515 1/2 E 118th Street, New York, NY 10035

  • $1,950,000
Active
515 1/2 E 118th Street, New York, NY 10035
  • $1,950,000

Overview

Property ID: 3584709
  • Multi Family, Residential Income
  • Property Type
  • 8
  • Bedrooms
  • 4
  • Bathrooms
  • 1900
  • Year Built

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.

Details

Updated on November 19, 2024 at 6:48 pm
  • Property ID: 3584709
  • Price: $1,950,000
  • Land Area: 0.04 Acres
  • Bedrooms: 8
  • Rooms: 12
  • Bathrooms: 4
  • Garage Size: x x
  • Year Built: 1900
  • Property Type: Multi Family, Residential Income
  • Property Status: Active

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Jerry Wang
  • Jerry Wang