$2,450,000
Updated 9 years ago
Sold

59 East 117th Street

East Harlem, Manhattan | Madison Ave & Park Ave

12 Rooms7 Beds4 Baths3,864 Square FeetMulti-Family

$2,450,000
floors / apts4 / 3
Lot Size33'x100'
ZoneR7-2
Building TypeTownhouse
RE Taxes$5,658
Price Per SF
$634

This property was sold for $2,300,000 on 12/22/17.

Outdoor space and views

  • Backyard
  • Patio

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 59 East 117th Street

Fabulous opportunity to purchase a spacious 20’-wide, beautifully-designed 3-family townhouse with a finished basement AND a large grassy fenced yard in vibrant East Harlem! This one will not last and has so much to offer, with a great location near many attractions and conveniences, and LOW property taxes of $5,658 per year. You can’t beat the investment value either, with an owner’s triplex and 2 large rental apartments!

The expansive 3 bedroom 2.5 bath owner’s triplex is a dream home with plenty of room for living and entertaining. On the first floor is the sunny front-facing living room with hardwood floors, a powder room, multiple closets, plus a dining room and open kitchen that leads out to the lovely garden where you can barbecue with friends and enjoy the great outdoors! The 3 bedrooms on the 2nd floor include a roomy master with plentiful closet space and an en-suite bath. Bedrooms 2 & 3 also have generous closet space, including a walk-in. The finished basement is an amazing hideaway with a recreation/game room/office, a home gym, washer/dryer, mechanicals room and abundant storage. Some portion of the home must be owner-occupied for the next 12 years – but who would want to leave! You can live in the triplex and rent the upper two apartments or reverse it and live in one of the two bedroom apartments and rent the other units for a higher return.

There is a separate entrance to levels 3 and 4 which are each 2 bedroom apartments with a living/dining room, open kitchen with breakfast bar, a full bath, walk-in and other closets. Both are free-market rental apartments and have excellent income potential.

Situated on East 117th Street between Park and Madison Avenues, 59 East 117th Street enjoys a prime address in East Harlem which has experienced tremendous development in recent years. Minutes from your door are diverse shops and restaurants, Whole Foods Market, Target, Marcus Garvey Park, The Jazz Museum in Harlem, Museum of the City of New York, El Museo del Barrio, Metro North and the subway!

Listing History for 59 East 117th Street

Now
01/02/2018
Back on the Market by Ed Hardesty
Compass
2018

Building Details for 59 East 117th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2002
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.18 miles
116 St
0.32 miles
110 St
0.39 miles
125 St
0.41 miles
110 St-Malcolm X Plaza
0.43 miles

Railroad

Harlem-125 StMetro-North Railroad
0.4 miles

Citi Bike

E 118 St & Madison Ave
0.06 miles
E 118 St & Park Ave
0.07 miles

Contact Agents

Contact Agents

Licensed As
Melody Acevedo
Associate Broker
License#:
30AC0951304
Company:
Compass

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

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.
OLR ID: 71230TH