.8% | $139,230 |
| 2017 | $17,709 +6.5% | $139,230 +7.8% |
| 2016 | $16,635 | $129,120 +8% |
| 2015 | $16,635 +53.5% | $119,556 +8% |
| 2014 | $10,835 | $110,700 +3.4% |
| 2013 | -- | $107,100 -0.4% |
| 2012 | -- | $107,550 -13.4% |
| 2011 | -- | $124,200 -0.7% |
| 2010 | -- | $125,100 -3.5% |
| 2009 | -- | $129,600 -16% |
| 2008 | -- | $154,350 +70.6% |
| 2007 | -- | $90,450 +58.3% |
| 2006 | -- | $57,150 +22.1% |
| 2005 | -- | $46,800 +35.4% |
| 2004 | -- | $34,560 +103.7% |
| 2003 | -- | $16,965 -0.8% |
| 2002 | -- | $17,100 |
| 2001 | -- | $17,100 +18.8% |
| 2000 | -- | $14,400 |
Find assessor info on the county website
Neighborhood: Harlem
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Nearby schools
GreatSchools rating
- 6/10Ps 154 Harriet TubmanGrades: PK-5Distance: 0.2 mi
- 6/10Columbia Secondary SchoolGrades: 6-12Distance: 0.3 mi
- 6/10Teachers College Community SchoolGrades: PK-8Distance: 0.3 mi