515 1/2 E 118th Street

Nestled in the historic neighborhood of East Harlem on a quiet dead end street, this completely renovated 2-family brownstone presents a unique investment opportunity for discerning buyers. This stunning property spans four stories high plus a fully finished basement, featuring 10-foot ceilings that combines modern design with the building’s original facade. The property fits any buyer looking. This gem is perfectly laid out allowing the end user to simply add a wall and door and create an owner's duplex or triplex with a rental unit above, or have a 4-bedroom rental over a 4-bedroom rental if rental income is the priority.
Highlights & Values
- Fully Renovated: Enjoy the perfect blend of modern elegance and historical charm in this fully updated brownstone.
- Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals.
- Ample Space: With each floor featuring a full bath, the layout is both practical and luxurious.
- Premium Finishes & Modern Kitchen: Hardwood cream floors, 6-foot-tall windows, and an abundance of natural sunlight create a warm and inviting atmosphere. Two European-style kitchens equipped with white marble countertops, white cabinets, and gold accessories offer a simple yet sophisticated feel.
- Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone’s throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options.
- Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient.
- Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio.
This brownstone is 17ft x 48ft with over 60ft in the backyard and an excellent investment opportunity for both first-time homebuyers and seasoned investors, with high rental potential in a sought-after location.