Buy with Yoreevo
$1,911,000
List Price: $1,950,000
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515 1/2 E 118th Street
House in East Harlem •  building info
8bd • 4ba • 1,682ft² $1,159 per ft²
Buy with Yoreevo

$1,911,000

List Price

$1,950,000

Open Sat, Oct 26 (12pm - 1pm)
Key Details
Days on market
14
Last price change
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Estimated payment
$10,687
Taxes
$165
Monthly maintenance
N/A
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.

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Listing Amenities
Hardwood floors
Dishwasher
Central Air
Building Amenities
Fios Available
Parking Available
Building info

History
What it'll cost
Purchase price
$1,950,000
Asking Price: $1,950,000
Term
30 Years
Down Payment
$195,000 (10%)
Min: 10% (195,000)
Rate
6.0 %
Mortgage Amount
$1,755,000
Mortgage Payment
$10,522
Taxes
$165
Estimated Yoreevo rebate
$39,000
Estimated closing cost
$67,000
Total monthly cost $10,687
Buy your dream home with us and get an estimated $39,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Coldwell Banker Reliable R E

Information ©2024, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.