502 E 118TH Street Manhattan, NY 10035
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 12,164 sqft
Price per Sqft $162
Subdivision East Harlem
MLS Listing ID RLS20040121
Style Walk-Up
Bedrooms 5
HOA Y/N No
Annual Tax Amount $3,180
Property Sub-Type Single Family Residence
Property Description
A truly unique find in East Harlem, this three-family townhouse with an attached garage offers an exceptional opportunity for developers, investors, and end-users alike. With approximately 12,164 buildable square feet with additional bonus opportunity, this property boasts 45 feet of frontage on East 118th Street, making it a rare and highly desirable asset in one of Manhattan's fastest-growing neighborhoods.
The townhouse, measuring approx. 17" 10 feet wide by 44" 11 feet deep, offers expansive living space with incredible potential for reconfiguration, whether as a rental conversion, single-family residence, or boutique condominium development. The possibilities for the yard space that measures 50" 6 X 25 are endless. Adjacent to the home, the garage, spanning 25 feet wide by 50 feet deep, presents exciting possibilities for commercial or mixed-use development.
This unique property is zoned for both residential and commercial uses, creating flexibility for a wide range of potential projects. Whether you envision a luxury rental building, a mixed-use development, or a unique live-work space, this site provides the perfect foundation to bring your vision to life.
Located on a charming cobble stone street where two one way streets meet, the block has the feel of a private cul-de-sac and emanates calm and peace. The property is just one block from East River Plaza, home to Costco, Marshalls, Aldi, and other major retailers. Transportation is seamless, with the 116th Street crosstown bus, the 6 train at 116th Street, and easy access to the FDR and nearby biking trail. The expansion of the Q train offers more future upside here.
An additional benefit is the proximity to an expanding selection of dining, shopping, and cultural destinations. The neighborhood is in the midst of a major revitalization, with new residential developments, infrastructure improvements, and cultural initiatives reshaping the landscape. City-led efforts to create affordable housing, green
spaces, and community-driven projects such as the upcoming Afro-Latin Music and Arts Center and sustainable housing initiatives like Sendero Verde underscore the area's transformation into a vibrant, thriving community.
The ability to deliver the property vacant adds to its versatility, making it an excellent opportunity for those looking to develop, repurpose, or create a long-term asset in a thriving neighborhood. With East Harlem's ongoing transformation and increasing demand for both residential and commercial spaces, this is a rare chance to secure a property with endless possibilities in one of Manhattan's most dynamic areas.
Don't miss this rare opportunity to be part of East Harlem's exciting evolution. This property offers endless potential. Schedule a viewing today and take the first step toward making this exceptional investment yours.
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
View Y/N Yes
View Other
Porch Patio
Private Pool No
Building
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $265
Special Listing Condition Standard
Pets Allowed Building Yes, No
GET MORE INFORMATION
Why Invest in Miami
Miami Real Estate is among the most valuable in the world. Miami, Florida has been growing in terms of importance for the last two decades.
Moving to Miami
Are you thinking of moving to Miami? You are not alone. Miami has seen significant migration from high tax states, Central and South America and even Europe over the last decade. Here a small guide to help you decide before making the move.
Buying Pre-Construction
Buying a pre-construction condo in Miami is an exciting proposition that needs to be planned and approached diligently. Learn some of the major things you need to know when buying a pre-construction.
Foreign Buyers
For foreign investors, the US real estate market might be something of a mystery. But in our experience helping buyers find the right home or investment property in the US, we’ve found that the US real estate market can be transparent and friendly for foreigners
Manhattan Miami Real Estate
Learn about our services in two of the most important real estate markets in the country.
Case Studies
No matter the walk of life, we will guide you through the buying process of finding the right home for you. Hear about our client's stories and see where you fit in.
- Homes For Sale in Miami Beach, FL
- Homes For Sale in Aventura, FL
- Homes For Sale in Bal Harbour, FL
- Homes For Sale in Coconut Grove, Miami, FL
- Homes For Sale in Coral Gables, FL
- Homes For Sale in Fort Lauderdale, FL
- Homes For Sale in Surfside, FL
- Homes For Sale in Miami, FL
- Homes For Sale in Fisher Island, FL
- Homes for Sale in Brickell, Miami, FL
- Homes for Sale in Sunny Isles Beach, FL
- Homes For Sale in La Gorce Island, Miami Beach, FL
- Homes For Sale in Pinecrest, FL
- Homes For Sale in Gables by The Sea, Coral Gables, FL
- Homes For Sale in Cocoplum, Coral Gables, FL
- Homes For Sale in Gables Estates, Coral Gables, FL
- Homes For Sale in Key Biscayne Island, Miami Beach, FL
- Homes For Sale in Southwest Ranches, FL
- Homes For Sale in Venetian Islands, Miami Beach, FL
- 100 Newest Apartments for Sale in Miami
- Top 50 Miami Penthouses for Sale
- 100 Most Expensive Miami Properties for Sale
- Newest New Development Miami for Sale Properties
- Homes for Sale in South of Fifth, Miami Beach, FL