Updated a year ago
Off Market
502 East 118th Street
East Harlem, Manhattan | Pleasant Ave & Pleasant Ave
13 Rooms5 Beds3 Baths3,232 Square FeetMulti-Family
$1,975,000
floors / apts3 / 3
Lot Size45'x100'
Built Size20'x34'
ZoneC4-4
Building TypeTownhouse
RE Taxes$3,180
Price Per SF
$611
Outdoor space and views
- Backyard [50'x25']
Property Description for 502 East 118th Street
Rare Townhouse & Garage Combination in East Harlem - Prime Development Potential
A 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 12,164 buildable square feet with additional bonus opportunity, this property boasts 45 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 approx. 17" 10 feet wide by 44" 11 feet 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 50" 6 X 25" are endless. Adjacent to the home, the garage, spanning 25 feet wide by 50 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 cobble stone 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 6 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 and 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.
Don't 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.
A 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 12,164 buildable square feet with additional bonus opportunity, this property boasts 45 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 approx. 17" 10 feet wide by 44" 11 feet 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 50" 6 X 25" are endless. Adjacent to the home, the garage, spanning 25 feet wide by 50 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 cobble stone 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 6 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 and 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.
Don't 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.
Listing History for 502 East 118th Street
Now
10/02/2025
Expired by Ivonne Velasquez
Brown Harris Stevens
07/22/2025
$1,975,000 [-$120,000] [5.7%]
Price Drop by Ivonne Velasquez
Brown Harris Stevens
Building Details for 502 East 118th Street
OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/3
Transit and Citi Bike
Citi Bike
Pleasant Ave & E 120 St
0.11 miles
Pleasant Ave & E 116 St
0.11 miles
Contact Agents
Contact Agents
Ivonne Velasquez
Brown Harris Stevens
Whitney Osentoski
Brown Harris Stevens
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: 89775TH
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