The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$3,499,000
240 W 123rd St Unit Terra
Manhattan, NY, 10027
View more Manhattan, NY property pages4Beds
3.5Baths
2,156Sqft
$1623$/sqft
Market Insights
Above nearby median+92%
$1623/sqft vs a nearby median of $844/sqft.
Nearby median$844/sqft
Nearby properties8
Property size2,156 sqft
- +92% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,156 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.84M$1.67M – $2.00M · 50% confidence
vs ask $3.50M+$1.66M (+47.5%)
Asking price is about 47.5% above where comps + adjustments land — there is room to negotiate.
$844/sqft median across 7 tight comps × 2,156 sqft= $1.82M
- Days-on-market gravity−$55k −3.0%
- Transit access+$46k +2.5%
- Modern construction+$27k +1.5%
Cumulative NYC adjustments+$18k+1.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 239 days
- Last price change
- No change recorded
- Listed
- Sep 15, 2025
- Photos
- 14 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 2023
- Stories
- 7
- Total units
- 2
- Residential units
- 2
- Building area
- 5,484 sqft
- Lot size
- 1,396 sqft
- Land use
- One and two family buildings
- Building class
- B2
From NYC public records where available.
Price History
May 4, 2026Initial record
$3,499,000for sale