515 1/2 E 118th St New York, NY 10035
East Harlem NeighborhoodEstimated payment $10,513/month
Total Views
7,807
8
Beds
4
Baths
2,405
Sq Ft
$811
Price per Sq Ft
About This Home
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.
Last Listed By
Coldwell Banker Reliable R E Brokerage Phone: 718-921-3100 License #10401389332 Listed on: 05/02/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,968
Year Built
- Built in 1900
Home Design
- 2,405 Sq Ft Home
Kitchen
- Convection Oven
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Ps 112 Jose Celso Barbosa Elementary School
- Middle School 224 Manhattan East School For Arts & Academics
- Manhattan Center-Science & Math High School
Additional Features
- 1,682 Sq Ft Lot
- Central Air
Listing and Financial Details
- Assessor Parcel Number 1815-0110
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,968 | $15,742 | $59,400 | $11,087 |
| 2023 | $1,793 | $14,615 | $5,186 | $9,429 |
| 2022 | $1,658 | $199,350 | $59,400 | $139,950 |
| 2021 | $1,539 | $234,450 | $59,400 | $175,050 |
| 2020 | $1,540 | $252,450 | $59,400 | $193,050 |
| 2019 | $1,515 | $231,660 | $59,400 | $172,260 |
| 2018 | $1,430 | $11,242 | $3,459 | $7,783 |
| 2017 | $1,326 | $10,423 | $3,405 | $7,018 |
| 2016 | $1,244 | $9,652 | $3,471 | $6,181 |
| 2015 | $808 | $9,652 | $3,747 | $5,905 |
| 2014 | $808 | $9,315 | $4,211 | $5,104 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $1,950,000 | -- | $811 / Sq Ft |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $780,000 | -- | |
| Deed | $270,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $840,000 | Purchase Money Mortgage | |
| Closed | $275,000 | Unknown |
Source: Public Records
Similar Homes in the area
Source: OneKey® MLS
MLS Number: 856738
APN: 1815-0110
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