For Sale, USD 1,975,000
502 E 118th St, New York, NY 10035, USA, United States
Property Type : Single Family Home
Property Style : N/A
Build Size : N/A
Land Size : N/A
Bedroom : 5
Bathroom : 3
Half Bathroom : 0
MLS#: N/A
Property Description
Rare Townhouse and Garage Combination in East Harlem - Prime Development PotentialA 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 twelve thousand one hundred sixty-four buildable square feet with additional bonus opportunity, this property boasts forty-five 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 approximately seventeen feet ten inches wide by forty-four feet eleven inches 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 fifty feet six inches by twenty-five feet are endless. Adjacent to the home, the garage, spanning twenty-five feet wide by fifty 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 cobblestone 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 six 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 along with 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.Do not 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.
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502 E 118th St, New York, NY 10035, USA, United States is a United States luxury Single Family Home listed for sale USD 1,975,000. This high end United States Single Family Home is comprised of 5 bedrooms and 3 baths. Find more luxury properties in United States or search for luxury properties for sale in United States.