#RLS10955417, Mallory G Bogard, Listing Office: Serhant
5151/2 E 118th St New York Manhattan, NY 10035
Property details
About 5151/2 E 118th St
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.
Highlights
Summary
- MLS Number: L3584709
- MLS Name: ONEKEY2
- Office Name: Coldwell Banker Reliable R E
- Office Phone: (718) 921-3100
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Last updated on: 3/14/2025, 5:11:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,950,000
5151/2 E 118th St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
P.S. 155 William Paca School
Public District KG-5
0.2 mi
•319 E 117th St
4
River East Elementary School
Public District PK-5
0.3 mi
•2351 1st Ave
7
P.S. 83 Luis Munoz Rivera School
Public District KG-5
0.6 mi
•219 E 109th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,519. Residents of New York Manhattan, NY typically earn less than $<35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
Similar homes for sale
This home is located at 5151/2 E 118th St in New York Manhattan, NY and zip code 10035 in the East Harlem neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $1,950,000.
Over 189 listings were sold over their listed price in February 2025 in New York Manhattan, NY. In the same period over 627 listings were sold below the listed price and 682 listings were sold for the listed price. The number of listings in New York Manhattan, NY decreased by 3.1% between January and February 2025. The median list price of listings available in February 2025 was $867,439, while the average time on the real estate market was 130 days.