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  • 502 East 118th Street
  • $ 1,975,000
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035

502 East 118th Street

East Harlem   |   Pleasant Avenue & Pleasant Avenue

New This Week
Building For Sale
$ 1,975,000
Ownership Multi-Family
Lot Size 45'x100'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 3,180
Building Type Townhouse
Building Size 20'x34'
Year Built 1899
ASF/ASM 3,232/300
Listing ID: 89775TH

Photos

502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035

Anny Yau

License

Real Estate Broker


W: 347-921-2111
502 East 118th Street East Harlem New York NY 10035

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.
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.

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

Anny Yau

License

Real Estate Broker


W: 347-921-2111

Care to take a look at this property?

Apartment Features

A/C

Outdoor

Patio
502 East 118th Street East Harlem New York NY 10035
502 East 118th Street East Harlem New York NY 10035

Building Details [502 East 118th Street]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 1716/48
Building Size 20'x34'
Zoning C4-4
Building Type Townhouse
Year Built 1899
Floors/Apts 3/3
Lot Size 45'x100'

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Anny Yau

License

Real Estate Broker


W: 347-921-2111
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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