$10,000 Closing Credit¹
#RLS10955417, Mallory G Bogard, Listing Office: Serhant
$1,950,000 List price
5151/2 E 118th St New York Manhattan, NY 10035
$10,000
Closing credit¹
0 beds
Multi-Family
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
Home typeDuplex
HeatingOther
StatusActive
CoolingCentral Air
Year built1900
ParkingOn Street
MLS #L3584709
Summary
- MLS Number: L3584709
- MLS Name: ONEKEY2
- Office Name: Coldwell Banker Reliable R E
- Office Phone: (718) 921-3100
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 3/15/2025, 10:11:49 AM 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. The most common annual income of people living in New York Manhattan, NY is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
50%
<35k
37%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
16%
Single, with Kids
11%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
34%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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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.
While more than 189 listings in New York Manhattan, NY in February 2025 were sold above asking price, there were more than 682 listings sold at asking price, and more than 627 were sold below. Between January and February 2025, New York Manhattan, NY real estate market has seen decrease in the number of listings by 3.1%. Listings spent 130 days on the market in February 2025, and had a median list price of $867,439 during the same period.
From Rocket Homes Real Estate and based on county public records data.