$1,999,000 $2,275,000
Updated 4 hours ago
Price drop
East Harlem, Manhattan | First Ave & Pleasant Ave
19 Rooms11 Beds4 Baths5,500 Square FeetMulti-Family

$1,999,000 $2,275,000
floors / apts4 / 4
Lot Size18'8"x100'9"
Built Size18'8"x58'
Building TypeLow-Rise
RE Taxes$2,692
Price Per SF

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description

414 East 115th Street East Harlem, New York

An outstanding investment opportunity awaits on one of the most sought-after blocks in East Harlem! This 18'75"x58' prewar townhouse on an 18'75"x100'92" lot is perfect for the investor who wants to renovate and rent out all 4 units for excellent return; or the live-in buyer who can create their own dream penthouse with a private roof terrace, and reap the rewards of 3 free-market, income-generating apartments. With R7B zoning and FAR 3 in place, the possibilities are endlessplus taxes are low too! The potential is incredible, as is the versatility, and the area is highly coveted and bursting with new developments. Best of all is the prime location, minutes to the mall at 117th Street featuring Costco, Burlington, Aldi, Marshalls and other top retailers, as well as Thomas Jefferson Park with its recreation center, skate park, dogs run and green space. Also nearby are eateries, convenience stores, schools and public transportation, with easy access to the subway and express buses on 116th Street and 2nd Avenue. Schedule a private viewing today so you don't miss out on this one-of-a-kind investment offering!

Listing History

$1,999,000 [-$276,000] [12.1%]
Price Drop by Anil Jintoorkar
Douglas Elliman

Building Details

Building TypeLow-Rise
Service LevelVoice Intercom
Year Built1900
Learn More About the Building

Transit and Citi Bike


116 St
0.41 miles
110 St
0.46 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: 71868TH