Active
515 1/2 E 118th Street
New York (Manhattan) NY, 10035
$1,950,000
Active
Multi-family
Built in 1900
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.
L3584709
MLSⓇ ID
October 11, 2024
Listed
December 14, 2024
Updated
Map
515 1/2 E 118th Street
New York (Manhattan) NY, 10035
Interior Features
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Other, See Remarks
Exterior/Building Features
Lot Size
0.04 Acres
Architectual Style
Other
Sewer
Other
School Information
School District
Manhattan 4
High School
Manhattan Center-Science & Math
Other Property Details
Taxes
$1,980
Tax Frequency
Annually
Days on Market
64
Garage
No
Parking
On Street
View
No
County
New York (Manhattan)
Water Source
Public
Pool
No
Listed by Christopher F. Bowser with Coldwell Banker Reliable R E
Listing Contact: 718-921-3100
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jasper Champagne shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 7:39 PM UTC, 12/14/2024