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Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$1,975,000
Est. payment /mo
5 Beds
3 Baths
12,164 SqFt
New
502 E 118TH Street Manhattan, NY 10035
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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
Rare Townhouse & Garage Combination in East Harlem - Prime Development Potential
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.
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
RLS Data display by Manhattan Miami Real Estate
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