515 1/2 E 118th Street, New York (Manhattan), NY 10035 (MLS # 856738)
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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. 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.
Property Type(s):
Condo/Townhouse/Co-Op
| Last Updated | 5/2/2025 | Year Built | 1900 |
|---|---|---|---|
| County | New York (Manhattan) |
SCHOOLS
| Elementary School | Ps 112 Jose Celso Barbosa |
|---|---|
| Jr. High School | Ms 224 Manhattan East |
| High School | Manhattan Center-Science & Math |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Convection Oven, Cooktop, Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Washer |
| CONSTRUCTION | Other |
| HEAT | Other, See Remarks |
| INTERIOR | Other |
| LOT | 1681 sq ft |
| SEWER | Public Sewer |
| STYLE | Other |
| TAXES | 1968.08 |
| UTILITIES | See Remarks |
| WATER | Public |
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Listed with Coldwell Banker Reliable R E
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