515 1/2 East 118th Street

$1,950,000
Price
8
Beds
4
Baths
2,400 Sq. Ft.
$813 / Sq. Ft.
2,400
Sq. Ft.
$813
per Sq. Ft.

Description

Nestled in the historic neighborhood of East Harlem on a quiet dead end street, this completely renovated 2-family brownstone presents a unique investment opportunity for discerning buyers. This stunning property spans four stories high plus a fully finished basement, featuring 10-foot ceilings that combines modern design with the building's original facade. This is a legal 2 family / SRO. The property fits any buyer looking. This gem is perfectly laid out allowing the end user to simply add a wall...Nestled in the historic neighborhood of East Harlem on a quiet dead end street, this completely renovated 2-family brownstone presents a unique investment opportunity for discerning buyers. This stunning property spans four stories high plus a fully finished basement, featuring 10-foot ceilings that combines modern design with the building's original facade. This is a legal 2 family / SRO. The property fits any buyer looking. This gem is perfectly laid out allowing the end user to simply add a wall and door and create an owner's duplex or triplex with a rental unit above, or have a 4-bedroom rental over a 4-bedroom rental if rental income is the priority. Highlights & Values - Fully Renovated: Enjoy the perfect blend of modern elegance and historical charm in this fully updated brownstone. - Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals. - Ample Space: With each floor featuring a full bath, the layout is both practical and luxurious. - Premium Finishes & Modern Kitchen: Hardwood cream floors, 6-foot-tall windows, and an abundance of natural sunlight create a warm and inviting atmosphere. Two European-style kitchens equipped with white marble countertops, white cabinets, and gold accessories offer a simple yet sophisticated feel. - Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone's throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options. - Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient. - Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio. This brownstone is 17ft x 48ft with over 60ft in the backyard and an excellent investment opportunity for both first-time homebuyers and seasoned investors, with high rental potential in a sought-after location.
  1. Listed by Christopher F Bowser • Coldwell Banker Reliable R E
    P: (718)-921-3100 C: (617)-874-7800 chris@cbrnyc.com

Property Details for 515 1/2 East 118th Street

Architectural Style
Other
Garage Spaces
.00
Section Area
Pleasant Avenue
Offer Presentation
Can be Present

Open Houses

Sunday, Nov 24th

1:30 PM - 2:30 PM

Public

LISTING UPDATED: 11/19/2024 01:48 PM

Property Details for 515 1/2 East 118th Street

StatusActive
MLS ID3584709
Days on Market41
Taxes$1,980 / year
Maintenance-
Min. Down Pymt-
Total Rooms12.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size1,682 SF / 17' x 101'
CountyNew York County

Building

515 1/2 E 118th St

8 Units4 StoriesBuilt in 1900

Building Information for 515 1/2 East 118th Street

Stories4Residences8Year Built1900Building Size16.67' x 48'Building Sq. Ft3,200.64 SFLot Size1,682 SF / 17' x 101'Building Age-Building Type-

Property Information for 515 1/2 East 118th Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 99
  • Directions: Google Maps
  • Tax Block: 1815
  • Tax Lot: 110
  • Property Attached: Yes
  • Structure Type: true
  • New Construction YN: No
  • Flood Zone Report: 0
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Manhattan 4
  • Elementary School District: Manhattan 4
  • Middle Or Junior School District: Manhattan 4
  • Middle Or Junior School: Ps 206 Jose Celso Barbosa
  • High School District: Manhattan 4
  • High School: Manhattan Center-Science & Math
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 2
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Additional
  • RoomDescription 1: 4 Bedrooms, 4 Bathrooms
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 1815-0110
  • Tax Map Number: 1815-0110
Interior and Exterior Features
Interior Features
  • Amenities: Dishwasher, Dryer, Hardwood Floors As Seen, Other, Public
  • Appliances: Dishwasher,Dryer
  • Number Of Kitchens: 2.0
  • Total Rooms: 12
  • Living Area Units: Square Feet
  • Basement: See Remarks
  • Fireplaces Total: 0
  • Location Amenities: Other/See Remarks, Hardwood Floors As Seen
  • Common Walls: 2+ Common Walls
  • Flooring: Hardwood
  • Inclusions: Dishwasher,Dryer
Exterior Features
  • Exterior Property Features: On Street
  • Elevation Certificate: No
  • Construction Materials: Other
Lot Information
  • Lot Size Dimensions: 16.67x100.92
  • Building Area Units: Square Feet
Parking
  • Parking Features: On Street
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: Yes
  • Cooling: Central Air
  • Heating: Other, See Remarks
  • Heat Fuel Type: Other, See Remarks
  • Hot Water: See Remarks
  • Number Of Separate Gas Meters: 2
  • Sewer: Other
  • Water Source: Public
  • Number Of Separate Electric Meters: 2
Green Features
  • Green Features: Dishwasher, Dryer, Other, See Remarks

Property History for 515 1/2 East 118th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 1/2 East 118th Street

Taxable ValueLand$59,400Additions$141,480Total$200,880
Home Facts
Total Finished SqFt2,400 SqFtLot Size1,682 SqFtYear Built1900ZoningR7BAPN1018150110

Schools near 515 1/2 East 118th Street

This home is within New York City Geographic District # 4.
Rating
School
Type
Grades
Distance
Public - 3 to 8
Public - 9 to 12
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. Ms 206 Jose Celso Barbosa
Public3 to 8

Isaac Newton Ms For Math And Science
Public6 to 8

Global Technology Preparatory
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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515 1/2 East 118th Street is a multi-family home for sale in East Harlem. This property was listed for sale on October 11, 2024 by Coldwell Banker Reliable R E, it's currently listed at $1,950,000. This listing's school district is New York City Geographic District # 4. Nearby schools include P.S. Ms 206 Jose Celso Barbosa, Manhattan Center for Science & Mathematics and Isaac Newton Ms For Math And Science. 515 1/2 East 118th Street is a 8-bed, 4-bath, 2,400 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Reliable R E

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.