Morningside Gardens

Morningside Gardens is a Co-op located 501 West 123rd Street, in Morningside Heights, New York. The building was first built in 1956 and is 68 years old. The lot that the building was built on is 777 feet wide and 504 feet long. The official lot area is listed as 375,650 square feet. The building itself is 51 feet wide and 180 feet long. In total, 501 West 123rd Street has a total floor area of 1,288,976 square feet. Of that, 1,109,765 square feet are used for residential purposes. About 179,211 square feet of the building are used for commercial purposes. Additionally, the building has a 56,400 square feet garage. There are a total of 994 units. Of those, 982 are residential units. There are twelve commercial units. 501 West 123rd Street has a total of 21 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 501 West 123rd Street.

Interested in learning more about the building? There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. Love to bike? Store your bike in the building's bike storage rather than your own apartment. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 199 closings on record, of which we have matching data for 36 listings. In the past 3 years, a listing in this building will typically remain on the market for about 168 days and tend to sell above the original asking price of $624,500 by 0.05%. Meaning, listings tend to sell at a median of $718 price per square foot. The transaction that took the longest to complete was unit 8C, listed on Sep 10, 2020 for $649,000. This particular unit ultimately sold 348 days later for $590,000. The most recent transaction was for unit 12E, sold for $295,000 on Nov 16, 2023. Fun fact, the oldest transaction we have on record took place on Apr 01, 2005. See the full transaction history for Morningside Gardens below.

Morningside Heights, where 501 West 123rd Street is located, has a median asking price of $949,999 for co-op buildings. Meanwhile, the building itself has a median asking price of $624,500. For interested buyers, that means the building's median asking price is around 0.34% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There are currently 4 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $659,000. It is a 950 sqft 2 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $350,000. It is a studio and 1 bathroom unit. A breakdown of active listings shows 1 studio, 1 one-bedroom, 2 two-bedroom, units for sale! The median price of all the active units for sale in the building is $526,944. Collectively, the median square footage of these active units for sale is 450 sqft. Active units for sale at 501 West 123rd Street are mostly 1.5-bedroom apartments Active units for sale at 501 West 123rd Street have a median count of 1.5 bedrooms and have a median count of 1 bathroom.