515 1/2 E 118th ST, New York (manhattan), NY 10035

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Rafi Ahmad

realestate@gmaenterprise.com +1(718) 322-4030

$ 1,950,000

Est. payment -/mo

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Active

515 1/2 E 118th ST New York (manhattan), NY 10035

8 Beds

4 Baths

UPDATED:

11/20/2024 07:30 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEYL3584709

Style Other

Bedrooms 8

Full Baths 4

Originating Board onekey2

Rental Info No

Year Built 1900

Annual Tax Amount $1,980

Lot Dimensions 16.67x100.92

Property Description

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.

Location

State NY

County New York (manhattan)

Rooms

Basement See Remarks

Interior

Heating Other, See Remarks

Cooling Central Air

Flooring Hardwood

Fireplace No

Appliance Dishwasher, Dryer

Exterior

Garage On Street

Private Pool No

Building

Sewer Other

Water Public

Structure Type Other

New Construction No

Schools

High Schools Manhattan Center-Science & Math

School District Manhattan 4

Others

Senior Community No

Special Listing Condition None

Listed by Coldwell Banker Reliable R E

Rafi Ahmad

Broker

+1(718) 322-4030

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