Updated 9 years ago
Sold
418 East 115th Street
East Harlem, Manhattan | First Ave & Pleasant Ave
5 Baths9,700 Square FeetIncome Property
$3,700,000
floors / apts3 / 1
Lot Size25'x100'92"
Built Size25'x97'
ZoneR-7B
Building TypeLow-Rise
RE Taxes$33,126
Price Per SF
$381
This property was sold for $3,700,000 on 04/25/17.
Listing Features
- Architectural Dtls
- Beamed Ceilings
- Skylights
Property Description for 418 East 115th Street
418 is set on the south side of East 115th Street between Pleasant and First Avenues in a favorite Manhattan enclave which boarders East River and its FDR Drive, Thomas Jefferson Park, Randalls Island and East River Plaza. Convenient to key highways and bridges and easily accessible via public transportation as there are few bus lines routing the area, the Metro North, and the 6 subway line on 116th Street and Lexington Avenue. The location will also benefit from the approved 116th street stop for the Second Avenue Subway. As for shops, amenities, famed and newly established restaurants there are plenty. Like owner Pat from the uber local Love Caf says: this has always been like a real neighborhood! Built in 1900 and evidenced by its alluring faade 418 East 115th Streets history tells that it began as a horse stable and in later years had utilizations for brewing and tile manufacturing. In today the vacant property hands over distinctive potential and opportunity in its transfer. Assume sundry uses, with alteration and/or conversion any transformation could yield an excellent asset. At present the structure holds a one unit commercial CO (three floors + basement) with a F5 Building Class (Factory-Light Manufacturing). That said the building is situated on a prime R7-B block. To a mixed use-opportunist this is an excellent prospect in terms of maximum ability. The property has DOB approved plans for this development (commercial on the ground level and basement and residential on the second and third floors), and as the property is zoned residential as of right making full inhabited use of the building is also a probability. Opportunities for investment or end use are of a live/work place, residential, and/or commercial alternative. The total measured space that is now built and bare is approximately 9,700 square feet. 7,275 sqft above grade with 11 to 13 feet ceilings plus a 2,425 sqft functional basement with 8-9 feet ceiling height. Still in-tact is the original elevator shaft, skylight, windows, shutters and doors, enough of the earliest architectural details and lofty full floors built 25ft x 97ft where on the upper levels you will be surrounded by sundry windows. In addition to its main entrance there is a loading dock and private curb cut at the buildings frontage. With a maximum FAR of 3 though only built at 2.88 a petite rear and roof span right may add to its measure.
Listing History for 418 East 115th Street
Now
04/25/2017
$3,700,000
Sold and Closed by Stefania Cardinali
Corcoran
01/20/2017
Contract Signed by Stefania Cardinali
Corcoran
Building Details for 418 East 115th Street
OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts3/1
Transit and Citi Bike
Subway
116 St
0.42 miles
110 St
0.47 miles
Citi Bike
E 114 St & 1 Ave
0.05 miles
Pleasant Ave & E 116 St
0.1 miles
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: 42791TH
Find home. Discover happiness.