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Fully Occupied Multifamily Generating Strong Cash Flow

$950,000

100 East 123rd Street, New York, NY 10035

Active
Last Updated: 09/02/2026

9.31

Cap Rate

88,406

NOI

Details:
Cap Rate:    9.31%
NOI:    $88,406
Building Size:    6,125 sqft
Lot Area:    2,026 sqft
Units:    10
GRM:    5.11
Price Per Sqft:    $155
Price Per Unit:    $95,000
Floors:    4
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
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