148 W 123rd St New York, NY 10027
Central Harlem NeighborhoodEstimated payment $11,174/month
Highlights
- Pre War Building
- 4-minute walk to 125 Street (2,3 Line)
- Community Garden
- Wood Flooring
- No HOA
- Patio
About This Home
Opportunity Knocks in Harlem: 2-Family Townhouse with Garden & Character Bring your vision and transform this classic Harlem townhouse into your dream residence or investment property. This legal 2-family brownstone offers incredible potential across four levels, complete with a private garden and original details waiting to be restored. This townhouse spans approximately 3,536+/- sqft and is approximately 17’ wide and 52’ in length. Lot approximately 17’ x 100’
(Square footage does not include the basement, which is approximately 784+/- sqft) Owner's Triplex:
Spanning the parlor, second, and third floors, the owner's unit boasts 4 spacious bedrooms, an office/den, and 2.5 bathrooms. High ceilings, and generous room proportions make this a perfect canvas for a custom renovation. As you step through the entrance, you'll be greeted by hardwood floors that span throughout the residences. The townhouse's design ensures ample natural light through its northern and southern exposures, creating a bright and inviting atmosphere. Garden-Level Apartment:
A separate 1-bedroom, 1-bathroom unit on the garden level is ideal for rental income, extended family, or guest accommodations. Direct access to the garden offers charm and privacy. Private Garden:
Enjoy the luxury of your own outdoor space – perfect for relaxing, entertaining, or future landscaping projects.
Additionally, the full basement offers storage or the potential for creating additional living space. Prime Harlem Location:
Situated on a tree-lined street, you're close to parks, cultural institutions, restaurants, and multiple transportation options. Harlem continues to thrive as a vibrant and historic neighborhood with strong community roots. Bring your architect or contractor and reimagine this space. Whether you’re looking to create a grand single-family home or maintain the current 2-family configuration, this townhouse offers endless possibilities. *Any reference to square footage is approximate and should not be relied upon as a precise measurement. Square footage calculations can vary significantly depending on the methodology used. If the square footage is material to your decision to purchase, you are strongly advised to retain your own architect or designer to perform an independent measurement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,532
Year Built
- Built in 1890
Lot Details
- 1,716 Sq Ft Lot
- Garden
Home Design
- Pre War Building
Interior Spaces
- 3-Story Property
- Wood Flooring
- Dishwasher
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Patio
Listing and Financial Details
- Legal Lot and Block 0054 / 01907
Community Details
Overview
- No Home Owners Association
- 2 Units
- Harlem Subdivision
Amenities
- Community Garden
- Building Patio
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,465 | $42,467 | $6,909 | $35,558 |
| 2024 | $8,465 | $42,144 | $26,220 | $35,922 |
| 2023 | $8,075 | $39,760 | $6,275 | $33,485 |
| 2022 | $7,488 | $164,400 | $26,220 | $138,180 |
| 2021 | $7,448 | $170,940 | $26,220 | $144,720 |
| 2020 | $7,491 | $194,700 | $26,220 | $168,480 |
| 2019 | $5,966 | $171,060 | $26,220 | $144,840 |
| 2018 | $6,754 | $33,133 | $5,096 | $28,037 |
| 2017 | $6,372 | $31,258 | $5,548 | $25,710 |
| 2016 | $5,447 | $29,491 | $7,065 | $22,426 |
| 2015 | $2,298 | $29,491 | $7,946 | $21,545 |
| 2014 | $2,298 | $29,267 | $9,461 | $19,806 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | Pending | -- | -- | -- |
| 07/07/2025 07/07/25 | For Sale | $1,995,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $432,000 | Commonwealth Land Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $363,400 | No Value Available | |
| Closed | $20,000 | No Value Available |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20035056
APN: 1907-0054
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