Fully Occupied Multifamily Generating Strong Cash Flow

100 E 123rd St, New York, NY 10035

Property Information

  • For Sale $950,000
  • Property Type Multi-Family
  • Property Size 6,125 SF
  • Units 10
  • Lot Size 0.05 Acre
  • Cap Rate % 9.31
  • Taxes / YR $37,555.00
  • Zoning M1-6/R10
  • # of Floors 4
  • Year Built 1920
  • Date Updated Aug 31, 2026

Description

Investment Highlights

• 10 unit multi-family walk-up apartments with 3 bedrooms each
• Existing signage revenue boosting gross annual income potential
• Flexible M1-6/R10 zoning with 14,135 SF of unused air rights (20,260 Buildable SF MIH)
• Steps away from major national retailers (Trader Joe’s, Target, Sephora) alongside iconic neighborhood culture and local dining hotspots
• Located just two blocks from the 125th Street station (4, 5, 6 trains) for rapid Midtown and Downtown connectivity.
• Two blocks from the Harlem-125th Street Metro-North station, offering direct service to Westchester, Connecticut, and Grand Central Terminal.
• Construction is underway on the MTA’s extension of the Q Line to 125th Street & Lexington Avenue, creating a major multi-modal transit hub right in the immediate area
• Positioned near major transformative investments, including the expanding Apollo Theater, the National Black Theatre project, and the redevelopment of the Victoria Theater / Renaissance Hotel corridor

Contacts

Location

Located at 100 E 123rd St, New York, NY 10035, this property is part of the East Harlem neighborhood and Manhattan market.

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