502 East 118th Street
East Harlem, NYC
$2,095,000 Price
5 Bedrooms   3.0 Baths

Rare Townhouse and Garage Combination

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 ...

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.

Floorplan for 502 East 118th Street

Floorplan for 502 East 118th Street

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
East Harlem, NYC
Type: Townhouse
Price: $2,095,000
Re Tax: $265
Date Listed: 4/18/2025
Web ID: 23403350

Info & Amenities

Rooms: 13.0
Bedrooms: 5
Bathrooms: 3.0
Air conditioning: Central Air
Basement: Yes
Original Detail: Yes

Map of Area for 502 EAST 118TH STREET

Listing Agent(s)

Brown Harris Stevens Real Estate Agent Ivonne Velasquez
Ivonne Velasquez
Email Ivonne
o: 212-381-2509
c: 973-978-9889
Brown Harris Stevens Real Estate Agent Whitney Osentoski
Whitney Osentoski
Email Whitney
o: 212-381-2560
c: 917-804-0134

Get to Know Harlem

Located in Upper Manhattan, Harlem is a vibrant, historic New York neighborhood bounded by Central Park, East Harlem, Washington Heights, and Morningside Heights. Renowned for its rich array of shopping, dining, cultural, and entertainment offerings, the neighborhood is one of Manhattan's most well-known. Here, you can find everything from trendy eateries and nightclubs to theaters and jazz clubs that have had an indelible impact on New York City's history and culture.

More About Harlem

Neighborhood Guide to Harlem

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