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

  

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